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euro adhoc: GESCO AG
Dividend Announcements
GESCO AG intends to propose a dividend increase of 28.6%

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
20.05.2005
Wuppertal, 20 May 2005 - On the basis of its unaudited figures, Prime
Standard-listed holding company GESCO AG, which already revised its
forecast in February this year, is set to marginally exceed the sales
target and clearly outstrip the earnings forecast for the financial
year ending on 31 March 2005.
Sales forecasts were increased in February from EUR 176 million to
EUR 190 million, with the actual figure totalling EUR 192 million
(previous year EUR 171 million).
The forecast Group net income for the year was revised upwards from
EUR 4.8 million (EUR 1.93 per share) to EUR 5.4 million (EUR 2.16 per
share) in February. Based on the current consolidated financial
statements, Group net income for the year is set to amount to EUR 6.2
million, or EUR 2.50 per share (previous year adjusted net of
scheduled depreciation on goodwill which no longer applies: EUR 4.2
million, or EUR 1.73 per share). This is the result of positive trend
in operating business and also of non-recurring effects of EUR 0.8
million.
On the basis of the preliminary figures, the Executive Board is
likely to propose a dividend of EUR 0.90 per share (previous year EUR
0.70 per share), which represents a dividend increase of 28.6%.
GESCO is forecasting a slight increase in sales and Group net income
for the year, net of the non-recurring effects for financial year
2005/2006. The annual financial statements for financial year
2004/2005 and the forecast for financial year 2005/2006 will be
presented at the accounts press conference on 28 June 2005.
end of announcement                    euro adhoc 20.05.2005 13:02:36 

Further inquiry note:

Oliver Vollbrecht
Leiter Investor Relations
T.: +49(0)202 24820 18
info@gesco.de

Branche: Economy, Business & Finance
ISIN: DE0005875900
WKN: 587590
Index: Prime Standard, CDAX, Classic All Share, Prime All Share
Börsen: Baden-Württembergische Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Frankfurter Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing

Original content of: GESCO AG, transmitted by news aktuell

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