Upcoming Dividend • May 28
Upcoming dividend of €1.30 per share Eligible shareholders must have bought the stock before 04 June 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 47% and the cash payout ratio is 87%. Trailing yield: 4.2%. Lower than top quartile of Italian dividend payers (4.5%). Higher than average of industry peers (2.0%). New Risk • May 13
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 13
First quarter 2026 earnings released: EPS: €0.64 (vs €0.64 in 1Q 2025) First quarter 2026 results: EPS: €0.64 (up from €0.64 in 1Q 2025). Revenue: €446.6m (up 11% from 1Q 2025). Net income: €15.9m (flat on 1Q 2025). Profit margin: 3.6% (down from 3.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • May 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Declared Dividend • Apr 30
Dividend increased to €1.30 Dividend of €1.30 is 8.3% higher than last year. Ex-date: 4th June 2026 Payment date: 9th June 2026 Dividend yield will be 4.3%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Apr 23
INDUS Holding AG, Annual General Meeting, Jun 03, 2026 INDUS Holding AG, Annual General Meeting, Jun 03, 2026, at 10:30 W. Europe Standard Time. Declared Dividend • Mar 26
Dividend increased to €1.30 Dividend of €1.30 is 8.3% higher than last year. Ex-date: 4th June 2026 Payment date: 8th June 2026 Dividend yield will be 4.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Mar 25
INDUS Holding AG announces Annual dividend, payable on June 08, 2026 INDUS Holding AG announced Annual dividend of EUR 1.3000 per share payable on June 08, 2026, ex-date on June 04, 2026 and record date on June 05, 2026. New Risk • Jan 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (70% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.3% average weekly change). Duyuru • Dec 23
INDUS Holding AG (XTRA:INH) signed a purchase agreement to acquire 80% stake in Pro Video Handelsges. Mbh Berlin Broadcast- Und Konferenztechnik from Randolf Klann, Jörg Lütjen and Michael Bonewald. INDUS Holding AG (XTRA:INH) signed a purchase agreement to acquire 80% stake in Pro Video Handelsges. Mbh Berlin Broadcast- Und Konferenztechnik from Randolf Klann, Jörg Lütjen and Michael Bonewald on December 22, 2025.
The transaction is subject to subject to antitrust regulations.
Sebastian Kalb, Verena Hellmund and Simon Kohm of LOSCHELDER RECHTSANWÄLTE acted as legal advisor for INDUS Holding AG. Peter Koelen and Katharina Luig of KL&P GmbH Wirtschaftsprüfungsgesellschaft acted as accountant for INDUS Holding AG. Randolf Klann, Jörg Lütjen and Michael Bonewald were advised by IOM Advisory and GÖHMANN Rechtsanwälte und Notare. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: €1.33 (vs €0.68 in 3Q 2024) Third quarter 2025 results: EPS: €1.33 (up from €0.68 in 3Q 2024). Revenue: €447.8m (flat on 3Q 2024). Net income: €33.2m (up 89% from 3Q 2024). Profit margin: 7.4% (up from 3.9% in 3Q 2024). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €25.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Industrials industry in Europe. Total returns to shareholders of 30% over the past three years. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: €0.50 (vs €0.83 in 2Q 2024) Second quarter 2025 results: EPS: €0.50 (down from €0.83 in 2Q 2024). Revenue: €438.2m (up 2.0% from 2Q 2024). Net income: €12.3m (down 43% from 2Q 2024). Profit margin: 2.8% (down from 5.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Duyuru • May 29
INDUS Holding AG Approves Dividend for the Year 2024 INDUS Holding AG at its AGM held on 27 May 2025, in all voting items on the agenda, a large majority of the shareholders approved the proposals made by the Board of Management and the Supervisory Board. The dividend of EUR 1.20 per share (previous year: EUR 1.20) approved by the Annual Shareholders’ Meeting underlines INDUS’ position as a reliable dividend stock. The dividend yield increases to 5.9% per share (previous year: 5.4%), with a total distribution of EUR 29.9 million. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: €0.64 (vs €0.38 in 1Q 2024) First quarter 2025 results: EPS: €0.64 (up from €0.38 in 1Q 2024). Revenue: €403.6m (down 1.9% from 1Q 2024). Net income: €15.8m (up 56% from 1Q 2024). Profit margin: 3.9% (up from 2.5% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Declared Dividend • May 14
Dividend of €1.20 announced Dividend of €1.20 is the same as last year. Ex-date: 28th May 2025 Payment date: 2nd June 2025 Dividend yield will be 5.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • Apr 17
Dividend of €1.20 announced Dividend of €1.20 is the same as last year. Ex-date: 28th May 2025 Payment date: 30th May 2025 Dividend yield will be 5.0%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Apr 15
INDUS Holding AG, Annual General Meeting, May 27, 2025 INDUS Holding AG, Annual General Meeting, May 27, 2025, at 10:30 W. Europe Standard Time. Duyuru • Mar 25
INDUS Holding AG Proposes Dividend for the Financial Year 2024 For the financial year 2024, the Board of Management and the Supervisory Board of INDUS Holding AG will propose a dividend of EUR 1.20 per share to the Annual Shareholders’ Meeting on 27 May 2025 (previous year: EUR 1.20 per share). This corresponds to a dividend yield of 5.9% (previous year: 5.4%) based on the 2024 year-end closing price and a payout ratio of 38.4% (previous year: 38.3%).