DGAP-News: Gesco AG / Key word(s): AGM/EGM 
GESCO Annual General Meeting: proposed resolutions approved by a large majority, outlook for 2021 specified at upper 
end of the range 
2021-06-30 / 16:47 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
GESCO Annual General Meeting: proposed resolutions approved by a large majority, outlook for 2021 specified at upper 
end of the range 
Wuppertal, 30 June 2021 - Today's virtual Annual General Meeting of GESCO AG accepted the proposals from the Executive 
Board and Supervisory Board and passed all items on the agenda by large majorities. 
Approximately 53 % of share capital with voting rights was present at the meeting. The Annual General Meeting approved 
the actions of the members of the Executive Board and the Supervisory Board and voted in favour of both the appointment 
of a new auditor for the separate financial statements and consolidated financial statements and the conclusion of a 
profit and loss transfer agreement with a subsidiary. Furthermore, the Annual General Meeting also approved the 
remuneration system for the members of the Executive Board in accordance with the Act Implementing the Second 
Shareholders' Rights Directive (SRD II) as presented by the Supervisory Board. 
As part of its reporting on the previous and current financial years, the Executive Board specified its outlook for 
2021 as announced at the Annual Accounts Press and Analysts' Conference on 27 April 2021. The outlook anticipates Group 
sales of between EUR 445 million and EUR 465 million and Group net income for the year after minority interest of EUR 16.5 
million to EUR 18.5 million, both before corporate transactions. GESCO had previously confirmed its outlook for 2021 when 
publishing its figures for the first quarter of 2021. The Executive Board emphasised that it would be standing by its 
forecast range, but specified the outlook at the upper end of the range. 
Earnings contributions from the United MedTec Group, acquired on 15 June 2021, have not yet been included in the 
adjusted outlook. The United MedTec Group will make a positive operating contribution to the Group sales in 2021. 
Initial consolidation and related goodwill valuations will be completed by the time the half-year interim report for 
2021 is published on 24 August 2021. 
GESCO suspended its dividend payment due to the negative result for financial year 2020. Following the adjustments to 
the outlook for 2021, the Executive Board now expects to distribute a dividend for financial year 2021 that is in line 
with the established dividend policy in 2022. 
"The successful transactions concluded over the past few months, as well as the Group's operating development in the 
first quarter of 2021, have given us momentum to generate profitable growth," says Ralph Rumberg, CEO of GESCO AG. "We 
are focused on expanding the Group while keeping an eye on our subsidiaries' materials supplies at the same time. We 
have been proactive in this area and have so far been largely able to avoid any delivery problems. Our expectations are 
for a positive 2021, as we play close attention to the current economic and supply situations and continue to pursue 
our NEXT LEVEL strategy with the backing of our strong team." 
An overview of the voting results and the speech given by CEO Ralph Rumberg will be available shortly on the GESCO 
website at https://www.gesco.de/en/investor-relations/annual-general-meetings/. 
 
About GESCO 
GESCO AG is an industrial group made up of market and technology leading companies in the capital goods industry with a 
focus on production process technology, resource technology, as well as healthcare and infrastructure technology. As a 
stock company listed in the Prime Standard, GESCO AG offers private and institutional investors access to a portfolio 
of hidden champions among Germany's industrial SMEs. 
 
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 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-30 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 
EQS News ID:  1213985 
 
End of News   DGAP News Service 
=------------

1213985 2021-06-30


 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1213985&application_name=news

(END) Dow Jones Newswires

June 30, 2021 10:49 ET (14:49 GMT)