INDUS Holding AG : Q3 2022 hit by restructuring in the automotive segment (as expected), first signs of structural relief (heading into 2023)
>Final Q3 2022 results confirm preliminary indications, ‘clean’ EBIT figure shows the first signs of structural relief - INDUS has reported Q3 2022 sales growth of 10% y-o-y to € 490m, which compares to the consensus forecast of € 463m. Reported Q3 2022 EBIT was -€ 40m (Q3 2022: € 22m), including accumulated one-offs of € 77m (o/w € 37m attributable to SMA). The 'adjusted (for impairments)' Q3 2022 EBIT of € 37m implies an increase of 22% y-o-y (vs € 30m in Q3 2021), ...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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