EANS-News: GESCO Annual General Meeting: Executive Board confirms positive outlook
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
Annual & Special Corporate Meetings
Wuppertal (euro adhoc) - Wuppertal, 2 September 2010 - Today´s Annual General Meeting of GESCO AG has approved a dividend of EUR 1.30 per share for the past financial year 2009/2010. The year of the recession was clearly profitable for the Group which achieved Group net income after minority interest of EUR 8.9 million.
During the Annual General Meeting, the Executive Board confirmed plans for the current 2010/2011 financial year (1 April 2010-31 March 2011) which had been published in June 2010. The Group is anticipating Group sales between EUR 290 and 320 million and Group net income after minority interest of EUR 9 to 11 million. Already in its report for the first quarter on 12 August, 2010, GESCO AG had pointed out the surge in incoming orders and a continuation of this positive development in the second quarter.
Points on the agenda of today's Annual General Meeting included authorisation to buy back own shares, approving the new system of Executive Board remuneration and electing new members to the Supervisory Board. All agenda points were adopted as proposed with vast majority. Mr. Willi Back, Mr. Klaus Möllerfriedrich and Mr. Rolf-Peter Rosenthal were confirmed as members of the Supervisory Board.
About GESCO AG GESCO AG is a financial holding for a group of industrial SMEs. It acquires successful, established niche providers, mainly in the form of a business succession agreement, with the objective of retaining long-term involvement in the companies while developing their business. GESCO AG is listed on the Prime Standard and SDAX and offers private and institutional investors the opportunity of accessing SMEs.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Oliver Vollbrecht
Leiter Investor Relations
T.: +49(0)202 24820 18
info@gesco.de
Branche: Economy, Business & Finance
ISIN: DE0005875900
WKN: 587590
Index: SDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
Original-Content von: GESCO AG, übermittelt durch news aktuell