EANS-Adhoc: GESCO increases guidance again and predicts higher dividends
-------------------------------------------------------------------------------- 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. --------------------------------------------------------------------------------
08.02.2011
Wuppertal, 8 February 2011 - Dynamic developments experienced by GESCO Group in the first half of the year continued in the third and fourth quarters. Based on this trend, GESCO AG once again increases its guidance for the 2010/2011 financial year (1 April 2010 to 31 March 2011). The forecast was raised in November 2010, calling for Group sales of EUR 325 million and Group net income after minority interest of EUR 12.5 million with earnings per share according to IFRS of EUR 4.13.
Now the company expects Group sales of approximately EUR 334 million, which corresponds to an increase of 20 % compared to EUR 277.7 million for the previous year. Group net income after minority interest is expected to total EUR 15 million, which is 69 % higher than the value of EUR 8.9 million for the previous year. The outlook for earnings per share according to IFRS is raised to EUR 4.96 (previous year EUR 2.95).
Based on this forecast, the company expects to pay significantly higher dividends, compared to EUR 1.30 per share for the previous year.
The complete nine-month report for the current 2010/2011 financial year will be published on 15 February 2011.
GESCO AG Investor Relations Oliver Vollbrecht Phone: +49 202 24820 18 Fax +49 202 24820 49 Email: info@gesco.de Website: 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