INDUS Holding AG reported earnings results for the first half of 2017. Sales revenues rose by EUR 88.6 million to EUR 803.5 million in the first half of 2017, up 12.4% on the prior year period (EUR 714.9 million). The increase is primarily attributable to organic growth in all segments. Earnings before interest and taxes (EBIT) climbed 4.9% to EUR 72.7 million (H1 previous year: EUR 69.3 million). Adjusted for the effects of company acquisitions, EBIT amounted to EUR 78.5 million (H1 previous year: EUR 75.5 million). Earnings per share climbed 5.3% from EUR 1.50 to EUR 1.58. Earnings after taxes rose by 5.4% from EUR 37.0 million in H1 2016 to EUR 39.0 million. As a result of the two acquisitions and an increase in working capital specifically planned for the spring, operating cash flow declined by EUR 21.5 million to EUR 9.8 million in the first six months.

The Board of Management expects the opposite effect for the second half of the 2017. At EUR 10.9 million, net cash used for interest payments was clearly below the previous year's EUR 14.0 million. The INDUS Board of Management has confirmed its forecast after the second quarter of 2017 and projects annual sales revenues to increase to over EUR 1.5 billion and earnings before interest and taxes (EBIT) to come in at between EUR 145 million and EUR 150 million.