EANS-Adhoc: GESCO remains profitable during the crisis and proposes a dividend of EUR 1.30 per share
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
26.05.2010
Wuppertal, 26 May 2010 - Despite the severe recession in Germany and many export markets, GESCO Group can look back on a distinctly profitable financial year 2009/2010 (1 April 2009 - 31 March 2010). Figures are still unaudited, but for now show Group sales of EUR 277.7 million (previous year: EUR 378.4 million), Group net income after minority interests of EUR 8.9 million (previous year: EUR 21.6 million) and earnings per share according to IFRS of EUR 2.95 (previous year: EUR 7.16)
These figures fall within the forecast range published at the accounts press conference and analysts´ meeting in June 2009, which anticipated Group sales of between EUR 280 million and EUR 310 million and Group net income after minority interests between EUR 7.0 million and EUR 10.5 million. While actual sales stayed around the lower end of this range, net income came in around the middle of the expected range. The margins were therefore better than anticipated.
Based on these preliminary figures, the Executive Board expects a proposed dividend of EUR 1.30 per share. The Company distributed EUR 2.50 per share in the previous year.
The financial statements for 2009/2010 and forecast for the financial year 2010/2011 will be presented at the accounts press conference and analysts´ meeting on 29 June 2010.
GESCO AG Investor Relations Oliver Vollbrecht Tel. +49 202 24820 18 Fax +49 202 24820 49 E-Mail: info@gesco.de Homepage: www.gesco.de
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 of: GESCO AG, transmitted by news aktuell