Mediaboss Marketing

DGAP-News: INDUS Holding AG / Key word(s): Quarter Results INDUS reports strong third quarter

21.11.2013 / 08:00

=--------------------------------------------------------------------

INDUS reports strong third quarter

- Results for Q3: Sales revenues EUR 314.3 million, EBIT EUR 32.3 million, EBIT margin 10.3%

- Positive performance expected to continue in 2014

Bergisch Gladbach, 21 November 2013 - The business of INDUS Holding AG improved from quarter to quarter in 2013. Consolidated sales revenues increased to EUR 887.1 million at the nine-month stage (Q1-Q3 2012: EUR 830.0 million). INDUS generated EBIT of EUR 85.3 million (Q1-Q3 2012: EUR 81.2 million) and an EBIT margin of 9.6% (Q1-Q3 2012: 9.8%). At EUR 43.5 million, net income for the period clearly exceeded the prior year level (Q1-Q3 2012: EUR 37.9 million).

INDUS grows as announced at the beginning of the year

Sales revenues of the INDUS Group have grown by approx. 7% in the year to date. This growth is attributable both to the partial consolidation of the six new acquisitions and to additional organic growth. The strongest growth was reported in the Mechanical Engineering segment, where the two largest new additions, BUDDE and ELTHERM, were consolidated for the first time. Due to depreciation effects from the first-time consolidation, the operating results of these companies are included in the segment results only to a limited extend. Earnings before interest and taxes (EBIT) of the Mechanical Engineering segment nevertheless increased by 20%. The Vehicle Engineering segment also showed an above-average performance, with sales revenues growing by 6% and earnings up by approx. 40%, which reflects the profit-enhancing measures announced at the beginning of the year. The Medical Engineering segment performed reliably and generated a strong margin. The Construction/Infrastructure segment reported particularly strong growth in the third quarter, thus offsetting the weakness of the beginning of the year. As a result, sales revenues and earnings of this segment reached the prior year level at the nine-month stage. Metal Engineering showed a similar performance, whose sales revenues increased by approx. 2%; due to minor one-time effects and price pressure, the segment's margin declined moderately, however.

Cash flow increases, net debt and equity capital remain stable

Follow this link:
PRESS RELEASE: INDUS reports strong third quarter

WASHINGTON - Google Inc Executive Chairman Eric Schmidt has a bold prediction: Censorship around the world could end in a decade, and better use of encryption will help people overcome government surveillance.

In a lecture at Johns Hopkins University on Wednesday, the executive of the world's biggest web search company made a pitch for ending censorship in China and other countries with restricted freedom of speech by connecting everyone to the Internet and protecting their communication from spying.

"First they try to block you; second, they try to infiltrate you; and third, you win. I really think that's how it works. Because the power is shifted," he said.

"I believe there's a real chance that we can eliminate censorship and the possibility of censorship in a decade."

Schmidt has long spoken out against limitations to the freedom of expression and restricted Internet access around the world. Earlier this year, he travelled to North Korea, a country disconnected from the rest of the world, to promote the cause.

"It's clear that we failed. But we'll try again. We have not been invited back," he said of the personal trip, the timing of which was later criticised by the US State Department as being not helpful because it came shortly after North Korea's launch of a long-range rocket.

The goal for North Korea, Schmidt said, was not democracy for now but to merely get the people to connect with the rest of the world: "My view is that if we can get some connectivity, then they'll begin to open the country, they'll begin to understand other systems."

On the home front, too, Google is now one of several tech companies embroiled in the controversy over the reach of US government spying. Top secret documents disclosed by former spy agency contractor Edward Snowden have suggested the National Security Agency has tapped Google's and others' communications links to aid in its gathering of intelligence.

Schmidt at the time said that the NSA's activity, if true, was outrageous and potentially illegal.

Google, at which Schmidt served as CEO until 2011, has faced its own criticism for intercepting data over the years. The company acknowledged in 2010 that a fleet of cars it operates to map the world's streets had mistakenly collected passwords and other personal data from home consumers' wireless networks over a two year-period.

Read more:
Google chief predicts end of censorship within a decade

Trials Evolution: With Friends Ep-005 #39;All The Censorship! #39;
Join my friends and I, as we go on a magical adventure. Carrying along, our 600Lb metal death machine, as we race to the finish line. Don #39;t forget to like, d...

By: lukevader1

Follow this link:
Trials Evolution: With Friends Ep-005 'All The Censorship!' - Video

Raw Deal: Raw Milk Farmers Fight Censorship
In Oregon, it is perfectly legal for farmers to sell raw—or unpasteurized—milk...so long as they don #39;t talk about it. If they do, they face huge fines and ja...

By: InstituteForJustice

Go here to see the original:
Raw Deal: Raw Milk Farmers Fight Censorship - Video

Museum Of Censorship by MARCH on LBCI News
The Virtual Museum Of Censorship: http://www.museumofcensorship.org MARCH Ngo: https://www.facebook.com/marchlebanon.

By: MARCH LEBANON

Go here to read the rest:
Museum Of Censorship by MARCH on LBCI News - Video