12.08.2022 Gesco AG  DE000A1K0201

DGAP-News: Strong first half-year for GESCO in 2022


 

DGAP-News: Gesco AG / Key word(s): Half Year Report/Half Year Results
Strong first half-year for GESCO in 2022

12.08.2022 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


  • Pleasing order intake (+16%) and increase in sales (+28%)
  • EBIT margin further expanded
  • Positive effects from excellence programmes
  • Group earnings doubled in H1/2022
  • Outlook 2022: Sales and Group earnings expected at the upper end of the range

 

GESCO AG, an industrial group of medium-sized market- and technology-leading companies listed in the Prime Standard, reports on a pleasing first half-year in its 2022 half-year report published today.

All key financial indicators improved significantly compared to the same period in the previous year. Order intake (H1/2022: € 318.7 million; H1/2021: € 274.5 million) and sales (H1/2022: € 291.4 million; H1/2021: € 228.1 million) increased by 16% and 28% respectively compared to the same period last year. The continued positive book-to-bill ratio of around 1.09 is evidence of the good demand in H1/2022. Consolidated net earnings rose disproportionately to more than double (H1/2022: € 16.8 million; H1/2021: € 8.2 million).

The main drivers in the first half of 2022 are the more visible progress made in the subsidiaries through the Excellence Programmes and the prompt and consistent passing on of the in part considerable increases in the cost of materials and energy. The GESCO subsidiaries reacted early, particularly in the situation of unstable supply chains, and were able to implement the good order situation. Delivery reliability has the highest priority in today's production processes and thus the close monitoring of supply chains in order to be able to react quickly. The stockpiling strategy was adapted to the respective situation in order to fulfil the orders and ensure the ability to deliver.

 

Outlook 2022: Sales and Group earnings expected at the upper end of the range

GESCO AG has started the second half of the year with a good first half behind it and is therefore still on track to achieve the communicated targets for the current financial year.

The challenges that already accompanied GESCO in the first half of the year are still present. The supply situation is being closely monitored, both in terms of supply chains and energy. The GESCO companies support efforts to save energy as best they can. Like almost every other company, GESCO Group subsidiaries are all part of supply chains. If there are disruptions due to energy shortages, for example, this can also affect companies that are actually coping well with the supply situation. Nevertheless, the effects of an energy bottleneck are very difficult to estimate and therefore the dynamics of the current situation do not allow any more precise statements regarding the possible extent on the subsidiaries.

Despite these challenging conditions, the Executive Board of GESCO AG remains confident about the current financial year. The outlook for 2022 as a whole is therefore confirmed and specified to the effect that Group sales (€ 565 to 585 million) and Group earnings (€ 28.0 to 30.5 million) are now expected to reach the upper range. This forecast does not take into account planned acquisitions.

The complete 2022 semi-annual report is available at www.gesco.de/en/investor-relations/financial-reports.

 

GESCO Group key figures (IFRS) in 01/01/2022 - 06/30/2022 01/01/2021 - 06/30/2021
(continued)
Change
(in %)
Incoming orders T€ 318,713 274,508 16.1%
Sales T€ 291,364 228,079 27.7%
EBITDA T€ 34,842 23,411 48.8%
EBIT T€ 25,873 15,235 69.8%
EBIT margin (in %) % 8.9% 6.7% 220 bp
EBT T€ 26,556 14,571 82.3%
Group result1) T€ 16,817 8,236 >100%
Earnings per share 1.55 0.76 >100%
Closing price2) 23.90 15.25 56.7%
Employees3) Number 1,816 1,744 4.1%

1) After minority interests. 2) XETRA closing price on the balance sheet date. 3) Number as at the balance sheet date

 

About GESCO:

GESCO AG is an industrial group with market and technology leading companies in the capital goods industry with a focus on process technology, resource technology as well as healthcare and infrastructure technology. As a company listed in the Prime Standard, GESCO AG gives private and institutional investors access to a portfolio of hidden champions of the German industrial SME sector.

 

Contact:

Peter Alex

Head of Investor Relations & Communications

Tel. +49 (0) 202 24820-18

Fax +49 (0) 202 24820-49

E-mail: [email protected]

Internet: www.gesco.de



12.08.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Gesco AG
Johannisberg 7
42103 Wuppertal
Germany
Phone: +49 (0)202 24820 18
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: 1419151

 
End of News DGAP News Service

1419151  12.08.2022 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 547,19 580,25 439,62 397,23 488,05 582,27 560,70
EBITDA1,2 57,40 68,38 44,04 33,36 62,19 67,74 66,35
EBITDA-Marge3 10,49 11,78 10,02 8,40 12,74 11,63
EBIT1,4 33,79 42,10 23,47 16,69 44,57 49,43 48,20
EBIT-Marge5 6,18 7,26 5,34 4,20 9,13 8,49 8,60
Jahresüberschuss1 18,17 25,77 13,73 -15,98 29,46 36,26 20,90
Netto-Marge6 3,32 4,44 3,12 -4,02 6,04 6,23 3,73
Cashflow1,7 38,51 13,75 38,55 59,65 51,70 10,69 0,00
Ergebnis je Aktie8 1,49 2,46 1,14 -1,53 2,48 3,12 1,93
Dividende8 0,60 0,90 0,23 0,00 0,98 1,00 0,35
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - 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 17,200 Kaufen 186,44
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,60 14,30 0,60 10,88
KBV KCV KUV EV/EBITDA
0,70 17,44 0,33 3,50
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
1,00 0,40 2,33 29.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
10.05.2024 13.08.2024 10.11.2023 11.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-0,34% -14,83% -7,53% -34,35%
    
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Beteiligungen , A1K020 , GSC1 , XETR:GSC1