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

INDUS reduces forecast for sales, adjusted EBITA and adjusted EBITA margin for the 2025 financial year

Bergisch Gladbach, May 07, 2025 - INDUS Holding AG (ISIN: DE0006200108) is adjusting its forecast for sales, adjusted EBITA and adjusted EBITA margin for the 2025 financial year. The Board of Management now expects consolidated sales of EUR 1.70 billion to EUR 1.85 billion (previously: EUR 1.75 billion to EUR 1.85 billion) and adjusted EBITA of between EUR 130 million and EUR 165 million (previously: between EUR 150 million and EUR 175 million). The adjusted EBITA margin is now expected to be in the range of 7.5% to 9.0% (previously: 8.5% to 10.0%). 

The adjustment results firstly from the generally reduced expectations of the INDUS portfolio companies, especially in the segment Materials Solutions, for the full year 2025 as a result of the disruptive US customs policy since April 2, 2025 ("Liberation Day").

Additionally, in February 2025, China has extended export controls to tungsten and tungsten compounds, among other things. The INDUS Group's portfolio company BETEK purchases and processes large quantities of tungsten-containing primary products from China. Since then the approval process has become considerably more stringent. Due to current developments, the time required to obtain an export license is no longer predictable and it is unclear whether the licenses will even be granted to the extent required at all. Despite a comprehensive and very cost-intensive package of measures that was introduced immediately, there is now a concrete risk that the supply problems will result in a loss of revenue in the range of EUR 20 to 40 million in the second half of 2025. In combination with the sharp rise in costs, adjusted EBITA will fall by around EUR 8 to 15 million. However, it can also not be ruled out that supply can be secured again as the year progresses.

The consolidated financial statements as at March 31, 2025 and the first quarter of 2025 will be published as planned on May 14, 2025.

The composition of adjusted EBITA is calculated from EBIT - as shown on page 160 of INDUS Holding AG's 2024 Annual Report - by eliminating depreciation/amortization and impairments on intangible assets and goodwill from purchase price allocations.

Important 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 involve 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 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.