INDUS Holding AG : Strong Q1 expected, de-risking of portfolio is underway & lifting resilient profile
>Rebound potential and resilient profile not fully reflected yet & consensus has not baked-in automotive relief on EBIT from 2024 onwards = upside revision to come - In FY 2022, adj. EBIT (excl. € 43m impairments) increased by 7% y-o-y to € 176m, implying an adj. EBIT-margin of 9.8% and confirming the resilient profile of INDUS in an otherwise tough inflationary environment. We have adjusted our FY 2023 EBIT forecast by -7% to € 161m (guidance: € 145m - € 165m) as the...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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