INDUS Group Reports Strong Q3 2025 Performance with 10% Earnings Growth and Rising Orders

INDUS Group reported significant financial improvements in the third quarter of 2025, with earnings climbing 10.1% to EUR 48.1 million compared to the previous year's EUR 43.7 million. The German investment company achieved its highest quarterly revenue of the year at EUR 437.4 million, nearly matching the previous year's EUR 443.1 million despite ongoing macroeconomic challenges.

The adjusted EBITA margin strengthened to 11.0%, a notable improvement from 9.9% in the same period last year, while EBIT increased to EUR 43.3 million from EUR 31.8 million. Dr. Johannes Schmidt, Chairman of the INDUS Group's Board of Management, attributed the positive performance to effective cost management, noting that quarterly earnings reached their highest level since early 2024.

Incoming orders showed particularly strong momentum, rising 17.2% year-over-year, indicating robust future business prospects. For the first nine months of 2025, revenue totaled EUR 1.274 billion, nearly level with the previous year's EUR 1.282 billion despite difficult market conditions. Adjusted EBITA for the nine-month period reached EUR 104.2 million with an 8.2% margin.

Earnings per share saw substantial improvement, climbing to EUR 2.46 from EUR 1.89 in the previous year, supported by increased earnings after taxes of EUR 61.9 million compared to EUR 50.0 million. This performance included approximately EUR 8 million in non-recurring tax income reported earlier in the year.

All three business segments demonstrated positive earnings development. The Engineering segment companies increased incoming orders by 35.5% in the first three quarters, with notable orders for long-term plant engineering projects. The segment was strengthened by strategic acquisitions including stud welding specialist HBS and its US subsidiary SUNBELT, along with US precision metal manufacturer METFAB.

The Infrastructure segment defied market trends with revenue rising to EUR 453.5 million in the first nine months from EUR 425.2 million previously. The segment completed its third acquisition this year with formwork specialist TRIGOSYS, finalized on October 31, 2025. The Materials Solutions segment showed a clear upward trend in the third quarter, with segment earnings reaching EUR 16.4 million, significantly higher than the previous year's EUR 12.6 million.

Free cash flow showed strong improvement in the third quarter, increasing by approximately EUR 67 million to EUR 66.6 million compared to EUR 30.7 million in the previous year. For the first nine months, free cash flow totaled EUR 58.7 million, while the equity ratio stood at 37.4% as of September 30, 2025.

The company maintained its full-year guidance, projecting Group revenue between EUR 1.70 billion and EUR 1.85 billion and earnings between EUR 130 million and EUR 165 million. The adjusted EBITA margin is expected to range from 7.5% to 9.0%, with free cash flow projected to exceed EUR 90 million for the full year.

International revenue now accounts for 52% of total revenue, reflecting the success of INDUS's EMPOWERING MITTELSTAND strategy that emphasizes internationalization, acquisitions, and engineering competence as key growth drivers. The company has added five acquisitions to its portfolio in 2025, including deals in Sweden and the United States, with more transactions expected by year-end. The full interim report provides additional details about the company's performance and can be accessed through their corporate website at www.indus.eu.