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Gesco AG (GSC1n.DE)

GSC1n.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

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

Gesco FY 2015/16 net income up 30 pct at 16.1 million euros
Wednesday, 25 May 2016 07:33am EDT 

Gesco AG : Increased group sales by a good 9 pct to approximately 494 million euros ($550.51 million) in financial year 2015/2016 (1 April 2015 to 31 March 2016) . FY group net income after minority interest climbed by 30 pct to approximately 16.1 million euros (previous year: 12.4 million euros) . Expects sales to remain more or less unchanged in financial year 2016/2017 (1 April 2016 to 31 March 2017) . Group net income after minority interest is likely to be down approximately 10 pct year on year in FY 2016/2017 .Dividend proposal of 2.00 euros per share.  Full Article

GESCO comments on FY 2015/2016 outlook
Monday, 15 Feb 2016 01:35am EST 

GESCO AG:Company forecast FY 2015/2016 group sales of between 480 mln euros and 490 mln euros. Now it expects sales to come in at upper end of that range.FY group net income after minority interest company now company expects a value of around 16 mln euros.FY 2015/2016 sales estimate 486.06 mln euros - Thomson Reuters I/B/E/S.  Full Article

GESCO AG raises FY 2015/2016 outlook in line with analysts' estimates
Thursday, 11 Feb 2016 08:06am EST 

GESCO AG:Raises earnings guidance for FY 2015/2016 ‍.Now expects FY net income after minority interest to come in at around 16 million euros.‍Most recently published guidance forecast group sales of between 480 million euros and 490 million euros; now company expects sales to come in at upper end of that range​.FY 2015/2016 revenue estimate 488.06 million euros - Thomson Reuters I/B/E/S.  Full Article

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