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EQS-News: INDUS Holding AG / Key word(s): AGM/EGM
Annual Meeting of INDUS Shareholders focuses on scope for growth
2024-05-22 / 17:10 CET/CEST
The issuer is solely responsible for the content of this announcement.
Annual Meeting of INDUS Shareholders focuses on scope for growth
. Dividend payment of EUR 1.20 per share resolved
. All agenda items adopted by a large majority
Bergisch Gladbach, 22 May 2024 - At today's Annual Shareholders' Meeting of INDUS Holding AG at Koelnmesse's Congress
Centre North, a large majority of the shareholders approved all proposals made by the management for all voting items
on the agenda. The attending shareholders represented around 54 percent of the registered share capital. This year, the
Annual Shareholders' Meeting was held as a physical meeting again.
In his speech, Dr. Johannes Schmidt, Chairman of the Board of Management of INDUS Holding AG, emphasized the SME
Group's great scope for growth, especially in fields that will be important in the future: "We're closely analyzing
what the market will need in the future. Let's take artificial intelligence for example: AI will permanently change all
the processes at our portfolio companies. Our task is to invest wisely and to identify and implement the right
applications." INDUS supports its portfolio companies with an AI initiative that includes both training programs and
development funds for specific AI projects. GESTALT AUTOMATION, a specialist in AI-supported automation solutions for
industrial applications, became part of the INDUS Group in March 2024.
Growth through future-oriented acquisitions and internationalization
In addition to the acquisition of GESTALT AUTOMATION, INDUS has added two further promising acquisitions to its
portfolio since the beginning of the year. GRIDCOM, a specialist for passive fiber-optic infrastructure components, and
COLSON X-Cel, a manufacturer of industrial valves for measurement and control engineering, are successful niche
providers in markets of the future. Together with QUICK Bauprodukte, a specialist in formwork and reinforcement
accessories, particularly for bridge construction, the latest acquisitions presented themselves to the shareholders at
an accompanying exhibition. INDUS plans to continue growing in 2024. "It is a good time to buy companies," said
Schmidt. "We haven't seen such a wealth of interesting projects for some time. And hidden champions in future fields
can be had for a reasonable price again."
In his speech, Schmidt also emphasized internationalization as an important factor in the development of the INDUS
portfolio companies: "We're currently witnessing an increasing decoupling of the major power and economic blocks. That
means it is all the more important for our portfolio companies to establish a local presence in the markets that are
interesting for them, always with a 'local-for-local' approach."
He clearly criticized the current burden placed on companies by increasing regulation and bureaucracy in Germany and
the EU: "I fully support the aims of these reporting obligations. But we would prefer to focus on the actual
implementation of measures rather than on excessive reporting. It is my hope that a greater measure of common sense
will return to politics, both at the European and German level. This unabated regulation frenzy does not create
competitive advantages - as is claimed - but definitely competitive disadvantages."
INDUS remains a reliable dividend stock
The Board of Management and the Supervisory Board had proposed the payment of a significantly higher dividend of
EUR 1.20 per eligible share than in the previous year (EUR 0.80). This corresponds to a dividend yield of 5.4%
(previous year: 3.6%). In the financial year 2023, the INDUS portfolio companies increased their operating income
(EBIT) to EUR 149.6 million (previous year: EUR 133.7 million) despite difficult economic conditions. The Annual
Shareholders' Meeting approved the dividend proposal by a large majority. It was thus resolved to distribute a total
amount of around EUR 31.0 million (previous year: EUR 21.5 million). "Following the restraint of recent years - with
good reason - we are once again demonstrating that we are an attractive dividend stock," said Schmidt.
The actions of the Board of Management and the Supervisory Board were fully approved and PricewaterhouseCoopers GmbH,
Wirtschaftsprüfungsgesellschaft, Frankfurt am Main, was reappointed as auditor of the separate financial statements and
the consolidated financial statements for the financial year 2024. The Annual Shareholders' Meeting also approved the
compensation report for the financial year 2023 and adopted an amendment to the Articles of Incorporation regarding the
future compensation of the Supervisory Board members. A further amendment to the Articles of Incorporation regarding
the right to participate in the Annual Shareholders' Meeting was necessary due to a change in the law: The record date
for proof of share ownership now relates to the close of business on the 22nd day prior to the Annual Shareholders'
Meeting rather than the beginning of the 21st day as previously. The Annual Shareholders' Meeting approved the
conclusion of a control and profit and loss transfer agreement between INDUS Holding AG and INDUS Omega GmbH.
For further information on the Annual Shareholders' Meeting, the speech by the Chairman of the Board of Management, Dr.
Johannes Schmidt, and the voting results, click here.

About INDUS Holding AG:
Established in 1989 and headquartered in Bergisch Gladbach, INDUS Holding AG is a leading specialist for sustainable
corporate development in the German-speaking SME sector. INDUS acquires two to three technology-oriented and promising
industrial engineering companies for the Engineering, Infrastructure, and Materials segments annually. As a
value-driven investment company with a clear focus on defined growth topics, INDUS provides its 44 operationally
independent portfolio companies with active, long-term support in their corporate development, especially in the fields
of innovation, market excellence, operational excellence, and sustainability. SDAX-listed INDUS Holding AG has been
included in the Prime Standard of the Frankfurt Stock Exchange (DE0006200108) since 1995. INDUS generated sales of
around 1.8 billion euros in 2023. For more information, visit www.indus.de.

Note:
This press release contains forward-looking statements. These statements are based on the current views, expectations
and assumptions of the management of INDUS Holding AG and comprise known and unknown risks and uncertainties that could
cause actual results, performance or events to differ materially from those expressed or implied in such statements.
INDUS Holding AG assumes no obligation to update forward-looking statements.
Contact:
Nina Wolf & Dafne Sanac
Public Relations & Investor Relations
INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
Tel +49 (0) 022 04 / 40 00-73
Tel +49 (0) 022 04 / 40 00-32
E-mail presse@indus.de
E-mail investor.relations@indus.de
www.indus.de/en/
2024-05-22 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      INDUS Holding AG 

Kölner Straße 32
51429 Bergisch Gladbach
Germany

Phone:        +49 (0)2204 40 00-0 
Fax:          +49 (0)2204 40 00-20 
E-mail:       indus@indus.de 
Internet:     www.indus.de 
ISIN:         DE0006200108 
WKN:          620010 
Indices:      SDAX 
Listed:       Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, 

Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
EQS News ID: 1909079

End of News EQS News Service
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1909079 2024-05-22 CET/CEST

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END) Dow Jones Newswires

May 22, 2024 11:11 ET (15:11 GMT)