INDUS Holding AG: Strong Performance and Positive Outlook

INDUS Holding AG has received a "Buy" recommendation from NuWays AG, with a target price of EUR 34.00 within 12 months. The company showcases promising developments in its infrastructure segment, maintaining a robust EBIT margin of 10.2% in the first nine months of FY24. This outlook is likely to continue through FY25, supported by a favorable product mix.

The company plans significant investments in mergers and acquisitions, spending around EUR 50-70 million next year, capitalizing on reduced acquisition multiples. The materials sector, however, faces challenges due to macroeconomic pressures, affecting orders and revenue.

INDUS also projects over EUR 110 million in free cash flows for the current year, aided by effective working capital management and improved supply chains. These factors support a stable financial outlook, underpinning its position as a strong investment candidate.