INDUS Holding AG : H1 2024 - Weak economy dampened results
>Reduction in sales and EBIT forecast - In a difficult environment, Indus generated H1 2024 sales of € 839.1m (-7.2% y-o-y), which were slightly below our (€ 843.4m) and the consensus (€ 847.9m – company compilation) estimates. Group EBIT amounted to € 64.1m (-24.5% vs last year) leading to a 180bp decline in the EBIT margin to 7.6%. EBIT beat our (ODDO BHFe € 61.4m) and consensus (€ 59.5m) estimates by 4.4% and 7.7% respectively. Indus lowered its FY 2024 sales and E...Indus Holding is a holding company. Co., through its subsidiaries, is engaged in the acquisition of profitable mid-sized industrial enterprises and optimizing their business growth. Co.'s portfolio companies are organized into five segments: Construction/Infrastructure, Automotive Technology, Engineering, Medical Engineering/Life Science and Metals Technology. The Construction/Infrastructure segment comprises nine operating units; the Automotive Technology segment comprises ten operating units; the Engineering segment comprises nine operating units; the Medical engineering/Life Science segment is made up of three companies; and the Metals Technology segment encompasses nine operating units.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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