Overview
Germany industrial group's Q1 sales were nearly flat, declining 0.6% yr/yr
Q1 EBIT rose 13.1% and group earnings after minorities increased 36.6% yr/yr
Book-to-bill ratio rose to 1.14 as incoming orders increased 4.6% yr/yr
Outlook
Company did not provide specific guidance or outlook for the current or future periods
Result Drivers
ORDER GROWTH - Incoming orders rose 4.6% yr/yr, supporting a higher book-to-bill ratio of 1.14
PROFITABILITY IMPROVEMENT - EBIT and group earnings after minorities increased despite flat sales
Company press release: ID:nEQdzDvta
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 121.03 mln
Q1 EPS
EUR 0.27
Q1 EBIT
EUR 4.64 mln
Q1 EBITDA
EUR 9.28 mln
Q1 Orders
EUR 138.17 mln
Q1 Pretax Profit
EUR 3.94 mln
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for Gesco SE is €22.00, about 52.2% above its May 12 closing price of €14.45
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
