euro adhoc: GESCO AG
Dividend Announcements/Distribution
Surge in growth at
GESCO: Earnings per share of EUR 5.92, Dividend proposal of EUR 2.42
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
27.05.2008
Wuppertal, 27 May 2008 - The Prime Standard-listed investment holding company GESCO AG enjoyed strong growth in the financial year 2007/2008 (1 April 2007 - 31 March 2008). According to unaudited figures, Group sales rose by 24% to around EUR 333 million (previous year: EUR 268 million). Group net income after minority interests showed above average improvement of 34% reaching EUR 17.9 million (previous year: EUR 13.3 million), which represents earnings per share of EUR 5.92 (previous year: EUR 4.83) according to IFRS. GESCO Group was able to achieve record results for the fourth year in succession.
On the basis of the preliminary figures, the Executive Board is assuming a proposed dividend of EUR 2.42 per share. This consists of a basic dividend of EUR 2.20 plus a 10% bonus of EUR 0.22 to mark the 10 year anniversary of the company´s IPO. The previous year´s dividend amounted to EUR 1.50 per share.
The financial statements for the 2007/2008 financial year and the forecast for the 2008/2009 financial year will be presented at the accounts press conference on 26 June 2008.
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: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade