GESCO increases guidance to earnings per share of € 6.95


Wuppertal, 9 November 2011 – In the first half (1 Apr. to 30 Sep. 2011) of the current financial year 2011/2012, GESCO Group recorded strong incoming order and sales growth as well as a way above-average rise in key earnings figures. Business in the third quarter also remained at a high level and order backlog stood at a record high at its end. In addition, a positive one-off effect of around € 0.7 million resulting from two legal disputes will be recognised in the third quarter.

GESCO AG is increasing its guidance in view of these developments. The company now expects Group sales of approximately € 400 million (previously: € 390 million), Group net income after minority interest of roughly € 21 million (previously: € 19 million) and earnings per share pursuant to IFRS of € 6.95 (previously: € 6.29).

The complete Interim Report 2011/2012 will be published on 15 November 2011.