INDUS Holding AG's Q1 2025 Performance Amid Economic Challenges

INDUS Holding AG experienced a challenging first quarter in 2025, impacted by the broader economic environment. Sales figures stood at €402.4 million, marking a 1.9% decline compared to the same period in 2024. Adjusted EBITA also saw a significant drop of 21% to €24.9 million. These results were expected due to ongoing supply chain issues, exacerbated by US tariff policies and Chinese countermeasures, particularly concerning tungsten exports affecting INDUS’s major subsidiary, BETEK.

Despite these hurdles, INDUS showed resilience with order intake and backlog growth, primarily attributed to its Engineering segment. The company reinforced its market position with three acquisitions, investing €11.2 million. Furthermore, their solid balance sheet boasted a 38.8% equity ratio by the end of March 2025. Looking ahead, INDUS targets sales between €1.70 and €1.85 billion for the full year, adjusting expectations in response to the current economic climate.