Gesco AG / Key word(s): Profit Warning/Profit Warning
GESCO reduces outlook for the nine-month abbreviated financial year 2019 04-Nov-2019 / 20:43 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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.
04-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de