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GESCO AG
Regulatory Filings • Jun 25, 2019
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Ad-hoc | 25 June 2019 13:45
GESCO AG: Forecast for the new financial year
Gesco AG / Key word(s): Forecast/Forecast
GESCO AG: Forecast for the new financial year
25-Jun-2019 / 13:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Wuppertal, 25.06.2019 – The Management Board of GESCO AG today approved the forecast for the new financial year, which began on 1 April 2019. The Management Board and Supervisory Board of the company will propose to the Annual General Meeting on 29 August 2019 that the financial year of GESCO AG be changed to the calendar year and thus aligned with the financial years of the subsidiaries. Subject to the approval of the Annual General Meeting and the timely entry of the amendment to the Articles of Association in the commercial register, GESCO AG will report an abbreviated financial year for the current financial year from 1 April to 31 December 2019, in which the subsidiaries will be consolidated for twelve months and GESCO AG for nine months. For this abbreviated financial year, the Management Board expects Group sales of between EUR 585 million and EUR 605 million and Group net income after minority interest of between EUR 22.5 million and EUR 24.5 million.
In the interest of comparability of the financial statements, GESCO AG also publishes an outlook on the basis of a full new financial year in which both the subsidiaries and GESCO AG will be included for twelve months. In this outlook, Group sales are expected to be between EUR 585 million and EUR 605 million and Group net income after minority interest between EUR 21 million and EUR 23 million.
In the financial year 2018/2019 (01.04.2018-31.03.2019) Group sales amounted to EUR 574.5 million and Group net income after minority interest amounted to EUR 26.6 million.
At the Annual Press Conference on June 27, 2019, the Company will provide further information on the financial statements for financial year 2018/2019 and the outlook for the new financial year.
The key figures Group sales and Group net income after minority interest are used as in the consolidated financial statements of GESCO AG as at 31 March 2018, available on the Internet at http://www.gesco.de/financial-reports.
Contact:
Head of Investor Relations, Oliver Vollbrecht
Tel. +49-202 24820-18
Fax +49-202 24820-49
E-Mail: [email protected]
Internet: www.gesco.de
25-Jun-2019 CET/CEST 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 |
| EQS News ID: | 830557 |
| End of Announcement | DGAP News Service |