INDUS Holding AG Showcases Resilience Amid Market Challenges

INDUS Holding AG, facing a challenging market landscape, maintains its growth trajectory despite geopolitical tensions and cyclical difficulties. Parmantier & Cie. GmbH, in their analysis dated May 19, 2025, reaffirms a Buy recommendation with a target price of €32.25 for the stock.

In Q1 2025, INDUS experienced a 1.9% revenue decline to €402.4 million, with adjusted EBITA falling 21% to €24.9 million. This drop is linked to U.S. tariff policies and Chinese export controls on tungsten, affecting their subsidiary BETEK. However, order intake increased by 2.6%, reaching €455.1 million, bolstered by strategic acquisitions of HBS, Kettler, and Electro Trading.

Despite temporary challenges, the company's strategic focus on resilient SMEs and forward-looking technologies underpins its growth strategy. INDUS remains a promising investment due to its defensive platform, portfolio management, and sustainable dividend policy.