OTE0007 / 02.09.2010 / 18:42 / Channel: Finanzen / Aussender: GESCO AG
Stichworte: Annual & Special Corporate Meetings


EANS-News: GESCO Annual General Meeting: Executive Board confirms positive outlook = 


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Wuppertal (euro adhoc) - Wuppertal, 2 September 2010 - Today´s Annual General
Meeting of GESCO AG has approved a dividend of EUR 1.30 per share for the past
financial year 2009/2010. The year of the recession was clearly profitable for
the Group which achieved Group net income after minority interest of EUR 8.9
million. 

During the Annual General Meeting, the Executive Board confirmed plans for the
current 2010/2011 financial year (1 April 2010-31 March 2011) which had been
published in June 2010. The Group is anticipating Group sales between EUR 290
and 320 million and Group net income after minority interest of EUR 9 to 11
million. Already in its report for the first quarter on 12 August, 2010, GESCO
AG had pointed out the surge in incoming orders and a continuation of this
positive development in the second quarter.  

Points on the agenda of today's Annual General Meeting included authorisation to
buy back own shares, approving the new system of Executive Board remuneration
and electing new members to the Supervisory Board. All agenda points were
adopted as proposed with vast majority. Mr. Willi Back, Mr. Klaus
Möllerfriedrich and Mr. Rolf-Peter Rosenthal were confirmed as members of the
Supervisory Board. 

About GESCO AG 
GESCO AG is a financial holding for a group of industrial SMEs. It acquires
successful, established niche providers, mainly in the form of a business
succession agreement, with the objective of retaining long-term involvement in
the companies while developing their business. GESCO AG is listed on the Prime
Standard and SDAX and offers private and institutional investors the opportunity
of accessing SMEs.

Further inquiry note:
Oliver Vollbrecht
Leiter Investor Relations
T.: +49(0)202 24820 18
info@gesco.de
end of announcement                               euro adhoc 
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issuer:   GESCO AG
          Döppersberg 19
          D-42103 Wuppertal
phone:    +49(0)202 24820 0
FAX:      +49(0)202 24820 49
mail:     info@gesco.de
WWW:      http://www.gesco.de
sector:   Economy, Business & Finance
ISIN:     DE0005875900
indexes:  SDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
          Hamburg, Stuttgart, Düsseldorf, München 
language: English

	
							
												
							
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