INDUS Q3 results show strong adjusted EBITA of €48.1m, despite lower sales. Guidance confirmed, with potential for further M&A growth. Maintain BUY rating, €34.0 price target.
13 Nov 2025
Q3 results surprise with significantly stronger bottom-line
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Q3 results surprise with significantly stronger bottom-line
INDUS Q3 results show strong adjusted EBITA of €48.1m, despite lower sales. Guidance confirmed, with potential for further M&A growth. Maintain BUY rating, €34.0 price target.