Gesco AG / Key word(s): Half Year Results/Profit Warning 04.11.2014 14:58 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Wuppertal, 4 November 2014 - Preliminary figures for the first half of financial year 2014/2015 indicate incoming orders of EUR 226.6 million (previous year's period: EUR 211.9 million), Group sales of EUR 220.1 million (EUR 217.8 million) and Group net income after minority interest of EUR 5.5 million (EUR 8.6 million). The results were significantly burdened by the restructuring of MAE Maschinen- und Apparatebau Götzen GmbH and Protomaster GmbH particularly in the second quarter. The full half-year report will be published on 14 November 2014. The first half of the year encompasses the operating months January to June 2014 for the subsidiaries. In the third quarter - which covers the operating months July to September 2014 - incoming orders totalled around EUR 113 million (EUR 113.3 million) and Group sales approximately EUR 116 million (EUR 119.5 million). Based on the information available at this time, GESCO AG is adjusting its outlook for financial year 2014/2015. The Executive Board now forecasts Group sales of between EUR 455 million and EUR 460 million (previously EUR 470 million) and Group net income after minority interest of EUR 14.5 million to EUR 15.0 million (previously EUR 17.5 million). The main reasons for the adjustments are the lower rate of capacity utilisation due to the economic situation, postponement of orders as well as changes in the order mix which negatively impact the margin. In addition, the restructuring of Protomaster GmbH will weigh down on Group earnings more than expected. As a result of these factors, the weak result in the first half of the year cannot be compensated for in the second half of the year as previously expected. Investor Relations / Public Relations * Oliver Vollbrecht Phone +49 (0)202 24820-18 * Fax: +49 (0)202 24820-49 E-mail: [email protected] * Website: www.gesco.de 04.11.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and 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 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------