INDUS Holding AG Lowers 2025 Financial Projections

INDUS Holding AG has reduced its forecast for sales, adjusted EBITA, and EBITA margin for the 2025 financial year. Consolidated sales are now projected between EUR 1.70 billion and EUR 1.85 billion, down from a previous minimum of EUR 1.75 billion. Adjusted EBITA is anticipated to range between EUR 130 million and EUR 165 million, lower than the earlier prediction of EUR 150 million to EUR 175 million. The EBITA margin is expected to fall to between 7.5% and 9.0%.

This adjustment is a response to setbacks, including the disruptive U.S. customs policy enacted on April 2, 2025, known as "Liberation Day." Furthermore, China's extension of export controls on tungsten compounds also impacts INDUS, particularly affecting its portfolio company BETEK.

As licensing from China grows uncertain, revenue loss risks could reach EUR 20 to 40 million in late 2025, possibly reducing adjusted EBITA by EUR 8 to 15 million.