Indel B (INDB) Q1 2025 TU earnings summary

Executive summary

• Q1 2025 consolidated revenues reached €50.0 million, down 6.3% year-over-year amid a challenging macroeconomic environment, especially in Automotive.

• Double-digit growth achieved in Hospitality (+21.8%), Cooling Appliances (+24.0%), and Components & Spare Parts (+21.6%) sectors, offsetting Automotive weakness.

• Business diversification and focus on innovation are emphasized as key strategies for sustainable growth.

Financial highlights

• Product sales revenue for Q1 2025 was €49.6 million, a 4.7% decrease from Q1 2024.

• Total sales revenue, including sundry revenues, was €50.0 million, down from €53.4 million in Q1 2024.

• Other revenues dropped 67.3% to €0.4 million, mainly from transportation and mould cost recoveries.

Segment performance

• Automotive revenue fell 15.2% to €29.9 million, reflecting ongoing market challenges in Europe and North America.

• Hospitality sector grew 21.8% to €4.7 million, driven by a 95.5% surge in cruise ships and 4.1% growth in hotels.

• Components & Spare Parts rose 21.6% to €6.4 million.

• Cooling Appliances increased 24.0% to €2.8 million, with strong performance in both Home (+21.1%) and Professional (+26.7%) segments.

• Leisure market up 6.9% to €5.8 million, led by Marine (+20%), while RV declined by 12%.