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.
Wuppertal, 28 June 2012 – SDAX-listed GESCO AG, a holding company for a group of
industrial SMEs, is reporting on the record year 2011/2012 (1 April 2011 to 31
March 2012) at today’s accounts press conference and is also forecasting
high-level sales and earnings for the new financial year 2012/2013.
In financial year 2011/2012, the GESCO Group was able to translate the
favourable economic environment into strong growth. Incoming orders rose by 16.4
% to EUR 439.0 million (previous year: EUR 377.2 million). Group sales increased
by 23.9 % to EUR 415.4 million (EUR 335.2 million). Earnings figures benefited
from improved capacity utilisation and order quality, which tends to be
generally better in times of growth. Earnings before interest, taxes,
depreciation and amortisation (EBITDA) rose by 34.5 % to EUR 51.3 million (EUR
38.2 million), a higher rate than sales increased. At 45.7 %, earnings before
interest and taxes (EBIT) climbed even higher than EBITDA, reaching EUR 39.3
million (EUR 27.0 million). Group net income after minority interest grew by
48.4 % to EUR 22.6 million (EUR 15.3 million). This figure includes
non-recurring income of around EUR 0.7 million from concluded legal disputes.
In view of the steep rise in earnings, the Executive Board and Supervisory Board
will propose a dividend of EUR 2.90 per share at the Annual General Meeting on
30 August 2012. The dividend would therefore be 45.0 % up on the previous year’s
distribution of EUR 2.00 per share.
The company expects slight sales growth to approximately EUR 430 million and
Group net income after minority interest of around EUR 20.5 million in the new
financial year 2012/2013 (1 April 2012 to 31 March 2013). This corresponds to
earnings per share of EUR 6.17.
In the first quarter of the new financial year 2012/2013, which includes the
subsidiaries’ operating business from January to March 2012, incoming orders
amounted to EUR 116.3 million, slightly up on the very high figure of EUR 115.9
million in the previous year’s quarter. Sales increased by 7.1 % to EUR 106.8
million (EUR 99.7 million). Order backlog at the end of the first operating
quarter, including Werkzeugbau-Laichingen Group acquired in December 2011, was
at a record-breaking EUR 192 million.
The company will present the accounts for financial year 2011/2012 and the
outlook for financial year 2012/2013 in the accounts press conference /
analysts’ conference on 28 June 2012 at 11.00 hrs.
The comprehensive press release, the annual report and a video commentary on the
accounts will be available at from 28 June 2012, 8.00 hrs.
A webcast of the accounts press conference / analysts’ conference (in German)
will be accessible from 11.00 hrs on via and will be available for
Further inquiry note:
Leiter Investor Relations
T.: +49(0)202 24820 18
end of announcement euro adhoc
issuer: GESCO AG
phone: +49(0)202 24820 0
FAX: +49(0)202 24820 49
sector: Economy, Business & Finance
indexes: SDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt