euro adhoc: GESCO AG
Earnings Forecast
GESCO AG raises targets for financial year 2007/2008

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Wuppertal, 7 August 2007 - Prime Standard-listed holding company, GESCO AG, is raising its projections for financial year 2007/2008 (01.04.2007-31.03.2008) from those published on 27.06.2007.

The sales forecast has been increased from EUR 310 million to EUR 320 million (previous year: EUR 268 million). The forecast for Group net income for the year after third-party interest has risen from EUR 12.5 million to EUR 15.4 million (previous year: EUR 10.7 million before non-recurring effect respectively EUR 13.3 million including non-recurring effect from sale of a participation). The new projected figures include approx. EUR 0.5 million in book earnings from deferred taxes, which must be disclosed under IFRS in light of the recent corporation tax reforms. The projection for earnings per share under IFRS has grown from EUR 4.13 to EUR 5.09 (previous year: EUR 3.89 before non-recurring effect resp. EUR 4.83 incl. non-recurring effect).

Further information on the company outlook is contained in the report for the first quarter (01.04.-30.06.2007) of the financial year 2007/2008, which will be published on 15 August 2007.

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ots Originaltext: GESCO AG
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Further inquiry note:
Oliver Vollbrecht
Leiter Investor Relations
T.: +49(0)202 24820 18

Branche: Economy, Business & Finance
ISIN:      DE0005875900
WKN:        587590
Index:    CDAX, Classic All Share, Prime All Share
Börsen:  Börse Frankfurt / official dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / free trade

Weitere Meldungen: GESCO AG

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