INDUS Holding AG
INDUS Holding AG: INDUS Holding AG recognizes non-cash impairment losses on goodwill as well as write-downs on property, plant and equipment and deferred tax assets in the Automotive Technology and Metals Technology segments in its interim financial state
INDUS Holding AG / Key word(s): Interim Report/Quarter Results Disclosure of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014 Keywords: Interim Report, Quarterly Results INDUS Holding AG recognizes non-cash impairment losses on goodwill as well as write-downs on property, plant and equipment and deferred tax assets in the Automotive Technology and Metals Technology segments in its interim financial statements The Board of Management also adopted measures to streamline unprofitable operations. In the financial statements for the first six months, these measures lead to write-downs on property, plant and equipment and deferred tax assets as well as the formation of provisions in the total amount of around EUR 12.5 million. Approx. EUR 7.9 million thereof is attributable to the Automotive Technology segment, while the Metals Technology segment accounts for approx. EUR 4.6 million. In total, non-cash write-downs of approx. EUR 42.8 million and cash charges of approx. EUR 1.3 million are therefore reported in the interim consolidated financial statements. The write-downs will affect various key performance indicators such as earnings after interest and taxes (EBIT), earnings after taxes and the equity ratio. The full report on the first six months of 2020 will be published on 6 August 2020. Contact: Dafne Sanac & Jana Külschbach Investor Relations & Public Relations INDUS Holding AG Kölner Straße 32 51429 Bergisch Gladbach Germany Tel +49 (0) 022 04 / 40 00-32 Tel +49 (0) 022 04 / 40 00-35 E-Mail investor.relations@indus.de E-Mail presse@indus.de www.indus.de
07-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | 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: | indus@indus.de |
Internet: | www.indus.de |
ISIN: | DE0006200108 |
WKN: | 620010 |
Indices: | SDAX |
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: | 1088509 |
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