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Bergisch Gladbach, 7 March 2025

INDUS successfully completes share buyback program

- EUR 44.8 million returned to shareholders since the beginning of 2024
- Retirement of around 1.1 million shares strengthens INDUS share as a dividend stock
- INDUS now holds 3.5% as treasury shares

Stock exchange listed INDUS Holding AG has successfully completed its share buyback program announced on 11 November 2024. Since the start of the buyback program on 2 December 2024, the investment company has repurchased 200,000 shares at an average price of EUR 21.20 via the stock exchange. INDUS has thus acquired a total of 2 million shares via buyback programs since February 2024.

“In addition to the dividend payment of EUR 31 million, our shareholders received a total of EUR 41.7 million from the buyback of shares in 2024,” says Dr. Johannes Schmidt, Chairman of the INDUS Board of Management. “Despite these high payouts, we were able to increase our equity ratio to 38.7%. Additionally, around EUR 3.1 million went to INDUS shareholders in 2025 via the now completed buyback program.”

On 5 March 2025, the INDUS Supervisory Board approved the Board of Management’s resolution to cancel 1,095,559 shares without adjusting the share capital. The share capital is now divided into 25,800,000 shares. INDUS holds 3.5% of these as treasury shares.

Schmidt continues: “INDUS’ decision to retire around 1.1 million shares permanently reduces the number of shares entitled to dividends and consequently increases the pro rata earnings per share. In addition, we have retained own shares, which we can use as an acquisition currency for the further expansion of our portfolio.”

More information on the share buyback program can be found here. The share buyback program was supported by Commerzbank AG, Frankfurt/M., and McDermott Will & Emery Rechtsanwälte Steuerberater LLP.

Note:

This press 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 Group's 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, USA and the Asia-Pacific regions.

Before joining INDUS, Gudrun Degenhart was CEO for the German portfolio companies of the international service group ISS. She previously worked for the thyssenkrupp Group, including as CEO of the international business unit for special lifts and as 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 activities 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 assumed 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 these 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.