INDUS Holding AG : Negative surprise due to ongoing weak macroeconomic conditions
>Lower revenue and EBIT guidance for 2024 - Indus adjusted its revenue and EBIT forecast (incl. EBIT margin) for the 2024 financial year. It now expects revenue of € 1.70bn to € 1.80bn (previously: € 1.85bn to € 1.95bn) and EBIT of between € 125m and € 145m (previously: € 145m to € 165m). The expected EBIT margin is now in the range of 7.0% to 8.0% (previously: 7.5% to 8.5%). The adjustment results from the fact that macroeconomic conditions have not yet improved and...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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