GESCO SE / DE000A1K0201

GESCO SE publishes 3-month report 2024

GESCO SE / Key word(s): Quarterly / Interim Statement/Quarter Results


10.05.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Cautious start to 2024 as expected Slight upturn in incoming orders Forecast for the 2024 financial year confirmed Prime Standard-listed GESCO SE, an industrial group of medium-sized market and technology leaders, today published its 3-month report 2024. The current development of business figures is characterised by the recessionary trends in Germany and particularly in the mechanical engineering sector and the continuing instability of the global situation. The demand situation at our subsidiaries is mixed. While some subsidiaries continue to be confronted with low demand, others are already showing signs of stabilisation and, in some cases, a slight improvement. After the first quarter of 2024 developed cautiously as expected and there is currently only a moderate upturn, we continue to expect economic activity to pick up in the second half of the year. In addition to the corresponding forecasts from economic institutes and industry experts, our order intake is also slowly picking up. In the reporting period, it was higher than sales in all segments and was 14.5% higher than sales for the Group as a whole. The forecast for the 2024 financial year therefore remains unchanged: The Executive Board anticipates an increase in sales to € 570 - 590 million (2023: € 561 million) and Group earnings (after minority interests) of € 26 - 28 million (2023: € 20.9 million). The full 3-month report 2024 is available at www.gesco.de/en/investor-relations/financial-reports.

Key figures of the GESCO Group (IFRS)	in	01/01/2024 – 03/31/2024	01/01/2023 – 03/31/2023	Change (in %)
Incoming orders	T€	142,293	157,500	-9.70%
Turnover	T€	124,297	147,270	-15.60%
EBITDA	T€	8,555	15,824	-45.90%
EBIT	T€	4,037	11,530	-65.00%
EBIT margin (in %)	%	3.20%	7.80%	-458 bp
EBT	T€	2,901	10,719	-72.90%
Consolidated net income 1)	T€	1,786	6,730	-73.50%
Earnings per share (in €)	€	0.16	0.62	-74.20%
Closing price (in €) 2)	€	17.45	26.4	-33.90%
Employees3)	Number	1,877	1,890	-0.70%

1) After minority interests2) XETRA closing price on the balance sheet date3)  Number on the balance sheet date   About GESCO: GESCO SE is an industrial group with market- and technology-leading companies in the capital goods industry specialising in process, resource, healthcare and infrastructure technology. As a Prime Standard-listed company, GESCO SE gives private and institutional investors access to a portfolio of hidden champions in the industrial SME sector.   Contact: Peter Alex
Head of Investor Relations Phone [phone]
Fax [phone]
E-mail: [e-mail]
Internet: www.gesco.de

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10.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language:	English
Company:	GESCO SE
	Johannisberg 7
	42103 Wuppertal
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.gesco.de
ISIN:	DE000A1K0201
WKN:	A1K020
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1899885

End of News	EQS News Service

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1899885  10.05.2024 CET/CEST