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EQS-News: GESCO SE / Key word(s): Quarterly / Interim Statement/Quarter Results
GESCO SE publishes 3-month report 2024
2024-05-10 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
. 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 GESCO Group (IFRS) in     01/01/2024 - 03/31/2024 01/01/2023 - 03/31/2023 Change (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 ^1)           TEUR     1,786                   6,730                   -73.50% 
Earnings per share (in EUR)             EUR      0.16                    0.62                    -74.20% 
Closing price (in EUR) ^2)              EUR      17.45                   26.4                    -33.90% 
Employees^3)                          Number 1,877                   1,890                   -0.70% 

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^1) After minority interests^2) XETRA closing price on the balance sheet date^3) 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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2024-05-10 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

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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 2024-05-10 CET/CEST

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May 10, 2024 01:30 ET (05:30 GMT)