Brief: Gesco 9-mth sales up 9.3 pct at EUR 369.2 mln

Gesco SE

15/02/2016 06:35

Feb 15 (Reuters) - Gesco AG  GSC1n.DE : 
    * Increases earnings forecast after first nine months of the 
financial year 
    * 9-mth group sales rose by 9.3 pct to 369.2 million euros  
($414 million)(337.9 mln euros yr ago) 
    * 9-mth 17.6 pct increase in EBITDA to 40.5 million euros 
(34.4 mln euros) and a 23.7 pct increase in EBIT to 25.3 million 
euros (20.4 mln euros) 
    * 9-mth group net income after minority interest rose by 
24.1 pct to 12.9 million euros (10.5 mln euros) 
    * Slight dip in demand, as expected, in Q4 
    * Company forecast FY group sales of between 480 mln euros 
and 490 mln euros. Now it expects sales to come in at upper end 
of that range 
    * Conditions for capital goods industry remain subdued; weak 
economic growth in China, unclear outlook regarding us economy 
has negative effect 
    * FY group net income after minority interest company now 
expects a value of around 16 mln euros 
 
Source text for Eikon:  ID:nEQ9LHXtGa  
Further company coverage:  GSC1n.DE  
 
($1 = 0.8911 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 39 20;))