21.12.2020 Gesco AG  DE000A1K0201

DGAP-Adhoc: GESCO AG closes mobility technology segment, undertakes largest portfolio adjustment in company history and renews outlook for financial year 2020


 

DGAP-Ad-hoc: Gesco AG / Key word(s): Disposal/Forecast
GESCO AG closes mobility technology segment, undertakes largest portfolio adjustment in company history and renews outlook for financial year 2020

21-Dec-2020 / 21:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Wuppertal, 21 December 2020 - GESCO AG has concluded a contract today on the sale of a group of six subsidiaries. The acquirer is a fund of Evoco AG, Zurich, an investor specialised in the acquisition and development of medium-sized portfolios.

Within the scope of the NEXT LEVEL strategy, GESCO closes the Mobility Technology segment and carries out the largest portfolio adjustment in company history. The four companies that make up the Mobility Technology segment as well as Frank Walz- und Schmiedetechnik GmbH and C.F.K. CNC-Fertigungstechnik Kriftel GmbH will be divested. The closing of the transaction is expected to take place for five of the six companies shortly after the signing of the contract; for Paul Beier GmbH & Co. KG from the Mobility Technology segment, the closing is subject to the granting of regulatory approval.

Based on the figures for financial year 2020, GESCO thereby disposes of roughly € 90 million in sales and some € -15 million in Group EBIT, which consists of an opearating loss of around € -1.5 million and € -13.5 million in impairment losses from impairment tests already carried out in the summer of 2020.

The purchase price amounts to € 27 million and is accompanied by a net cash inflow of € 15 million, which is partially earmarked for reduction of liabilities and partially for acquisitions. In addition, the buyer assumes net liabilities, pension obligations and lease liabilities of in total approximately € 28 million.

Taking into account the transaction and better-than-expected operating business, the outlook for continuing operations for 2020 as a whole has been renewed. The Executive Board now expects Group sales of approximately € 400 million (previously: exceeding € 450 million including the companies which have been sold). In terms of Group net income for the year after minority interest before impairment losses, the Executive Board had expected to at least break even; taking into account the impairment losses, this corresponded to a figure at or exceeding € -13.5 million. Upon completion of the transaction, the Executive Board now expects Group net income for the year after minority interest from continuing operations of roughly € 5 million.

Further information on the transaction can be found in the GESCO AG press release published today.

The key figures Group sales, Group EBIT and Group net income after minority interest are used as in the consolidated financial statements of GESCO AG as at 31 December 2019, available on the internet at http://www.gesco.de/en/financial-reports.

 


Contact:

Head of Investor Relations, Oliver Vollbrecht
Tel. +49-202 24820-18
Fax +49-202 24820-49
E-Mail: [email protected]
Internet: www.gesco.de

21-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Gesco AG
Johannisberg 7
42103 Wuppertal
Germany
Phone: +49 (0)202 248200
Fax: +49 (0)202 2482049
E-mail: [email protected]
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: 1156783

 
End of Announcement DGAP News Service

1156783  21-Dec-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1156783&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 482,48 547,19 580,25 439,62 397,23 488,05 530,00
EBITDA1,2 49,75 57,40 68,38 44,04 33,36 62,19 58,00
EBITDA-Marge3 10,31 10,49 11,78 10,02 8,40 12,74 10,94
EBIT1,4 22,14 33,79 42,10 23,47 16,69 44,57 41,50
EBIT-Marge5 4,59 6,18 7,26 5,34 4,20 9,13 7,83
Jahresüberschuss1 9,73 18,17 25,77 13,73 -15,98 29,46 27,40
Netto-Marge6 2,02 3,32 4,44 3,12 -4,02 6,04 5,17
Cashflow1,7 41,92 38,51 13,75 38,55 59,65 51,70 50,00
Ergebnis je Aktie8 0,79 1,49 2,46 1,14 -1,53 2,48 2,30
Dividende8 0,35 0,60 0,90 0,23 0,00 0,98 0,75
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Mazars

INVESTOR-INFORMATIONEN
©boersengefluester.de
Gesco
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1K020 24,300 Kaufen 263,40
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,35 15,94 0,59 17,60
KBV KCV KUV EV/EBITDA
1,13 5,09 0,54 4,73
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,98 4,03 24.08.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
13.05.2022 12.08.2022 14.11.2022 21.04.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,34% -0,21% -4,71% 11,98%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Gesco AG  ISIN: DE000A1K0201 können Sie bei DGAP abrufen


Beteiligungen , A1K020 , GSC1 , XETR:GSC1