INDUS Holding AG: Q1 Results and Updated Projections

INDUS Holding AG reported mixed Q1 results as per the analysis from NuWays AG. Sales reached €402 million, slightly below the expected €409 million, amidst challenging economic conditions. The Infrastructure segment showed strength with 3.4% growth, driven by the acquisition of GRIDCOM. However, Engineering suffered a 4.8% decline in sales, particularly in sorting systems and vehicle technology, while Materials Solutions decreased by 4.1% following the discontinuation of IMECO.

Order intake rose by 2.6% annually, reaching €455 million, fueled by strong demand in Engineering. Revised full-year guidance anticipates sales between €1.70-1.85 billion, adjusted EBITA projected at €130-165 million, considering export controls affecting the supply chain, especially for BETEK, INDUS' largest holding.