INDUS Holding AG: INDUS announces non-cash write-downs on goodwill and on property, plant and equipment in the Automotive Technology segment
Disclosure of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014
Key Word: Change in Forecast
INDUS announces non-cash write-downs on goodwill and on property, plant and equipment in the Automotive Technology segment Bergisch Gladbach, 7 November 2019 - In the third quarter of 2019, INDUS Holding AG recognized non-cash write-downs on goodwill and on property, plant and equipment in the amount of EUR 12.5 million in the consolidated financial statements. These write-downs exclusively relate to the Automotive Technology segment. They are the result of the poorer outlook of the entities affected by the write-downs, which became apparent during the current planning process and the subsequent impairment tests.
In line with the forecast of 14 October 2019, the Board of Management continues to project operating earnings before interest and taxes (EBIT) before impairment of between EUR 129 million and EUR 135 million for the full year 2019. Taking the write-downs into account, earnings before interest and taxes are expected to amount to between EUR 116 million and EUR 122 million.
EBIT are composed as shown on page 12 of the H1 2019 Interim Report of INDUS Holding AG.
The complete Interim Report for Q3 2019 will be published on 14 November 2019.Contact: Mandy Lange & Julia Pschribülla Public Relations & Investor Relations INDUS Holding AG Kölner Straße 32 51429 Bergisch Gladbach Germany Tel +49 (0) 022 04 / 40 00-31 Tel +49 (0) 022 04 / 40 00-66 E-mail email@example.com E-mail firstname.lastname@example.org www.indus.de
07-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: INDUS Holding AG Kölner Straße 32 51429 Bergisch Gladbach
Germany Phone: +49 (0)2204 40 00-0 Fax: +49 (0)2204 40 00-20 E-mail: email@example.com Internet: www.indus.de ISIN: DE0006200108 WKN: 620010 Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange EQS News ID: 907721 End of Announcement DGAP News Service
907721 07-Nov-2019 CET/CEST