GESCO AG: Dividend proposal of EUR 2.00, preliminary figures for financial year 2015/2016 and initial outlook for financial year 2016/2017

Gesco AG  / Key word(s): Dividend/Preliminary Results

25.05.2016 13:32

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Wuppertal, 25 May 2016 - According to unaudited figures, GESCO Group
increased group sales by a good 9 % to approximately EUR 494 million in
financial year 2015/2016 (1 April 2015 to 31 March 2016), following Group
sales of EUR 451 million in the previous year. Group net income after
minority interest climbed by 30 % to approximately EUR 16.1 million
(previous year: EUR 12.4 million). These figures correspond to the guidance
that was most recently increased in February 2016.

Based on these preliminary figures, the Executive Board expects a dividend
proposal of EUR 2.00 per share; EUR 1.75 per share had been distributed in
the previous year.

The company expects sales to remain more or less unchanged in financial
year 2016/2017 (1 April 2016 to 31 March 2017). As things stand, Group net
income after minority interest is likely to be down approximately 10 % year
on year.

The company will be publishing the financial statements for financial year
2015/2016 as well as a definite outlook for the new financial year
2016/2017 at the annual accounts press conference on 30 June 2016.

Investor Relations   *   Oliver Vollbrecht 
Phone +49 202 24820-18   *   Fax: +49 202 24820-49 
Email:   *   Website: 

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Language:     English
Company:      Gesco AG
              Johannisberg 7
              42103 Wuppertal
Phone:        +49 (0)202 248200
Fax:          +49 (0)202 2482049
ISIN:         DE000A1K0201
WKN:          A1K020  
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
              Munich, Stuttgart
End of Announcement                             DGAP News-Service