Brief: Gesco Q1 2016/17 sales at EUR 113.5 mln, issues FY outlook
30/06/2016 06:30
June 30 (Reuters) - Gesco AG GSC1n.DE :
* 2015/2016 considerably better than expected, but subdued outlook for 2016/2017
* FY 2015/2016 group sales grew by 9.4 percent from 451.4 million euros to 494.0 million
euros ($547.85 million)
* FY EBIT improved at a similar rate and came in at 31.5 million euros (27.3 million euros)
* Q1 2016/2017 sales amounted to some 113.5 million euros (previous year's period: 118.7
million euros)
* Q1 incoming orders did not achieve exceptionally high level of previous year's quarter
(146 million euros), but they were well above that of subsequent Q4 of previous year (105.1
million euros)
* Forecasts for FY 2016/2017 stable group sales of around 480 million euros to 490 million
euros
* Results are unlikely to match previous year's level and should be between around 13.5
million euros and 14.5 million euros in FY 2016/2017
Source text for Eikon: ID:nEQYLxYMa
Further company coverage: GSC1n.DE
($1 = 0.9017 euros)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))