GESCO AG raises targets for financial year 2007/2008


Wuppertal, 7 August 2007 – Prime Standard-listed holding company, GESCO AG, is raising its projections for financial year 2007/2008 (01.04.2007-31.03.2008) from those published on 27.06.2007.

The sales forecast has been increased from EUR 310 million to EUR 320 million (previous year: EUR 268 million). The forecast for Group net income for the year after third-party interest has risen from EUR 12.5 million to EUR 15.4 million (previous year: EUR 10.7 million before non-recurring effect respectively EUR 13.3 million including non-recurring effect from sale of a participation). The new projected figures include approx. EUR 0.5 million in book earnings from deferred taxes, which must be disclosed under IFRS in light of the recent corporation tax reforms. The projection for earnings per share under IFRS has grown from EUR 4.13 to EUR 5.09 (previous year: EUR 3.89 before non-recurring effect resp. EUR 4.83 incl. non-recurring effect).

Further information on the company outlook is contained in the report for the first quarter (01.04.-30.06.2007) of the financial year 2007/2008, which will be published on 15 August 2007.