INDUS Holding AG : Slow start to the year (as indicated by macro environment) & Q1 EBIT in line with cons, FY 24 outlook confirmed & strong M&A track record (more to come)
>Q1 2024 EBIT in line with consensus, segment trends reversed heading into Q1 - INDUS reported a Q1 2024 sales decline of 9% y-o-y to € 410m (cons € 431m - company compiled). EBIT decreased by 40% y-o-y to € 27m in Q1 2024, which is in line with the consensus estimate. The underlying trends seen in Q4 2023 reversed heading into Q1 2024, i.e. Engineering (lower sales & adverse mix effects) & Materials EBIT normalised, while the Infrastructure segment has come through t...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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