Gesco AG / Key word(s): Dividend/Preliminary Results 02.06.2015 13:44 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, 2 June 2015 - GESCO AG most recently forecasted Group sales of between EUR 455 million and EUR 460 million and Group net income after minority interest of between EUR 14.5 million and EUR 15.0 million for financial year 2014/2015 (1 April 2014 to 31 March 2015). Immediately prior to the finalisation of the financial statements it became apparent that the restructuring measures at subsidiaries MAE Maschinen- und Apparatebau Götzen GmbH and Protomaster GmbH continue to weigh down on Group earnings more than expected. This development will have to be taken into account in both the consolidated financial statements and the individual financial statements of GESCO AG for financial year 2014/2015. In consideration of these factors, Group net income after minority interest for financial year 2014/2015 amounts to approximately EUR 12.4 million based on preliminary and unaudited figures. Group sales come in at EUR 451 million. Based on these preliminary figures, the Executive Board expects a dividend proposal of EUR 1.75 per share; EUR 2.20 per share had been distributed in the previous year. The company expects a rise in sales in financial year 2015/2016 (1 April 2015 to 31 March 2016). As things stand, Group net income after minority interest is likely to rise compared to financial year 2014/2015, but still fall significantly short of previous years' figures. The reasons for the subdued earnings development include restructuring measures at the two subsidiaries and weak demand from Eastern Europe for agricultural technology, which continues to negatively impact the development of our subsidiary Frank Walz- und Schmiedetechnik GmbH. Low energy prices may be benefitting overall economic development, but they are also leading to a decline in demand from oil industry customers at SVT GmbH. The financial statements for financial year 2014/2015 as well as a definite outlook for the new financial year 2015/2016 will be released at the annual accounts press conference on 25 June 2015. 02.06.2015 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------