Brief: Gesco Announces Possible Negative Earnings Impact From Antitrust Proceedings

Gesco SE

12/12/2017 14:57

Dec 12 (Reuters) - GESCO AG  GSC1n.DE : 
    * DGAP-ADHOC: GESCO AG: POSSIBLE NEGATIVE EARNINGS IMPACT 
FROM 
ANTITRUST PROCEEDINGS 
    * FEDERAL CARTEL OFFICE ALSO INVESTIGATES DÖRRENBERG 
EDELSTAHL 
GMBH, A 90% SUBSIDIARY OF GESCO AG 
    * GESCO - INVESTIGATIONS AGAINST MANUFACTURERS OF STEEL 
PRODUCTS 
ON SUSPICION OF ANTI-COMPETITIVE AGREEMENTS AND ACTIONS IN 2003 
TO 2015 
    * GESCO - OBLIGATIONS IN CONNECTION WITH LEGAL DISPUTE 
WOULD 
RESULT IN A NEGATIVE IMPACT ON EARNINGS AT DÖRRENBERG EDELSTAHL 
GMBH 
    * NEGATIVE IMPACT ALSO ON LEVEL OF GESCO GROUP 
    * ECONOMIC IMPACT IS CURRENTLY NOT CONCRETE QUANTIFIABLE 
    * EFFECTS OF THIS ISSUE ARE TO BE TAKEN INTO ACCOUNT IN 
CONSOLIDATED FINANCIAL STATEMENTS FOR 2017/2018 
 
Source text for Eikon:  ID:nEQ9VlxZNa  
Further company coverage:  GSC1n.DE  
 
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