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GESCO AG

EANS-Adhoc: GESCO strengthens balance sheet during the recession and expects growth

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
29.06.2010
Wuppertal, 29 June 2010 - The SDAX listed investment holding company 
GESCO AG can look back on Group sales of EUR 277.7 million (previous 
year: EUR 378.4 million) and Group net income after minority interest
of EUR 8.9 million (previous year: EUR 21.6 million) as well as 
earnings per share according to IFRS of EUR 2.95 (previous year: EUR 
7.16) in financial year 2009/2010 (1 April 2009 - 31 March 2010). 
These figures fell within the forecast published in June 2009.
GESCO Group closed the crisis year with an exceptionally strong 
balance sheet. The equity ratio now amounts to 42.7 %, liquid assets 
to EUR 26.9 million and the debt ratio is comfortably low with a 
ratio between net liabilities to banks and EBITDA of 1.7. In 
addition, goodwill poses just a small risk to the company´s finances,
as it totals only 6.4 % of equity.
In view of the improved economic situation, the company is 
forecasting Group sales between EUR 290 million and EUR 320 million 
and Group net income after minority interest of between EUR 9 million
and EUR 11 million, corresponding to earnings per share according to 
IFRS between EUR 2.98 and EUR 3.64, for the new financial year 
2010/2011 (1 April 2010 - 31 March 2011).
Business livened up considerably in the first quarter of financial 
year 2010/2011, which comprises the operating months January to March
of the Group´s subsidiaries. Incoming orders came to EUR 87.8 
million, up 42.9 % on the same quarter in the previous year (EUR 61.4
million), and with EUR 76.8 million, sales were 4.3 % higher than in 
the previous year (EUR 73.6 million).
The company will discuss its financial statements for 2009/2010 and 
forecast for financial year 2010/2011 at the accounts press 
conference and analysts´ meeting on 29 June 2010.
The detailed press release and the Annual Report 2009/2010 will be 
available at www.gesco.de from 29 June 2010, 8:30 hours (GMT+1).
GESCO AG
Investor Relations, Oliver Vollbrecht
Phone: +49 (0)202 2482018, Fax: +49 (0)202 2482049
E-mail:  info@gesco.de, Website: 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: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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