Wuppertal, 25 June 2009 – The SDAX listed investment holding company GESCO AG achieved Group sales of € 378 million (previous year € 333 million) and Group net income after minority interest of € 21.6 million (previous year € 17.9 million), which represents earnings per share according to IFRS of € 7.16 (previous year € 5.92) in the 2008/2009 financial year (1 Apr. 2008 – 31 Mar. 2009).
 
Given the deep global recession, the company expects Group sales of between € 280 million and € 310 million as well as Group net income after minority interest of between € 7 million and € 10.5 million for the 2009/2010 financial year (1 Apr. 2009 – 31 Mar. 2010), corresponding to earnings per share in accordance with IFRS of between € 2.31 and € 3.47.

With healthy balance sheet structures and a comfortable cushion of liquid assets in the Group and the well positioned business models of subsidiaries, GESCO Group is well equipped to successfully overcome the recession and to benefit more than most from the next recovery move.

The company will comment on the financial statements for the 2008/2009 financial year and the outlook for the 2009/2010 financial year at the annual accounts press conference/analysts’ meeting on 25 June 2009.

Detailed press information and the 2008/2009 financial report are available at www.gesco.de from 25 June 2009, 9:00 am. A webcast of the annual accounts press conference/analysts’ meeting (in German) can be accessed at www.gesco.de from 10:30 am and will be available for the following three months.

GESCO AG
Investor Relations, Oliver Vollbrecht.
Tel. (0202) 2482018, Fax (0202) 2482049
E-Mail: info@gesco.de, Website: www.gesco.de