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GESCO AG

GESCO stays on track in the nine month period

Wuppertal (euro adhoc) -

- Significant growth in the nine month period
- Third quarter shows slowdown in incoming orders
- Full year guidance confirmed
- Mayrose emphasises financial strength and sees 
better chances of acquisitions
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
cooperations
Wuppertal, 12 February 2009 - The SDAX
listed investment company GESCO AG can look back at a successful nine
month period (1 Apr. 2008 to 31 Dec. 2008) of the financial year 
2008/2009 (1 Apr. 2008 to 31 Mar. 2009). After an extremely strong 
first six months, the third quarter returned mixed results: while 
sales remained at record levels, incoming orders started to show 
signs of a slowdown. On the whole, the company confirmed its targets 
for the full year.
In the first nine months, incoming orders at GESCO Group increased by
7% compared to the same period in the previous year, up from EUR 286 
million to EUR 306 million. Sales rose by 17 % to EUR 293 million 
(previous year´s period EUR 251 million).
Earnings before interest, taxes, depreciation and amortisation 
(EBITDA) experienced slightly stronger growth than sales increasing 
by 18 % to EUR 40 million (EUR 34 million). Earnings before interest 
and taxes (EBIT) recorded an even stronger increase of 21 % and 
amounted to EUR 33 million (EUR 27 million). The financial result 
showed little change coming in at EUR -2.8 million. Group net income 
after minority interest went up by 33 % and totalled EUR 18 million 
(EUR 14 million). The reduced Group tax rate also contributed to this
strong above average growth. Earnings per share amounted to EUR 6.07 
compared to EUR 4.57 in the previous year´s period.
The Group´s workforce increased by 4 % compared to the previous 
year´s reporting date and amounted to 1,780 employees (1,710).
At the accounts press conference on 26 June 2008 the company forecast
Group sales of around EUR 370 million and Group net income after 
minority interest of about EUR 21.5 million as well as earnings per 
share of EUR 7.11. This guidance already factored in a degree of 
deterioration in economic momentum in the second half of the year, 
which did materialise. At the end of the nine month period we are 
confirming our guidance.
GESCO Executive Board member Dr. Hans-Gert Mayrose: "Given the 
financial crisis and the recession, investors and analysts are 
increasingly focusing on the health of balance sheets. GESCO Group 
has extremely healthy structures: The balance sheet is showing low 
goodwill, a low debt ratio, sound equity levels and liquid assets of 
around EUR 33 million. As a result, we are facing the recession from 
a position of financial strength and are also in the position to 
expand our portfolio through acquisitions. The opportunities to make 
acquisitions have improved considerably in the last few months. We 
believe there are good chances of us making one or more acquisitions 
in 2009."
Full quarterly report at www.gesco.de
About GESCO AG GESCO AG is the parent company of a group of highly 
profitable, small and medium-sized companies in the field of 
industrial Base Technologies. GESCO acquires successful niche 
providers, generally as part of succession arrangements, in order to 
retain and further develop these long term. As an SDAX listed company
GESCO AG offers private and institutional investors access to SMEs.
Investor / Public Relations: Oliver Vollbrecht
Phone +49 202 24820-18
Fax +49 202 24820-49
E-mail:  info@gesco.de
Internet: www.gesco.de
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: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

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