Based on the preliminary consolidated figures for the first quarter of 2020, INDUS Holding AG expected for the first quarter of 2020 consolidated sales of EUR 401.2 million (first quarter of 2019: EUR 437.6 million), an operating profit (EBIT) of EUR 16.0 million (first quarter of 2019: EUR 33.6 million) and earnings after taxes of EUR 8.9 million (first quarter of 2019: EUR 19.9 million).

Due to the macroeconomic impact of the COVID-19 pandemic, the effects on planning for the rest of the year 2020 cannot be reliably quantified anymore at the moment. From now onwards perspective the Management Board assumes that the forecast for 2020 communicated on 30 March 2020 on page 116 of the Annual Report 2019 will not be achieved. The company will publish an updated forecast as soon as this is reliably possible.