Brief: Gesco Sees 2020 Sales In Range Of EUR 540-560 Mln

Gesco SE

28/04/2020 06:25

April 28 (Reuters) - Gesco AG  GSC1n.DE :
    * FOR 2020 EXPECTS TOTAL GROUP SALES OF EUR 540 MILLION TO EUR 560 MILLION
    * DGAP-NEWS: GESCO CONCLUDES ABBREVIATED FINANCIAL YEAR 2019  AND PUBLISHES OUTLOOK FOR
FINANCIAL
YEAR 2020
    * OUTLOOK FOR NEW FINANCIAL YEAR IMPACTED BY CORONAVIRUS PANDEMIC
    * NEW DIVIDEND POLICY BROUGHT FORWARD, PROPOSED DIVIDEND EUR 0.23 PER SHARE
    * EBITDA OVER NINE-MONTH PERIOD CAME TO EUR 44.0 MILLION (EUR 68.4 MILLION
    * EBIT IN NINE-MONTH PERIOD STOOD AT EUR 23.5 MILLION (EUR 42.1 MILLION)
    * FY GROUP NET INCOME AFTER MINORITY INTEREST CAME TO EUR 12.4 MILLION IN NINE-MONTH
ABBREVIATED
FINANCIAL YEAR, DOWN FROM EUR 22.6 MILLION IN TWELVE-MONTH PREVIOUS YEAR
    * INCOMING ORDERS AT GESCO GROUP CAME TO EUR 403.2 MILLION IN NINE-MONTH ABBREVIATED
FINANCIAL
YEAR
    * ACCORDING TO PRELIMINARY FIGURES, INCOMING ORDERS IN Q1 OF 2020 CAME TO ROUGHLY EUR 136
MILLION
(ADJUSTED PREVIOUS-YEAR PERIOD: EUR 156.9 MILLION)
    * Q1 SALES STOOD AT APPROXIMATELY EUR 129 MILLION (EUR 145.8 MILLION)
    * ANNUAL GENERAL MEETING IS TO BE HELD AS A VIRTUAL ANNUAL GENERAL MEETING ON SCHEDULED DATE
OF 18
JUNE 2020.
    * 9-MONTH ABBREVIATED FINANCIAL YEAR GROUP SALES REACHED EUR 439.6 MILLION (EUR 580.3
MILLION)
    * AT ROUGHLY EUR 0.4 MILLION, Q1 GROUP NET INCOME AFTER MINORITY INTEREST WAS SIGNIFICANTLY
DOWN
ON ADJUSTED PRIOR-YEAR FIGURE OF EUR 4.0 MILLION
    * EXPECTS GROUP NET INCOME FOR YEAR 2020 AFTER MINORITY INTEREST OF EUR 8 MILLION TO EUR 11
MILLION

Source text for Eikon:  ID:nEQRcQ14a 
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