INDUS (INH) CMD Presentation summary

Key takeaways

• Targeting EUR 3 billion in sales and over EUR 330 million adjusted EBITA by 2030, driven by internationalization, M&A, and technology focus.

• Financial strength enables EUR 500 million investment in acquisitions by 2030.

• Emphasis on innovation, operational excellence, and divestment of underperforming assets.

• Technology-driven growth with focus on AI, digitization, and new technology fields.

Business and financial performance 2024

• Revenue and EBIT met expectations, supported by improved H2 performance despite economic headwinds.

• Four acquisitions contributed EUR 18.4 million in revenue; total acquisition spend EUR 29.4 million.

• Free cash flow reached EUR 135.4 million, above target, supporting future growth.

• Equity ratio increased to 38.7%, net debt/EBITDA at 2.4x, and attractive dividend of EUR 1.20 per share proposed.

• EUR 44.7 million returned to shareholders via share buybacks.

Segment performance and outlook

• Engineering: Stable sales (-0.5%), EBITA margin at 9.7%; muted order book but guidance for slight growth in 2025.

• Infrastructure: Sales down 3.9%, but EBITA margin improved to 10.6%; order intake stable, growth expected in 2025.

• Materials: Sales declined 8.9%, EBITA margin at 8.8%; order backlog shrank, slight sales increase expected in 2025.

• Group 2025 guidance: Sales EUR 1.75–1.85 billion, adjusted EBITA EUR 150–175 million, margin 8.5–10%.