Publication of Insider Information according to [Art. 17 MAR]

INDUS Holding AG adjusts its guidance for the 2026 financial year

Bergisch Gladbach, 30 April 2026 – The Board of Management of INDUS Holding AG today adjusted its guidance for the 2026 financial year in light of an exceptional development in the Materials Solutions segment. Due to the persistently tight supply situation and the resulting extreme price increase for tungsten carbide, the largest company in the Materials Solutions segment is recording a very strong, price-driven increase in revenue. In particular, Chinese export restrictions coupled with high global demand have led to a tripling of the price since the beginning of 2026 – following an initial tripling during the course of 2025. This results in an upward revision of the guidance ranges for Group revenue and adjusted EBITA.

In this context, the Board of Management now expects the following for the INDUS Group in financial year 2026:
• Revenue: EUR 1.85 to 2.05 billion (previously: EUR 1.80 to 1.95 billion)
• Adjusted EBITA: EUR 160 to 190 million (previously: EUR 150 to 170 million)
• Adjusted EBITA margin: 8.0 to 10.0% (previously: 7.5 to 9.5%)

At the same time, securing the supply of raw materials requires a significant increase in working capital, leading to a substantially higher need for pre-financing. As a result, the Board of Management is adjusting its free cash flow guidance for 2026 to at least break-even (previously: >EUR 70 million). For the Materials Solutions segment, a strong increase in revenue and income is now expected (previously: moderately increasing revenue and strongly decreasing income).

The Board of Management has made the conscious decision to maintain the supply capacity of the portfolio company affected by the special development described above, within the limits of the Group’s financial capabilities, in this exceptionally tight raw materials environment. This contributes to securing ongoing business operations and enables the responsible exploitation of market opportunities.

The effects of this development are expected to be reflected in the results for the first quarter of 2026, which are still preliminary at the time of this infomation:
• Revenue: EUR 441.6 million (Q1 2025: EUR 402.4 million)
• Adjusted EBITA: EUR 42.5 million (Q1 2025: EUR 24.9 million)
• Adjusted EBITA margin: 9.6% (Q1 2025: 6.2%)

Working capital has risen strongly compared to the figure at the end of 2025, partly due to seasonal factors and partly due to the price increase for tungsten carbide; this results in an expected free cash flow of -74.1 million EUR (Q1 2025: -23.6 million EUR).

The Engineering and Infrastructure segments have performed in line with the existing guidance.

Further developments over the course of the year depend significantly on the ongoing price and supply situation for tungsten carbide and are subject to considerable uncertainty; changes in market price levels may have a corresponding impact later in the year.

The interim report for the first quarter of 2026 will be published as planned on May 12, 2026.

Adjusted EBITA is calculated by adding back PPA amortization and impairment to EBIT, and subtracting any reversals of impairment losses. For further details, please refer to page 58 of the Company’s 2025 Annual Report.

Note:
This release contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of INDUS Holding AG and comprise known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. INDUS Holding AG assumes no obligation to update forward-looking statements.

Axel Meyer

COO Engineering
Axel Meyer (German citizen, born 1968) has been a member of the INDUS Board of Management since October 2017.

Until joining INDUS, he held various management positions at Schuler AG, most recently as Managing Director of Schuler Pressen and Head of the Service Division of the Schuler Group, Goeppingen, Germany.

Previously, Axel Meyer worked as a member of the Board of Management of the international management consultancy IMAGIN Prof. Bochmann AG, Eppstein im Taunus, Germany. He started his professional career in the Schuler Groups’ Solid Forming Division, initially in global sales and later as Division Manager.

Axel Meyer studied industrial engineering in Germany and the USA and earned a Master of Mergers & Acquisitions (LL.M.) at the Frankfurt School of Finance & Management while working. 

Gudrun Degenhart

COO Materials Solutions
Gudrun Degenhart (German citizen, born 1970) has been a member of the Board of Management of INDUS since October 2023.

She has more than 20 years of experience in the management and development of portfolio companies in Europe, the USA and the Asia-Pacific regions.

Prior to joining INDUS, she served as the CEO of the German portfolio companies of the international service group ISS. She previously worked for the thyssenkrupp Group, serving as the CEO of the international business unit for special lifts, as well as the CEO of Materials Western Europe and Asia-Pacific . She gained experience in medium-sized companies as a board member of the construction technology company Schöck.

A graduate in business administration, she began her career by building up the Central and Eastern European operations of the construction specialist Lindner Group.

Dr. Jörn Großmann

COO Infrastructure
Dr. Jörn Großmann (German citizen, born 1968) has been a member of the INDUS Board of Management since January 2019.

Up until joining INDUS, he worked for the Dutch group Aalberts Industries, with his last position being the sole managing director of Impreglon, Lüneburg, Germany.

He previously held various positions at the Georgsmarienhütte Group, initially becoming managing director of Mannstaedt, Troisdorf, Germany and later managing director of GMH Edelstahl Service Center Burg and GMH Engineering. Before Dr. Großmann became the managing director of Buderus Feinguss, Moers, Germany, he worked as a development engineer and as a technical director for Doncasters Precision Castings, Bochum, Germany.

He studied material sciences and earned a doctorate in the field of natural sciences.

Dr. -Ing. Johannes Schmidt

CEO
Dr. -Ing. Johannes Schmidt (German citizen, born 1961) has been a member of the Board of Management of INDUS since January 2006. He has held the position of CEO since July 2018.

Dr. -Ing. Schmidt was previously the sole managing director of ebm-papst Landshut, Germany, a manufacturer of ventilation motors and fans. During his tenure there, his main achievements included advancing the development of new product platforms and the internationalization of production sites.

Dr. -Ing. Schmidt began his career at Richard Bergner, a manufacturer of electrical instruments from Schwabach, Germany. He initially led product development before rising to the position of managing director during his 12 years at the company.

Schmidt, who studied mathematics, gained an engineering doctorate in mechanics from the Technical University of Darmstadt. 

Rudolf Weichert

CFO
Rudolf Weichert (German citizen, born 1963) is the CFO and deputy Chair of the Board of Management of INDUS.

Before joining the INDUS Board of Management in June 2012, he was a Partner at KPMG for nine years. He spent three of those years in Detroit, Michigan, United States, where he worked mainly with companies in the engineering and materials trading industries.

Mr. Weichert, who holds a masters degree in business administration, worked for KPMG for about 20 years, primarily in the firm’s Duesseldorf office, where he worked mainly with multinational manufacturing corporations.