GESCO reduces outlook for the nine-month abbreviated financial year 2019
Gesco AG / Key word(s): Profit Warning/Profit Warning Wuppertal, 4 November 2019 - In view of the continuing downturn in the capital goods industry and the massive reluctance to invest in the automotive industry, GESCO AG is reducing its outlook for the current nine-month abbreviated financial year (01.04. to 31.12.2019). The company now expects Group sales of between EUR 425 and EUR 435 million, whereas it had most recently assumed sales in the middle of a range of EUR 435 to EUR 455 million. For the Group net income after minority interest the company now expects EUR 11.5 to EUR 13 million EUR, whereas it had recently forecast a value at the lower end of a range of EUR 16 to EUR 18 million EUR. The half-year financial report for the abbreviated financial year 2019 will be published on 25 November 2019. The key figures of Group sales and Group net income after minority interest are used as stated in GESCO AG's consolidated financial statements as at 31 March 2019, available online at http://www.gesco.de/financial-reports. Contact: Head of Investor Relations, Oliver Vollbrecht Tel. +49-202 24820-18 Fax +49-202 24820-49 E-Mail: info@gesco.de Internet: www.gesco.de
04-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Gesco AG |
| Johannisberg 7 | |
| 42103 Wuppertal | |
| Germany | |
| Phone: | +49 (0)202 248200 |
| Fax: | +49 (0)202 2482049 |
| E-mail: | info@gesco.de |
| Internet: | www.gesco.de |
| ISIN: | DE000A1K0201 |
| WKN: | A1K020 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 904193 |
| End of Announcement | DGAP News Service |