GESCO AG: Release according to § 109 Paragraph 2 Sentence 1 WpHG
June 28, 2019 at 05:00 am EDT
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DGAP-News: Gesco AG / Key word(s): Miscellaneous/Miscellaneous
GESCO AG: Release according to § 109 Paragraph 2 Sentence 1 WpHG
28.06.2019 / 10:55
The issuer is solely responsible for the content of this announcement.
The German Financial Reporting Enforcement Panel (FREP) has determined that the consolidated financial statements of GESCO Aktiengesellschaft, Wuppertal, as of 31 March 2018 and the Group management report for the 2017/2018 financial year are incorrect:
The consolidated financial statements as at 31 March 2018 of GESCO AG include all 57 subsidiaries with reporting dates as at 31 December 2017, and so the consolidated financial statements as at 31 March 2018 as well as the associated Group management report actually present the assets, liabilities, financial position and profit or loss of the Group as at 31 December 2017 and not as at 31 March 2018. The use of different reporting dates goes against IFRS 10.B92, as there are no clear reasons why the same reporting dates cannot be used.
Contact:
Head of Investor Relations, Oliver Vollbrecht
Tel. +49-202 24820-18
Fax +49-202 24820-49
E-Mail: info@gesco.de
Internet: www.gesco.de
28.06.2019 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:
info@gesco.de
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
Gesco AG is a Germany-based investment company that acquires industrial small and medium-sized enterprises (SMEs). The Company focuses on production process technology, resource technology, health, and infrastructure technology, as well as mobility technology, and operates as a long-term investor. It manages takeovers both through management buyouts (MBOs) and management buy-ins (MBI), and through group spin-offs. It offers machines, production facilities, tools, components, and services from steelmaking to 3Dimension (3D) printing, from medical technology to special purpose mechanical engineering. The Company operates in Germany and its subsidiaries include, among others, Astroplast Kunststofftechnick Gmbh & Co KG, Franz Funke Zerspanungstechnik GmbH & Co KG, Doemer GmbH & Co KG Stanz- und Umformtechnologie, Doerrenberg Edelstahl GmbH, MAE Group, SVT GmbH, Frank Group and Setter Group.
GESCO SE 
