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Bergisch Gladbach, February 24, 2026

Preliminary figures for 2025: INDUS defies difficult market environment

• Revenue (EUR 1.74 billion), adjusted EBITA (EUR 147.8 million), and adjusted EBITA margin (8.5%) in line with expectations
• Free cash flow significantly above target of EUR 90 million
• Acquisitions strengthen the Group's international presence and engineering competence

The INDUS Group performed robustly in financial year 2025 despite a continuing difficult economic environment: According to preliminary and unaudited figures, the Group generated revenue of EUR 1.74 billion (previous year: EUR 1.72 billion). Adjusted EBITA reached EUR 147.8 million (previous year: EUR 153.7 million). The adjusted EBITA margin was 8.5% (previous year: 8.9%). The income was thus in line with the latest forecast. Since May 2025, revenue of between EUR 1.70 and 1.85 billion and adjusted EBITA in the range of EUR 130 to 165 million had been expected. The Group's free cash flow was well above the target of EUR 90 million EUR.

"Protectionism and geopolitical uncertainties continued to challenge the markets in 2025," says INDUS Chair of the Board of Management Dr.-Ing. Johannes Schmidt. "Despite headwinds, our Group held its course and continued to develop well."

In 2025, INDUS strengthened its Engineering segment with two add-on acquisitions. Bolt welding specialist HBS and its US subsidiary SUNBELT expand the portfolio of investment company KÖCO. Precision metal manufacturer METFAB, with its registered office in the United States, strengthens the international manufacturing capacities of the MBRAUN Group. In a market environment that remains difficult, the segment companies recorded a strong fourth quarter as planned. Revenue and segment earnings rose steadily over the course of the year. The order backlog at the end of the year was significantly higher than in the previous year. At the end of 2025, INDUS signed the purchase agreement for media technology specialist PRO VIDEO, thereby adding another portfolio company to its Engineering segment.

The portfolio companies in the Infrastructure segment increased revenue compared to the previous year. The adjusted EBITA margin met expectations. With the acquisitions of KETTLER and ELECTRO TRADING, the INDUS portfolio company HAUFF-Technik is broadening its product portfolio in the promising field of infrastructure networks and is expanding its presence in Scandinavia. TRIGOSYS, a specialist in shuttering structural joints for reinforced concrete construction, complements the product range of the portfolio company BETOMAX.

The portfolio companies in the Materials Solutions segment were confronted with market turmoil as a result of US tariff policy, Chinese export controls, and rising material prices. The difficult conditions led to lower revenue. However, a comprehensive package of measures ensured that the companies performed well operationally over the course of the year and were able to increase their contribution to income in the second half. Segment earnings and the adjusted EBITA margin were up on the previous year.

Schmidt: "In a year marked by significant external pressures, our strategy has proven very successful. EMPOWERING MITTELSTAND sharpens the focus on our three growth drivers: acquisitions, internationalization, and engineering competence. This puts us in a good position to seize opportunities and achieve further growth in 2026."

The complete financial statements for financial year 2025, including the guidance for financial year 2026, are expected to be published on the company's website on March 24, 2026.

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 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.