GESCO AG has concluded a contract on December 21, 2020 on the sale of a group of six subsidiaries. Based on the figures for financial year 2020, GESCO will thereby dispose of roughly EUR 90 million in Group sales and some EUR 15 million in Group LBIT, which consists of an operating loss of around EUR 1.5 million and EUR 13.5 million in impairment losses from impairment tests already carried out in the summer of 2020. Taking into account the transaction and better-than-expected operating business, the outlook for continuing operations for 2020 as a whole has been renewed. The Executive Board now expects Group sales of approximately EUR 400 million (previously: exceeding EUR 450 million including the companies which have been sold). In terms of Group net income for the year after minority interest before impairment losses, the Executive Board had expected to at least break even; taking into account the impairment losses, this corresponded to a figure at or exceeding EUR 13.5 million. Upon completion of the transaction, the Executive Board now expects Group net income for the year after minority interest from continuing operations of roughly EUR 5 million.