DGAP-Adhoc: INDUS Holding AG: INDUS announces non-cash write-downs on goodwill

2018. november 20., kedd, 15:40





DGAP-Ad-hoc: INDUS Holding AG / Key word(s): Annual Results


INDUS Holding AG: INDUS announces non-cash write-downs on goodwill


20-Nov-2018 / 15:40 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.





INDUS announces non-cash write-downs on goodwill

Bergisch Gladbach, 20 November 2018 - In the fourth quarter of 2018, INDUS Holding AG will post non-cash write-downs on goodwill in the amount of EUR 16.2 million in the consolidated financial statements. EUR 9.5 million thereof will be attributable to the Automotive Technology segment, while the Metals Technology segment will account for EUR 6.7 million. These result from the current outlook of the units affected by the write-downs, which became apparent during the current planning process and the subsequent annual impairment tests.



In spite of these impairments, the targets for key financial indicators of the Group will be met: the Board of Management continues to expect an equity ratio of over 40% and a ratio of net debt to EBITDA of between 2.0 and 2.5.



The operating forecast published in the report on the third quarter of 2018 on 14 November 2018 remains unchanged. The Board of Management continues to project operating earnings before interest and taxes (EBIT) before impairment at the lower end of between EUR 154 million and EUR 160 million. Taking the write-downs on goodwill into account, earnings before interest and taxes of between EUR 138 million and EUR 144 million are expected.




Contact:

Nina Wolf & Julia Pschribülla

Corporate Communications & Investor Relations


INDUS Holding AG

Kölner Straße 32

51429 Bergisch Gladbach

Germany


Tel +49 (0) 022 04 / 40 00-73

Tel +49 (0) 022 04 / 40 00-66

E-mail presse@indus.de    

E-mail investor.relations@indus.de
www.indus.de








20-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: INDUS Holding AG

Kölner Straße 32

51429 Bergisch Gladbach

Germany
Phone: +49 (0)2204 40 00-0
Fax: +49 (0)2204 40 00-20
E-mail: indus@indus.de
Internet: www.indus.de
ISIN: DE0006200108
WKN: 620010
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange





 
End of Announcement DGAP News Service




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