GESCO’s third consecutive record year: Earnings per share of EUR 4.83, dividend proposal of EUR 1.50


Wuppertal, 24 May 2007 – Based on the unaudited figures for financial year 2006/2007 ended on 31 March 2007, Prime Standard-listed holding company GESCO AG will exceed its forecast, which was last revised upwards in February 2007.

At EUR 268 million, Group sales are around 14.4% up on the previous year’s figure of EUR 234 million. Group net income after minority interests for the year rose by 42.8% to EUR 13.3 million (previous year: EUR 9.3 million) representing earnings per share of EUR 4.83 (previous year: EUR 3.54). The capital increase implemented in March 2007 increased the number of shares to  3,023,000 (bearer shares); based on this complete number of shares, Group net income for the year equates to earnings per share of EUR 4.40. These figures make 2006/2007 the third consecutive record year for the GESCO Group.

On the basis of the preliminary figures, the Executive Board assumes a proposed dividend of EUR 1.50 per share, which represents an increase of 20% compared with the previous year (EUR 1.25).

The financial statements for the 2006/2007 financial year and the forecast for financial year 2007/2008 will be presented at the accounts press conference on 28 June 2007.