14.08.2018
Gesco AG DE000A1K0201
DGAP-News: GESCO sees lively start to the new financial year
DGAP-News: Gesco AG / Key word(s): Quarterly / Interim Statement/Quarterly /
Interim Statement
GESCO sees lively start to the new financial year
14.08.2018 / 07:20
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
* Incoming orders in the first quarter slightly above the high levelof the
previous year, sales rise, disproportionately high increase in earnings
* Record number of incoming orders and growth in sales in the second
quarter
* Outlook for financial year confirmed
Wuppertal, 14 August 2018 - The Prime Standard-listed GESCO Group started
off the new financial year 2018/2019 (1 April 2018 to 31 March 2019) full of
momentum and was able to exceed the figures in the previous year's quarter,
which were already very high. Despite all of the political uncertainties,
the economic impetus held on and the GESCO Group managed to turn it into
successful operational business throughout its companies.
In the first quarter, which comprises the subsidiaries' operating business
from January to March 2018, the GESCO Group generated incoming orders worth
EUR 150.4 million, just slightly surpassing the unusually high result of EUR
148.7 million recorded in the previous-year period. This corresponds to an
increase of 1.2 %. Protomaster GmbH, sold in December 2017, was still
included in the previous year's figures, which means that in organic terms,
growth stood at 3.3 % after adjusting the previous year's values for the
Protomaster incoming orders. Sales for the same period increased from EUR
133.4 million to EUR 140.8 million, which represents growth of 5.6 %. The
organic growth rate in this regard was 7.2 %. Key earnings figures climbed
disproportionately to sales figures. Earnings before interest and taxes
(EBIT) rose by 20.1 % to EUR 13.1 million (previous-year period: EUR 10.9
million), and Group net income after minority interest jumped by 31.8 % to
EUR 7.4 million (EUR 5.6 million).
Three of the four segments were able to generate more incoming orders and
sales compared with the same period in the previous year; only the Mobility
Technology segment recorded lower incoming orders while sales grew.
The brisk business activity continued in the second quarter, which comprises
the subsidiaries' operating business from April to June 2018. According to
preliminary figures, incoming orders at around EUR 160 million exceeded the
previous-year figure of EUR 127.6 million by more than 25 %, thereby setting
a new record. At around EUR 138 million, sales were around 5 % up on the
previous-year figure of EUR 131.3 million. In organic terms, incoming orders
would have been up by around 28 % and sales by around 9 %.
At the accounts press conference on 28 June 2018, the Executive Board
forecasted Group sales of EUR 550 million to EUR 560 million and Group net
income after minority interest of EUR 26 million to EUR 27 million for
financial year 2018/2019. Based on the information available at the present
time, the company confirms this forecast.
Ralph Rumberg, Speaker of the Executive Board: "We have created a sound
basis for the second half of the year with the strong level of incoming
orders in the first two quarters, even though some of them will only be
posted as sales in the next financial year, especially in the Production
Process Technology segment. All things considered, we have reason to be
optimistic about the continued course of the current financial year,
although we expect business to normalise to a certain degree in the second
half of the year. In some areas of the Mobility Technology segment, we are
also seeing a challenging environment with pressure on margins remaining
high. As a whole, we confirm the outlook that we presented at the accounts
press conference on 28 June 2018."
The complete quarterly statement is available at www.gesco.de/reports.
GESCO Group key figures for the first quarter (1 April to 30 June 2018)
of financial year 2018/2019 pursuant to IFRS:
1st quarter 1st quarter Chan-
2018/2019 2017/2018 ge
Incoming orders EUR'- 150,413 148,656 +1.2
000 %
Sales EUR'- 140,825 133,416 +5.6
000 %
EBITDA EUR'- 18,720 17,487 +7.1
000 %
EBIT EUR'- 13,089 10,897 +20.-
000 1 %
Earnings before tax EUR'- 12,470 10,266 +21.-
000 5 %
Group net income after EUR'- 7,404 5,618 +31.-
minority interest 000 8 %
Earnings per share pursuant EUR 0.68 0.52 +31.-
to IFRS 8 %
Employees No. 2,507 2,588 -3.1
%
About GESCO
GESCO AG is an industrial group made up of market and technology leading
companies in the capital goods industry. Its focus is on production process
technology, resource technology, healthcare and infrastructure technology
and mobility technology. As a stock company listed in the Prime Standard,
GESCO AG offers private and institutional investors access to a portfolio of
hidden champions among Germany's industrial SMEs.
Investor Relations - Oliver Vollbrecht
Phone +49 202 24820-18 - Fax +49 202 24820-49
Email: [email protected] - Website: www.gesco.de
---------------------------------------------------------------------------
14.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Gesco AG
Johannisberg 7
42103 Wuppertal
Germany
Phone: +49 (0)202 248200
Fax: +49 (0)202 2482049
E-mail: [email protected]
Internet: www.gesco.de
ISIN: DE000A1K0201
WKN: A1K020
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
713725 14.08.2018
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Gesco AG ISIN: DE000A1K0201 können Sie bei EQS abrufen
Beteiligungen , A1K020 , GSC1 , XETR:GSC1