GESCO increases guidance again and predicts higher dividends


Wuppertal, 9 February 2011 – Dynamic developments experienced by GESCO Group in the first half of the year continued in the third and fourth quarters. Based on this trend, GESCO AG once again increases its guidance for the 2010/2011 financial year (1 April 2010 to 31 March 2011). The forecast was raised in November 2010, calling for Group sales of € 325 million and Group net income after minority interest of € 12.5 million with earnings per share of € 4.13.

Now the company expects Group sales of approximately € 334 million, which corresponds to an increase of 20 % compared to € 277.7 million for the previous year. Group net income after minority interest is expected to total € 15 million, which is 69 % higher than the value of € 8.9 million for the previous year. The outlook for earnings per share is raised to € 4.96 (previous year € 2.95).

Based on this forecast, the company expects to pay significantly higher dividends, compared to € 1.30 per share for the previous year.

The complete nine-month report for the current 2010/2011 financial year will be published on 15 February 2011.

The content of this press release was published in identical wording in an ad hoc report on 8 February 2011 after the close of the stock market.