Brief: Gesco Q1 Net Income After Minorities Up At EUR 4.0 Million

Gesco SE

27/04/2021 06:17

April 27 (Reuters) - GESCO AG  GSC1n.DE :
    * TAKES STOCK FOR FINANCIAL YEAR 2020 AND PUBLISHES OUTLOOK
FOR
NEW FINANCIAL YEAR 2021
    * DIVIDEND SUSPENDED FOR FINANCIAL YEAR 2020
    * INCLUDING DISCONTINUED OPERATIONS, FY GROUP SALES TOTALLED
EUR
495.2 MILLION (AFY 2019: EUR 439.6 MILLION)
    * CONTINUING OPERATIONS GENERATED A GROUP NET INCOME FOR
YEAR
AFTER MINORITY INTEREST OF EUR 5.8 MILLION IN FINANCIAL YEAR
(AFY 2019: EUR 14.5 MILLION)
    * FY EBITDA FOR CONTINUING OPERATIONS AMOUNTED TO EUR 33.4
MILLION
(AFY 2019: EUR 37.0 MILLION
    * FY EBIT FOR CONTINUING OPERATIONS STOOD AT EUR 16.7
MILLION
(AFY: EUR 24.4 MILLION)
    * EXPECTS 2021 BROAD-BASED INCREASE IN SALES TO A RANGE OF
BETWEEN
EUR 445 TO EUR 465 MILLION AS WELL AS AN INCREASE IN GROUP NET
INCOME AFTER MINORITY INTEREST RANGING FROM EUR 16.5 TO EUR 18.5
MILLION
    * IN Q1 OF NEW FINANCIAL YEAR 2021, ORDER INTAKE REACHED
APPROXIMATELY EUR 136 MILLION (CONTINUING OPERATIONS IN Q1 2020:
EUR 114.8 MILLION)
    * Q1 SALES OF AROUND EUR 113 MILLION (Q1 2020: EUR 101.9
MILLION)
    * Q1 EBIT REACHED ROUGHLY EUR 7.4 MILLION WITH A MARGIN OF
6.6%
(Q1 2020 CONTINUED: EUR 2.1 MILLION WITH A MARGIN OF 2.1%).
    * Q1 NET INCOME FOR QUARTER AFTER MINORITY INTEREST AMOUNTS
TO
AROUND EUR 4.0 MILLION (Q1 2020 CONTINUED: EUR 1.2 MILLION)

Source text for Eikon:  ID:nEQ5G1npba 
Further company coverage:  GSC1n.DE 

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