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GESCO AG
Earnings Release • May 30, 2018
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Earnings Release
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News Details
Corporate | 30 May 2018 13:29
GESCO increases earnings significantly and announces dividend increase from EUR 0.35 to EUR 0.60 per share
DGAP-News: Gesco AG / Key word(s): Dividend/Dividend
30.05.2018 / 13:29
The issuer is solely responsible for the content of this announcement.
Wuppertal, 30 May 2018 – According to as yet unaudited figures, the Prime Standard-listed company GESCO AG achieved the objectives it recently communicated for sales and earnings in financial year 2017/2018 (1 April 2017 to 31 March 2018). At EUR 547.2 million, group sales were a good 13 % up on the previous year’s figure of EUR 482.5 million. Group net income after minority interest recorded an even stronger increase to EUR 16.1 million, more than double the previous year’s figure of EUR 7.9 million. These figures are in line with the outlook updated recently, on 4 May 2018, of around EUR 545 million for group sales and around EUR 16.0 million for group net income after minority interest.
On the basis of these preliminary figures, the Executive Board expects that a dividend of EUR 0.60 per share for financial year 2017/2018 will be recommended to the Annual General Meeting, which will be held on 30 August 2018. That would put the dividend payout 70 % above the previous year’s figure of EUR 0.35 per share.
The Executive Board expects sales growth and a strong, clearly disproportionately high increase in earnings for the new financial year 2018/2019 (1 April 2018 to 31 March 2019), supported by the broad portfolio.
The company will be publishing the financial statements for financial year 2017/2018 as well as a definite outlook for the new financial year 2018/2019 at the annual accounts press conference on 28 June 2018.
About GESCO
GESCO AG is an industrial group made up of market and technology leading companies in the capital goods industry. Its focus is on production process technology, resource technology, healthcare and infrastructure technology and mobility technology. As a stock company listed in the Prime Standard, GESCO AG offers private and institutional investors access to a portfolio of hidden champions among Germany’s industrial SMEs.
Investor Relations – Oliver Vollbrecht
Tel. +49 (0) 202 24820-18 – Fax +49 (0) 202 24820-49
E-mail: [email protected] – Website: www.gesco.de
30.05.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Gesco AG |
| Johannisberg 7 | |
| 42103 Wuppertal | |
| Germany | |
| Phone: | +49 (0)202 248200 |
| Fax: | +49 (0)202 2482049 |
| E-mail: | [email protected] |
| Internet: | www.gesco.de |
| ISIN: | DE000A1K0201 |
| WKN: | A1K020 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |