EANS-Adhoc: GESCO AG proposes dividend of EUR 2.50 per share
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
26.05.2009
Wuppertal, 26 May 2009 - In the financial year 2008/2009 (1 April 2008 -31 March 2009), the SDAX listed investment holding company GESCO AG reached the ambitious guidance it had issued in June 2008 despite the global crisis. According to the as yet unaudited figures, Group sales increased by 13.6 % to around EUR 378.4 million (previous year: EUR 333.2 million). Group net income after minority interest increased by 20.9 % to EUR 21.6 million (EUR 17.9 million) and earnings per share according to IFRS subsequently increased from EUR 5.92 to EUR 7.16. The guidance issued had assumed Group sales of around EUR 370 million and Group net income after minority interest of EUR 21.5 million corresponding to earnings per share of EUR 7.11.
Based on preliminary figures, the Executive Board is expecting a dividend proposal of EUR 2.50 per share. In the previous year, the company distributed a total dividend of EUR 2.42 per share which comprised a basic dividend of EUR 2.20 and a bonus of EUR 0.22 to mark the 10th anniversary of the company's listing.
For the new financial year 2009/2010 (1 April 2009 - 31 March 2010), the company is expecting declining sales and a clear drop in earnings as a result of the severe global recession.
The financial statements for the financial year 2008/2009 and the outlook for the financial year 2009/2010 will be presented at the annual accounts press conference on 25 June 2009.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Oliver Vollbrecht
Head of Investor Relations
T.: +49(0)202 24820 18
info@gesco.de
Branche: Economy, Business & Finance
ISIN: DE0005875900
WKN: 587590
Index: SDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
Original-Content von: GESCO AG, übermittelt durch news aktuell