INDUS Holding AG reported earnings results for the first quarter of 2016. For the quarter, sales revenues of the company increased by 1.5% to EUR 332.8 million from EUR 327.9 million reported in the same period of the previous year. Earnings before interest and taxes (EBIT) reached EUR 30.5 million from EUR 31.5 million reported last year. Adjusted for effects from company acquisitions (essentially depreciation from purchase price allocations), EBIT stood at EUR 32.6 million against EUR 33.5 million reported last year. At EUR 16.0 million, earnings after taxes were slightly higher than in the previous year against EUR 15.9 million reported last year. The increase in sales revenues is primarily attributable to growth in the Construction/Infrastructure segment, whereas the other segments initially felt the weaker demand at the beginning of the year. Operating cash out flow amounted to EUR 6.3 million against operating cash flow of EUR 3.5 million reported last year.

The INDUS Board of Management therefore confirms its forecast for the full year, according to which sales revenues will climb to over EUR 1.4 billion and earnings before interest and taxes (EBIT) will come in at between EUR 134 million and EUR 138 million.