Brief: Gesco: significant growth expected for 2017/2018
29/06/2017 06:30
June 29 (Reuters) - GESCO AG GSC1n.DE :
* DGAP-NEWS: GESCO: 2016/2017 IMPACTED BY NON-RECURRING EFFECT, SIGNIFICANT GROWTH EXPECTED
FOR 2017/2018
* 2016/2017 SALES AND EARNINGS FIGURES IN LINE WITH AMOUNTS PREVIOUSLY PUBLISHED ON A
PRELIMINARY BASIS
* FY GROUP NET INCOME AFTER MINORITY INTEREST TOTALLED EUR 7.9 MILLION (EUR 16.1 MILLION)
* TO PROPOSE TO ANNUAL GENERAL MEETING ON 31 AUGUST 2017 A DIVIDEND OF EUR 0.35 PER SHARE
* EXPECTS TO SEE INCREASING CUSTOMER DEMAND FROM CAPITAL GOODS INDUSTRY AS WELL AS INITIAL
OPERATIONAL RESULTS GENERATED BY FURTHER IMPLEMENTATION OF PORTFOLIO STRATEGY 2022
* FORECASTS SALES AND EARNINGS GROWTH BASED ON DATA CURRENTLY AVAILABLE
* GROUP SALES ARE EXPECTED TO INCREASE TO AROUND EUR 510 MILLION TO EUR 530 MILLION
* GROUP NET INCOME AFTER MINORITY INTEREST WILL MORE THAN DOUBLE CURRENT FIGURE AND STAND AT
BETWEEN EUR 17 MILLION AND EUR 18 MILLION
* Q1 2017/2018 INCOMING ORDERS UP 21 % TO EUR 148 MILLION, SALES ROSE 17 % TO ABOUT EUR 133
MILLION, ORDER BACKLOG GREW 16% TO EUR 209 MILLION
Source text for Eikon: ID:nEQ6J7CgCa
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