INDUS Holding AG Reports Strong Q1 Performance with Revenue and Income Growth

INDUS Holding AG has announced significant gains in revenue and adjusted EBITA in the first quarter of 2026. Revenue rose by 9.7% to EUR 441.6 million, surpassing last year's figure of EUR 402.4 million. Adjusted EBITA experienced a notable increase to EUR 42.5 million from EUR 24.9 million previously, marking an EBITA margin of 9.6% compared to last year's 6.2%. The group’s overall business performance aligned with expectations, with exceptional market conditions in the Materials Solutions segment boosting revenues.

Despite the challenging market environment, INDUS's strategic acquisitions in the Engineering segment boosted their portfolio. Revenue in this segment reached EUR 130.7 million, with strong incoming orders supporting expectations for future growth. The Infrastructure segment saw planned growth, while Materials Solutions benefited from a surge in tungsten carbide prices, contributing to revenue increase.

The hike in raw material prices led to higher working capital, negatively impacting free cash flow. However, INDUS remains optimistic about the full year, adjusting revenue and earnings guidance upward, though free cash flow projections have been moderated.