EQS-News: GESCO SE: Successful start to the new business year

• Incoming orders continue to exceed sales
• Solid quarter-on-quarter increase in sales
• Group earnings at a good level

With the publication of its quarterly statement for the first quarter of 2023, GESCO SE, an industrial group of medium-sized market and technology leaders listed in the Prime Standard, confirms the preliminary figures and the outlook for the current full year already published on 18 April 2023 at the annual press and analysts' conference.

At 157.5 million, order intake in Q1 2023 was slightly below the record order intake of the first quarter of 2022 ( 168.8 million) and thus follows the slightly gloomier economic situation. Order intake in the Process and Health & Infrastructure Technology segments was below the previous year's level, while it was higher in the Resources Technology segment.

At 6.7 million, Group earnings developed as planned. It should be noted that one-off positive effects made a noticeable contribution in the comparable quarter of 2022. Adjusted for this one-off effect, Group earnings is at a comparable level.

With the established excellence programmes and high agility, we are confident that we will be able to build on the past successful business years and further expand our market shares in the current year. With the solid start to the new financial year behind us, we are confident about the current financial year, despite the well-known general conditions: With consolidated sales in a range of  600 million to 620 million, we expect Group earnings after minority interests in a range of 32.0 million to 34.0 million. This forecast does not, of course, take into account planned acquisitions.

The full interim statement for the first quarter of 2023 is available at www.gesco.de/en/investor-relations/financial-reports.

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

About GESCO:

GESCO SE is an industrial group with market- and technology-leading companies in the capital goods industry with a focus on process, resource and healthcare and infrastructure technology. As a Company listed in the Prime Standard, GESCO SE 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

Tel. +49 (0) 202 24820-18
Fax +49 (0) 202 24820-49
E-mail: ir@gesco.de
Internet: www.gesco.de