BERGISCH-GLADBACH (dpa-AFX) - The investment company Indus Holding has achieved its annual targets, which were lowered in November, in a difficult economic environment. Sales remained stable at 1.80 billion euros in 2023 and earnings before interest and taxes (EBIT) rose by around 12 percent to just under 150 million euros, as the company, which is listed in the second-tier stock index SDax, announced on Wednesday evening. On average, analysts had expected slightly higher sales but slightly lower profits.

For 2024, the Indus management expects turnover of 1.85 to 1.95 billion euros and an operating result of between 145 and 165 million euros. The macroeconomic conditions for the company's own investments will once again be challenging in 2024, said CEO Johannes Schmidt according to the press release. The full financial statements for the 2023 financial year are expected to be published on March 20./mis/gl