GESCO AG: GESCO specifies sales and raises earnings forecast for financial year 2021
November 18, 2021 at 09:37 am EST
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DGAP-Ad-hoc: Gesco AG / Key word(s): Forecast
GESCO AG: GESCO specifies sales and raises earnings forecast for financial year 2021
18-Nov-2021 / 15:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
GESCO specifies sales and raises earnings forecast for financial year 2021
Wuppertal, 18 November 2021 - Given the expectations for the remainder of the year, the Executive Board of GESCO AG ("GESCO") has specified the target range for sales and raised the target range for earnings for financial year 2021.
The guidance for financial year 2021, which was raised on 17 August 2021, forecast Group sales of between ? 465 million and ? 485 million, along with Group net income after minority interest of ? 20 million to ? 22 million (both target ranges before M&A activities and without changes to the scope of consolidation).
GESCO now expects Group sales at the upper end of the unchanged range of between ? 465 million and ? 485 million, along with Group net income after minority interest of between ? 22 million to ? 24 million at Group level for financial year 2021 (both target ranges before M&A activities and without changes to the scope of consolidation, as previously announced).
Publication of the business figures for the first nine months of 2021, as well as additional information, is scheduled for 19 November 2021.
Contact
Julia Pschribülla
Head of Investor Relations & Communications
Tel +49 (0) 202 24820-18
Fax +49 (0) 202 24820-49
E-mail: investorrelations@gesco.de * presse@gesco.de * stimmrechte@gesco.de
Internet: www.gesco.de
18-Nov-2021 CET/CEST 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 
