Brief: Gesco revises guidance for FY 2016/2017
02/02/2017 12:02
Feb 2 (Reuters) - Gesco AG GSC1n.DE :
* Gesco optimizes portfolio, revises guidance for current
financial year and provides positive outlook for new financial
year
* Revises its guidance for current financial year 2016/2017
* Therefore new guidance for group net income after minority
interest for financial year 2016/2017 amounts to around 6.0
million euros to 7.0 million euros
* Outlook for 2016/17 group sales of around 480 million
euros ($518.83 million) is not affected
* For the new FY 2017/2018 starting on 1 April, expects
growth in terms of sales and earnings on an organic basis as
well as profitable external growth provided by Pickhardt &
Gerlach group which had been acquired in Dec. 2016
Source text for Eikon: ID:nEQ6XmsZk
Further company coverage: GSC1n.DE
($1 = 0.9252 euros)
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