GESCO releases preliminary figures for the first half of the year and lowers its outlook

Gesco AG  / Key word(s): Half Year Results/Profit Warning

04.11.2014 14:58

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Wuppertal, 4 November 2014 - Preliminary figures for the first half of
financial year 2014/2015 indicate incoming orders of EUR 226.6 million
(previous year's period: EUR 211.9 million), Group sales of EUR 220.1
million (EUR 217.8 million) and Group net income after minority interest of
EUR 5.5 million (EUR 8.6 million). The results were significantly burdened
by the restructuring of MAE Maschinen- und Apparatebau Götzen GmbH and
Protomaster GmbH particularly in the second quarter. The full half-year
report will be published on 14 November 2014.

The first half of the year encompasses the operating months January to June
2014 for the subsidiaries. In the third quarter - which covers the
operating months July to September 2014 - incoming orders totalled around
EUR 113 million (EUR 113.3 million) and Group sales approximately EUR 116
million (EUR 119.5 million).

Based on the information available at this time, GESCO AG is adjusting its
outlook for financial year 2014/2015. The Executive Board now forecasts
Group sales of between EUR 455 million and EUR 460 million (previously EUR
470 million) and Group net income after minority interest of EUR 14.5
million to EUR 15.0 million (previously EUR 17.5 million).

The main reasons for the adjustments are the lower rate of capacity
utilisation due to the economic situation, postponement of orders as well
as changes in the order mix which negatively impact the margin. In
addition, the restructuring of Protomaster GmbH will weigh down on Group
earnings more than expected. As a result of these factors, the weak result
in the first half of the year cannot be compensated for in the second half
of the year as previously expected.

Investor Relations / Public Relations  *   Oliver Vollbrecht 
Phone +49 (0)202 24820-18   *   Fax: +49 (0)202 24820-49 
E-mail:   *   Website: 

04.11.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at and

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