GESCO SE

GSC1

Equity

ISIN DE000A1K0201 / Valor 13790258

Xetra (2024-12-23)

EUR 13.25+1.15%

GESCO SE
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About company

GESCO SE is a long-term investor that specializes in acquiring successful industrial SMEs, with a focus on building a strong group of market and technology leaders known as "hidden champions." Founded in 1989, GESCO went public in 1998 and its shares are listed in the Prime Standard. The company's approach is long-term oriented and sustainable, aiming to continue proven business models while developing them further to maximize growth potential and ensure the future of the Group. By creating added value for shareholders, employees, customers, suppliers, and business partners, GESCO SE strives to maintain its position as a leading player in the industrial sector.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Decline

GESCO SE reported a significant decline in sales for the first half of 2024, with total sales amounting to €252.8 million. This represents a 13.4% decrease compared to the same period in the previous year, where sales were €292.1 million. The decline is attributed to subdued demand across various sectors.

EBIT and EBITDA

For the first half of 2024, GESCO SE's EBITDA fell sharply to €15.7 million, a significant drop from €31.7 million in the same period of 2023. Similarly, EBIT also saw a substantial decrease, falling to €6.6 million from €22.8 million in the previous year. The decline in earnings is primarily due to lower sales and higher personnel costs.

Net Earnings

GESCO SE's consolidated net earnings after minority interests for the first half of 2024 were just €2.0 million, a stark contrast to the €14.3 million reported in the same period of 2023. This significant drop in net earnings reflects the challenging economic conditions and increased costs faced by the company.

Earnings Per Share

In the first half of 2024, GESCO SE's earnings per share (EPS) were €0.19, down from €1.32 in the same period of the previous year. The decrease in EPS is in line with the overall decline in net earnings and highlights the financial challenges the company is currently facing.

Outlook

Despite the challenging first half of 2024, GESCO SE anticipates an increase in earnings in the second half of the year. This expectation is based on the usual delivery of some mechanical engineering projects towards the end of the year and a still satisfactory order backlog. The company remains cautiously optimistic about a gradual recovery in demand.

Summarized from source with an LLMView Source

Key figures

-27.2%1Y

-46.6%3Y

-28.1%5Y

Performance

26.2%1Y

32.6%3Y

37.7%5Y

Volatility