euro adhoc: GESCO AG
Earnings Forecast
GESCO AG increases financial
forecast: earnings per share of EUR 3.24
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
02.12.2005
Wuppertal, 2 December 2005 - At some GESCO Group companies, several large orders from customers have been brought forward to the current financial year. On aggregate, these have made a further increase necessary in the forecast for financial year 2005/2006 (01.04.2005-31.03.2006).
During the accounts press conference on 28 June 2005, GESCO announced a forecast which included a sales figure of EUR 205 million (previous year: EUR 192 million) and Group net income for the year of EUR 6.6 million (previous year: EUR 6.2 million). On 8 November 2005, this original forecast was increased to sales of approx. EUR 225 million and Group net income for the year of EUR 7.8 million.
Given the change in the order situation and the current favourable performance, we estimate sales of approx. EUR 229 million and Group net income for the year of around 8.9 million. Based on the total number of shares (2,749,000), this represents earnings per share of EUR 3.24.
end of announcement euro adhoc 02.12.2005 10:48:39
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: CDAX, Classic All Share, Prime All Share
Börsen: Baden-Württembergische Wertpapierbörse / regulated dealing
Frankfurter Wertpapierbörse / official dealing/prime standard
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade