Share

Share & coverage

We build a bridge between the capital market and the Mittelstand.

What makes INDUS shares attractive

Share

Since 1995, INDUS has demonstrated how the Mittelstand sector and capital market listings can go hand-in-hand. We combine our shareholders’ capital with successful long-term business models, actively supporting our portfolio companies with a platform on which they can develop their businesses autonomously. INDUS thrives because our companies succeed in their respective markets – and our shareholders share in this success through regular dividends and long-term value appreciation.

Share performance

Our shareholders

Shareholder base

INDUS has a very stable shareholder base. Our shareholders bolster our long-term corporate strategy. 

*The total number of shares amounts to 25,800,000. The 904,441 shares repurchased by the company are not entitled to vote or receive dividends.

Dividend policy

Dividend

INDUS shareholders participate in company profits through regular dividend distributions. The dividend policy provides that at least 50% of profits are to be reinvested in the company and up to 50% distributed.

Transparency also means reporting on other peoples’ views of us

Coverage

Research coverage and published analysis reports are important tools for investors to evaluate a company’s profitability prospects and related share price potential. Nine banks and investment houses currently cover the INDUS share and publish regular research reports.

This is how our financial analysts currently rate us:

InstituteAnalystStatusRecommendationTarget priceDocument
Kepler CheuvreuxSven SauerAugust 2025hold28.00€-
LBBWVolker StollMarch 2026buy32.00€Download (PDF)
METZLER Capital MarketsVictor BeyerMarch 2026hold29.00€-
M.M.WarburgFelix EllmannMarch 2026buy39.00€Download (PDF)
mwb researchThomas WisslerMarch 2026buy35.00€Download (PDF)
NuWaysChristian SandherrMarch 2026buy34.50€Download (PDF)
ODDO BHFAdrian PehlFebruary 2026outperform31.00€-
ParetoZafer RüzgarNovember 2025buy32.00€-
ParmantierDaniel GroßjohannMarch 2026buy35.00€Download (PDF)

Consensus of observational banks and investment firms

Consensus

INDUS Holding AG collects securities analysts’ estimates for selected key financial figures of the INDUS Group at sporadic intervals. INDUS also assumes no liability for the accuracy, completeness and correctness of these estimates and undertakes no obligation to update or revise the estimates.

Consensus, as of April 8, 2026

In € millionAverageLowHighEstimates
2026
Revenue1,825.01,800.01,865.57
Adj. EBITA160.8153.4166.86
EBIT138.2129.0145.87
EBT110.0105.0117.47
Net income73.566.083.47
Earnings per share (in EUR)2.972.673.297
Dividend per share (in EUR)1.361.301.427
Free cash flow63.134.978.04
Price target (in EUR)33.9329.0039.007

Key data

Share
WKN/ISIN620010/DE0006200108
Stock exchange codeINH.DE
Share classNo-par-value shares
Stock exchangesXETRA, Frankfurt (regulated market), Berlin, Düsseldorf,
Hamburg, Hanover, Munich, Stuttgart
Market segmentPrime Standard
IndicesSDAX, STOXX Germany Universal Small Cap,
MSCI Small Cap Germany Index*
Designated SponsorsICF BANK AG, ODDO BHF
Subscribed CapitalEUR 69,928,453.64
Authorized Capital 2021EUR 34,964,225.52
Number of shares after cancellation of shares on March 5, 202525,800,000

* Inclusion announced on February 10, 2026, taking effect on March 2, 2026.

Bianca Yijin Li

Sprechen Sie uns an
Investor Relations
+49 (0)2204/40 00-32
investor.relations@indus.de

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.