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Gesco AG (GSC1n.DE)

GSC1n.DE on Xetra

27.95EUR
20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

GESCO AGM confirms outlook for FY
Thursday, 31 Aug 2017 10:09am EDT 

Aug 31 (Reuters) - GESCO AG ::DGAP-NEWS: GESCO ANNUAL GENERAL MEETING: SEAT ADDED TO THE SUPERVISORY BOARD, DIVIDEND APPROVED, OUTLOOK CONFIRMED.  Full Article

Gesco: significant growth expected for 2017/2018
Thursday, 29 Jun 2017 01:35am EDT 

June 29 (Reuters) - GESCO AG ::DGAP-NEWS: GESCO: 2016/2017 IMPACTED BY NON-RECURRING EFFECT, SIGNIFICANT GROWTH EXPECTED FOR 2017/2018.2016/2017 SALES AND EARNINGS FIGURES IN LINE WITH AMOUNTS PREVIOUSLY PUBLISHED ON A PRELIMINARY BASIS.FY GROUP NET INCOME AFTER MINORITY INTEREST TOTALLED EUR 7.9 MILLION (EUR 16.1 MILLION).‍TO PROPOSE TO ANNUAL GENERAL MEETING ON 31 AUGUST 2017 A DIVIDEND OF EUR 0.35 PER SHARE​.EXPECTS TO SEE INCREASING CUSTOMER DEMAND FROM CAPITAL GOODS INDUSTRY AS WELL AS INITIAL OPERATIONAL RESULTS GENERATED BY FURTHER IMPLEMENTATION OF PORTFOLIO STRATEGY 2022.FORECASTS SALES AND EARNINGS GROWTH BASED ON DATA CURRENTLY AVAILABLE.GROUP SALES ARE EXPECTED TO INCREASE TO AROUND EUR 510 MILLION TO EUR 530 MILLION.GROUP NET INCOME AFTER MINORITY INTEREST WILL MORE THAN DOUBLE CURRENT FIGURE AND STAND AT BETWEEN EUR 17 MILLION AND EUR 18 MILLION.Q1 2017/2018 INCOMING ORDERS UP 21 % TO EUR 148 MILLION, SALES ROSE 17 % TO ABOUT EUR 133 MILLION​, ORDER BACKLOG GREW 16% TO EUR 209 MILLION.  Full Article

Gesco FY net income down at 7.9 million euros
Wednesday, 24 May 2017 06:56am EDT 

May 24 (Reuters) - GESCO AG ::EARNINGS 2016/2017 EXCEED GUIDANCE, DIVIDEND PROPOSAL EUR 0.35 PER SHARE.GROWTH IN SALES AND EARNINGS EXPECTED FOR FINANCIAL YEAR 2017/2018.FY NET INCOME AFTER MINORITY INTEREST REACHED APPROXIMATELY EUR 7.9 MILLION AND EXCEEDED MOST RECENT GUIDANCE FROM FEBRUARY 2017 OF BETWEEN EUR 6 MILLION AND EUR 7 MILLION.FY GROUP SALES CAME IN AT APPROXIMATELY EUR 482 MILLION WHICH CORRESPONDS TO LEVEL OF RECENT OUTLOOK OF EUR 480 MILLION.  Full Article

Gesco AG plans cash capital increase up to 10 pct of share capital
Monday, 20 Mar 2017 12:38pm EDT 

Gesco AG : Gesco AG plans cash capital increase . Proceeds from capital increase will be used to further strengthen Gesco's equity following acquisition of Pickhardt & Gerlach . Plans to conduct a cash capital increase out of authorised capital of up to 10 percent of share capital .To place up to 864,499 new shares with institutional investors by means of accelerated bookbuilding.  Full Article

Gesco revises guidance for FY 2016/2017
Thursday, 2 Feb 2017 07:02am EST 

Gesco AG : Gesco optimizes portfolio, revises guidance for current financial year and provides positive outlook for new financial year . Revises its guidance for current financial year 2016/2017 . Therefore new guidance for group net income after minority interest for financial year 2016/2017 amounts to around 6.0 million euros to 7.0 million euros . Outlook for 2016/17 group sales of around 480 million euros ($518.83 million) is not affected .For the new FY 2017/2018 starting on 1 April, expects growth in terms of sales and earnings on an organic basis as well as profitable external growth provided by Pickhardt & Gerlach group which had been acquired in Dec. 2016.  Full Article

Gesco acquires leading strip steel processor PGW
Wednesday, 21 Dec 2016 07:45am EST 

Gesco AG : Acquires leading strip steel processor PGW .Company was sold by the entrepreneur family Hekhorn.  Full Article

Gesco Q1 net income down at 2.7 million euros
Monday, 15 Aug 2016 01:30am EDT 

Gesco AG : Q1 net income after minority interest closed period at 2.7 million euros ($3.01 million) (3.2 million euros year ago) . Group expects FY sales and earnings to come in at lower end of ranges: sales of between 480 million and 490 million euros and group net income after minority interest of between 13.5 million and 14.5 million euros . At 122.5 million euros, incoming orders in Q1 may not have matched unusually high figure reported in Q1 of previous year (146.1 million euros), but they were up on last quarter of previous year (105.1 million euros) .Group sales amounted to 113.6 million euros(previous year's period: 118.7 million euros) in Q1.  Full Article

Gesco Q1 2016/17 sales at EUR 113.5 mln, issues FY outlook
Thursday, 30 Jun 2016 01:30am EDT 

Gesco AG : 2015/2016 considerably better than expected, but subdued outlook for 2016/2017 . FY 2015/2016 group sales grew by 9.4 percent from 451.4 million euros to 494.0 million euros ($547.85 million) . FY EBIT improved at a similar rate and came in at 31.5 million euros (27.3 million euros) . Q1 2016/2017 sales amounted to some 113.5 million euros (previous year's period: 118.7 million euros) . Q1 incoming orders did not achieve exceptionally high level of previous year's quarter (146 million euros), but they were well above that of subsequent Q4 of previous year (105.1 million euros) . Forecasts for FY 2016/2017 stable group sales of around 480 million euros to 490 million euros .Results are unlikely to match previous year's level and should be between around 13.5 million euros and 14.5 million euros in FY 2016/2017.  Full Article

Gesco appoints Eric Bernhard new Chief Executive Officer
Tuesday, 31 May 2016 12:56am EDT 

Gesco AG : Said on Monday has appointed Eric Bernhard Chief Executive Officer with effect from July 1, 2016 .Said Hans-Gert Mayrose has informed Supervisory Board that he will not be available for extension of his term on Executive Board, which is set to end on Dec. 31, 2016, due to his personal plans for the future.  Full Article

Gesco appoints Eric Bernhard new Chief Executive Officer
Monday, 30 May 2016 01:57pm EDT 

Gesco AG : Said on Monday has appointed Eric Bernhard Chief Executive Officer with effect from July 1, 2016 .Said Hans-Gert Mayrose has informed Supervisory Board that he will not be available for extension of his term on Executive Board, which is set to end on Dec. 31, 2016, due to his personal plans for the future.  Full Article