EANS-Adhoc: GESCO AG: Audited figures for 2008/2009 and outlook for 2009/2010
-------------------------------------------------------------------------------- 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. --------------------------------------------------------------------------------
25.06.2009
Wuppertal, 25 June 2009 - The SDAX listed investment holding company GESCO AG achieved Group sales of EUR 378 million (previous year EUR 333 million) and Group net income after minority interest of EUR 21.6 million (previous year EUR 17.9 million), which represents earnings per share according to IFRS of EUR 7.16 (previous year EUR 5.92) in the 2008/2009 financial year (1 Apr. 2008 - 31 Mar. 2009).
Given the deep global recession, the company expects Group sales of between EUR 280 million and EUR 310 million as well as Group net income after minority interest of between EUR 7 million and EUR 10.5 million for the 2009/2010 financial year (1 Apr. 2009 - 31 Mar. 2010), corresponding to earnings per share in accordance with IFRS of between EUR 2.31 and EUR 3.47.
With healthy balance sheet structures and a comfortable cushion of liquid assets in the Group and the well positioned business models of subsidiaries, GESCO Group is well equipped to successfully overcome the recession and to benefit more than most from the next recovery move.
The company will comment on the financial statements for the 2008/2009 financial year and the outlook for the 2009/2010 financial year at the annual accounts press conference/analysts´ meeting on 25 June 2009.
Detailed press information and the 2008/2009 financial report are available at www.gesco.de from 25 June 2009, 9:00 am. A webcast of the annual accounts press conference/analysts´ meeting (in German) can be accessed at www.gesco.de from 10:30 am and will be available for the following three months.
end of announcement euro adhoc --------------------------------------------------------------------------------
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: 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