BERGISCH GLADBACH (dpa-AFX) - The investment company Indus Holding intends to pay its shareholders a significantly higher dividend for the past financial year. After 80 cents per share in the previous year, the Management Board is proposing a distribution of 1.20 euros per share for 2023, as the company, which is listed in the second-tier index SDax, announced in Bergisch Gladbach on Wednesday. Analysts had expected an average of only around 96 cents.

The Management Board also confirmed the turnover and operating result that it had already published in mid-February on the basis of preliminary figures. Revenue remained at 1.8 billion euros in a difficult environment, while earnings before interest and taxes (EBIT) rose by around twelve percent to just under 150 million euros.

For 2024, the Indus management expects turnover of 1.85 to 1.95 billion euros and an operating result (EBIT) of between 145 and 165 million euros. "Overall, the economic outlook for 2024 remains cautious," said CEO Johannes Schmidt according to a statement on Wednesday./ngu/stw