INDUS Holding AG: Upgraded Guidance and Positive Outlook

INDUS Holding AG has raised its guidance significantly following strong performance in Q2 2026. The company expects to achieve revenues between €1.9-2.1 billion and adjusted EBITA of €220-260 million, a marked increase from previous forecasts, attributing this mainly to Material Solutions and a special situation in tungsten products.

Preliminary Q2 revenue increased by 20.6% year-over-year to €523.7 million, far exceeding expectations. This rise was largely driven by portfolio company BETEK, which capitalized on supply shortages and secured high-margin orders. Adj. EBITA skyrocketed by 160.5% to €81 million, raising the margin to 15.3% from 8.2% the previous year.

Analysts project a doubling of EPS to €5.5 per share for FY26, linked to restricted Chinese exports and robust tungsten demand. The situation could offer room for further growth initiatives or enhanced shareholder returns.