Brief: gesco 9-mth net income after minority interest down to EUR 9.7 mln
14/02/2017 06:27
Feb 14 (Reuters) - Gesco AG GSC1n.DE :
* Takes stock after the first nine months and provides a positive outlook for new financial
year 2017/2018
* Full-year operating outlook raised, but impacted by one-off effects from sale decision
* With 376.4 million euros ($399.66 million), incoming orders were stable during 9 months
and were roughly on par with previous year's figure of 378.1 million euros
* 9-month sales amounted to 357.5 million euros (previous year's period: 369.2 million
euros)
* 9-month EBITDA came to 35.7 million euros (40.5 million euros). EBIT stood at 19.9 million
euros (25.3 million euros) after slight increase in depreciation and amortisation
* 9-month net income after minority interest stood at 9.7 million euros (13.0 million euros)
* With regard to group sales, company confirms forecast from November 2016 for full
financial year 2016/2017 of approximately 480 million euros
* Now believes that from an operating point of view group net income after minority interest
will come in at between 12.5 million and 13.5 million euros
* New outlook for group net income after minority interest of between 6.0 million and 7.0
million euros for financial year 2016/2017
* In financial year 2017/2018, which begins on April 1, we also expect to generate organic
sales and earnings growth
Source text for Eikon: ID:nEQ8lKzZt
Further company coverage: GSC1n.DE
($1 = 0.9418 euros)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))