GESCO SE publishes 3-month report 2024

EQS-News: GESCO SE / Key word(s): Quarterly / Interim Statement/Quarter
Results
GESCO SE publishes 3-month report 2024

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 EUR 570 - 590 million
(2023: EUR 561 million) and Group earnings (after minority interests) of EUR 26
- 28 million (2023: EUR 20.9 million).

The full 3-month report 2024 is available at
www.gesco.de/en/investor-relations/financial-reports.

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

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 +49 (0) 202 24820-18
Fax +49 (0) 202 24820-49
E-mail: ir@gesco.de
Internet: www.gesco.de


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10.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        GESCO SE
                   Johannisberg 7
                   42103 Wuppertal
                   Germany
   Phone:          +49 (0)202 24820 18
   Fax:            +49 (0)202 2482049
   E-mail:         ir@gesco.de
   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