Brief: Gesco H1 EBITDA At EUR 23.4 Million

Gesco SE

24/08/2021 06:19

Aug 24 (Reuters) - GESCO AG  GSC1n.DE :
    * STRONG GROWTH IN THE SECOND QUARTER - GUIDANCE RAISED
    * OUTLOOK FOR FULL YEAR RAISED
    * INCOMING ORDERS FOR GESCO GROUP STOOD AT EUR 274.5 MILLION
IN
FIRST HALF OF 2021, 35.7% HIGHER THAN PREVIOUS YEAR'S FIGURE
    * AT EUR 228.1 MILLION, GROUP SALES EXCEEDED LEVEL OF
PREVIOUS
YEAR'S REPORTING PERIOD BY 19.9% (H1 2020-C: EUR 190.3 MILLION)
    * H1 GROUP'S ORDER BACKLOG STOOD AT EUR 199.5 MILLION AS
COMPARED
TO EUR 139.5 MILLION IN H1 2020
    * H1 (EBITDA) REACHED A TOTAL OF EUR 23.4 MILLION
    * H1 EBIT MARGIN IMPROVED SIGNIFICANTLY TO 6.7% IN FIRST
HALF OF
2021 (VERSUS 0.2% IN H1 2020
    * OUTLOOK 2021: SALES OF BETWEEN EUR 465 MILLION AND EUR 485
MILLION
    * OUTLOOK 2021: NET INCOME AFTER MINORITY INTEREST OF EUR 20
MILLION TO EUR 22 MILLION

Source text for Eikon:  ID:nEQ23g51za 
Further company coverage:  GSC1n.DE 

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