DGAP-News

GESCO takes stock of financial year 2021 and publishes outlook for 2022

DGAP-News: Gesco AG / Key word(s): Annual Report/Forecast GESCO takes stock of financial year 2021 and publishes outlook for 2022 21.04.2022 / 07:30 The issuer is solely responsible for the content of this announcement. - Preliminary business figures 2021 confirmed - Earnings per share increased to € 2.48 (previous year € 0.54) - Outlook:

- Sales: € 565 - 585 million
- Net profit (after minority interests) of € 28.0 - 30.5 million

- Financial results press conferenceis broadcast live on the GESCO website

GESCO AG, an industrial group of medium-sized market and technology leading companies listed in the Prime Standard, summarises the past financial year 2021 and explains the outlook for the current financial year 2022 at its annual press and analyst conference.

With the Annual Report published today, GESCO AG confirms its preliminary figures for the financial year 2021 published on 9 March 2022.

Despite a difficult market environment, Group sales in 2021 increased by 23% to € 488 million (previous year: € 397 million). The consolidated annual result rose disproportionately to sales to a record level of € 26.9 million (previous year: €5.8 million). This results in earnings per share of € 2.48 (2020 from continuing operations: € 0.54).

GESCO pursues a dividend strategy according to which between 20 and 60 % of the net profit for the year is to be distributed as a dividend. In the dividend proposal for the upcoming Annual General Meeting, the Executive Board and Supervisory Board have taken into account the shareholders' interest in paying a substantial dividend as well as the need for liquid funds for acquisitions. In order to do justice to both aspects, the dividend proposal lies in the middle of the communicated range. At € 0.98 per share, the highest dividend in the Company's history will be proposed to the upcoming Annual General Meeting.