INDUS Holding AG Reports Decreased Sales and EBIT in Q1 2024 Amid Economic Challenges

INDUS Holding AG, a key player in the SME sector, disclosed a downturn in sales and EBIT (Earnings Before Interest and Taxes) for the first quarter of 2024 due to challenging economic conditions. The company recorded sales at EUR 410.1 million, a decrease from the previous year’s EUR 450.8 million, and an EBIT of EUR 26.7 million, down from EUR 44.8 million.

Despite the economic headwinds and a decline in customer purchasing, INDUS confirmed its financial guidance for the remainder of the year, projecting sales between EUR 1.85 and 1.95 billion and an EBIT ranging from EUR 145 to 165 million. Additionally, the company has strengthened its portfolio with new acquisitions in various sectors, planning further investments totaling EUR 70 million for the year.

Operational efficiency improved, with a substantial rise in operating cash flow reaching EUR 12.1 million, significantly higher than the previous year's EUR 1.5 million. Moreover, INDUS executed a successful share buyback program, reacquiring 1.1 million shares, increasing treasury shares to 4.09% of the share capital.