Gesco AG: GESCO Group slightly exceeds goals and proposes a dividend of EUR 2.50 per share

Gesco AG  / Key word(s): Dividend

24.05.2013 16:40

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Wuppertal, 24 May 2013 - GESCO Group slightly exceeded its goals in
financial year 2012/2013 (1 April 2012 to 31 March 2013). According to the
as yet unapproved figures, Group sales climbed by 6 % to EUR 440.4 million
(previous year: EUR 415.4 million). Group net income after minority
interest reached EUR 20.9 million; the previous year's figure of EUR 22.5
million also included a one-off effect of EUR 0.7 million. Earnings per
share pursuant to IFRS amounted to EUR 6.30; the previous year's figure of
EUR 7.40 was based on a significantly lower weighted average number of
shares resulting from a capital increase of almost 10 % of the share
capital carried out at the end of the previous financial year.

The figures are up slightly on the guidance last confirmed in February
2013, which had forecasted Group sales of EUR 438 million and Group net
income for the year after minority interest of EUR 20.5 million. Overall,
GESCO Group generated record sales and the third-best result in the
company's history.

Based on the preliminary figures, the Executive Board assumes a dividend
proposal of EUR 2.50 per share; the previous year saw a record dividend of
EUR 2.90 per share.

The financial statements for 2012/2013 and the guidance for financial year
2013/2014 will be announced at the accounts press conference and analysts'
meeting on 11 June 2013.

The previous year's earnings figures in the consolidated financial
statements for 2012/2013 are lower than previously reported due to the
advance application of the new IAS 19 provisions regarding the recognition
of pension and partial retirement obligations. Group net income for the
year after minority interest for financial year 2011/2012 is down
approximately EUR 0.1 million on that reported in the previous year, while
earnings per share pursuant to IFRS are EUR 0.04 lower.

Investor Relations - Oliver Vollbrecht 
Phone: +49 202 24820-18
Fax: +49 202 24820-49 

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Language:     English
Company:      Gesco AG
              Johannisberg 7
              42103 Wuppertal
Phone:        +49 (0)202 248200
Fax:          +49 (0)202 2482049
ISIN:         DE000A1K0201
WKN:          A1K020  
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement                             DGAP News-Service