Brief: Gesco H1 Prelimenary Group Sales At EUR 237 Million

Gesco SE

04/08/2020 06:57

Aug 4 (Reuters) - GESCO AG  GSC1n.DE :
    * SAID ON MONDAY, PRELIMINARY FIGURES FOR THE FIRST HALF
YEAR, 
NON-CASH IMPAIRMENT, OUTLOOK FOR THE FINANCIAL YEAR ADJUSTED
    * H1 PRELIMENARY GROUP SALES IN THIS PERIOD AMOUNTED TO €
237
MILLION
    * H1 NET INCOME AFTER MINORITY INTEREST BEFORE IMPAIRMENT
LOSSES
WAS € -3.9 MILLION
    * FORECASTED FY GROUP REVENUE OF AROUND € 540 MILLION AND
GROUP
NET INCOME AFTER MINORITY INTEREST OF AROUND € 8 MILLION NO
LONGER ACHIEVABLE
    * THE COMPANY EXPECTS CLEARLY POSITIVE H2 GROUP NET INCOME 
    * NOW EXPECTS FY GROUP REVENUE TO EXCEED € 450 MILLION AND
GROUP
NET INCOME AFTER MINORITY INTEREST BEFORE IMPAIRMENT LOSSES TO
AT LEAST BREAK EVEN

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

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