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GESCO AG

GESCO AG confirms outlook after first half year

Wuppertal (euro adhoc) -

-	Incoming orders and sales increase strongly
-	Earnings grow above average 
-	Full year guidance confirmed
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
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Wuppertal, 10 November 2008 - The SDAX
listed investment holding company GESCO AG is reporting continuing 
dynamic operating business in the first half year (1 Apr. to 30 Sept.
2008) of the financial year 2008/2009 (1 Apr. 2008 to 31 Mar. 2009) 
and has confirmed its full year guidance.
Incoming orders increased by 21 % to EUR 218 million (previous period
EUR 180 million). Sales also grew considerably by 16 % and amounted 
to EUR 193 million (EUR 165 million). Key figures for operating 
earnings developed again better than sales: Earnings before interest,
taxes, depreciation and amortisation (EBITDA) grew by 29 % from EUR 
23 million to EUR 29 million and earnings before interest and taxes 
(EBIT) increased by 35 % to EUR 24 million (EUR 18 million). Group 
net income after minority interests grew by 43 % and reached EUR 13.6
million (EUR 9.5 million). This was also influenced by a lower tax 
bill in the wake of the tax reform. Earnings per share amounted to 
EUR 4.51 (EUR 3.15).
The workforce increased by 3.8 %, up from 1,675 to 1,738 employees 
year-on-year.
At the accounts press conference on 26 June 2008, the company 
forecasted Group sales of EUR 370 million (previous year EUR 333 
million) and Group net income after minority interests of EUR 21.5 
million (EUR 17.8 million) as well as earnings per share of EUR 7.11 
(EUR 5.92). Based on the figures for the first half year the company 
is confirming this guidance.
GESCO Executive Board member Dr. Hans-Gert Mayrose on the half year 
figures: "Given the extremely positive economic development in the 
first half of the year, based on current knowledge we believe that we
have a good chance of comfortably achieving or exceeding the guidance
in business operations. These opportunities stand in contrast to the 
high levels of uncertainty regarding general economic development. 
Considering these opportunities and risks, we are leaving the 
guidance at the level that we communicated at the accounts press 
conference."
Read the full quarterly report at www.gesco.de.
About GESCO AG GESCO AG is the parent company of a group of 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 Relations - Oliver Vollbrecht
Phone +49 (0) 2 02 2 48 20 18 - Fax +49 (0) 2 02 2 48 20 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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