Gesco AG: Group earnings for the first nine months already at the level of the full year 2021
EQS-News: Gesco AG / Key word(s): 9 Month figures/Quarterly / Interim Statement
Prime Standard-listed GESCO AG, an industrial group of medium-sized market- and technology-leading companies, informs in its 9-Month Report 2022 published today on a consistently pleasing business performance.
All key financial indicators again improved significantly compared to the same period last year. Sales increased by 24% compared to the same period last year (Q3/2022: € 435.4 million; Q3/2021: € 351 million). EBIT improved by 47% and the EBIT margin increased by 147 basis points from 7.9% to 9.4%. Group earnings increased very significantly to € 26.3 million and thus already reached the level of the entire 2021 financial year by the end of the third quarter.
The gratifying business development was achieved through further gains in market share and the high adjustment speed of the subsidiaries in the form of timely passing on of price increases while at the same time successfully stabilising the supply chains. The positive effects of the Excellence Programmes also played an important role.
GESCO confirms the increased forecast published in October 2022 for sales in the range of
The full 9-month report 2022 is available at: www.gesco.de/en/investor-relations/financial-reports.
1)After minority interests 2)XETRA closing price as of the balance sheet date 3)Number as of the balance sheet date
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.
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