EANS-Adhoc: GESCO has earned EUR 5.05 per share and plans to distribute EUR 2.00 dividend
-------------------------------------------------------------------------------- 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. --------------------------------------------------------------------------------
24.05.2011
Wuppertal, 24 May 2011 - GESCO Group recorded strong growth in financial year 2010/2011 (1 April 2010 to 31 March 2011) and significantly increased sales and earnings. According to the as yet unapproved figures, Group sales came to EUR 335.2 million (previous year: EUR 277.7 million), Group net income after minority interest to EUR 15.3 million (EUR 8.9 million) and earnings per share pursuant to IFRS to EUR 5.05 (EUR 2.95).
These figures slightly exceed the last increased guidance from February 2011, which forecast Group sales of EUR 334 million and Group net income after minority interest of EUR 15 million.
Based on these preliminary figures, the Executive Board plans to propose a dividend of EUR 2.00 per share. The dividend would therefore be around 54 % up on the previous year´s distribution of EUR 1.30.
The financial statements for 2010/2011 and the guidance for financial year 2011/2012 will be announced at the accounts press conference and analysts´ meeting on 7 June 2011.
GESCO AG Investor Relations Oliver Vollbrecht Phone: +49 (0)202 24820 18 Fax: +49 (0)202 24820 49 E-mail: info@gesco.de Internet: www.gesco.de
end of announcement euro adhoc --------------------------------------------------------------------------------
issuer: GESCO AG
Johannisberg 7
D-42103 Wuppertal
phone: +49(0)202 24820 0
FAX: +49(0)202 24820 49
mail: info@gesco.de
WWW: http://www.gesco.de
sector: Economy, Business & Finance
ISIN: DE0005875900
indexes: SDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: EnglishContact:
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