INDUS (INH) Q4 2024 earnings summary

Executive summary

• Revenue for FY 2024 reached EUR 1.72 billion, meeting guidance despite a challenging economic environment.

• EBIT was EUR 126.7 million, within or above guidance, but down from EUR 149.6 million year-over-year.

• EBIT margin stood at 7.4%, within the guided range of 7.0–8.0%.

• Adjusted EBITA was EUR 153.7 million, reflecting impairment losses and PPA depreciation, down from the prior year.

• Operational performance improved in the second half of the year.

Financial highlights

• Revenue declined 4.5% year-over-year to EUR 1.72 billion, within the guided range.

• EBIT decreased to EUR 126.7 million from EUR 149.6 million year-over-year.

• Adjusted EBITA dropped to EUR 153.7 million from EUR 188.1 million year-over-year.

• EBIT margin was 7.4%, compared to 8.3% in the previous year.

Outlook and guidance

• Preliminary results are in line with the adjusted guidance published in November 2024.

• Management expresses confidence for 2025, citing portfolio realignment and withdrawal from automotive series production.

• Full financial statements and 2025 forecast to be published on March 24, 2025.