INDUS Holding Issues Cautious Outlook For 2012 - Quick Facts

7/3/2012 10:27 AM ET

INDUS Holding AG (INHG: Quote) Tuesday issued a cautious outlook for the year 2012 after having achieved record results in the year 2011.

At the Annual General Meeting of the company in Cologne, the new CEO Jurgen Abromeit confirmed the forecast for the year 2012. ""2012 will be another good year for the INDUS Group - but it will not be a record year like 2011. We plan for our sales revenues to pass the one billion euro mark again. But our earnings forecast is more cautious. An EBIT margin of 10 percent remains an ambitious target, which we will be able to reach only if economic activity picks up as the year progresses and if we can ease the burdens on the cost side," - cautioned Jurgan Abromet.

At the meeting a large number of shareholders approved a dividend increase to EUR 1.00 per share for the year, higher than a dividend of EUR 0.90 per share paid for the previous year.

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by RTT Staff Writer

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