EQS-Adhoc: GESCO SE: Doerrenberg sells business units foundry and steelworks
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EQS-Ad-hoc: GESCO SE / Key word(s): Investment/Change in Forecast The subsidiary Doerrenberg Edelstahl GmbH has successfully sold its two business units “Foundry” and “Steelworks” to Callista Private Equity GmbH. The corresponding contract was signed today and the takeover will take effect on January 1, 2025. It was agreed not to disclose the purchase price. In the current financial year, the two divisions are expected to generate sales of €19 million (previous year: €28 million). This decline in sales is due to the challenging economic market environment and the increasing price pressure from competitors. Doerrenberg intends to use this sale to focus on its core competence as an internationally operating tool steel distribution organization. The Surface Technology (Coating & Hardening) and Construction Solutions for complex cast components (Casting Products) units are not affected by the transaction and remain part of the Doerrenberg Group. After intensive deliberations, GESCO and Doerrenberg have examined various options and held talks with a number of potential investors in order to find the best long-term solution for the two business units. In Callista, a buyer has been found that has extensive experience in acquiring companies undergoing change and also has broad and relevant industry experience. This transaction marks a very positive conclusion of the targeted transformation process for both Doerrenberg and the affected employees. In the course of the sale, all material assets, contractual relationships and employees belonging to the business units will be transferred to the buyer as part of the business transfer. The buyer will also assume the existing company agreements and is committed to the reconciliation of interests negotiated with the employee representatives. The sale of the loss-making business units at Doerrenberg will result in a one-time charge of around €4.5 million to the 2024 annual result. On the other hand, the transaction will increase the operating result (EBIT) by an amount in the low single-digit millions annually in the future. Due to the expected one-off effects of the sale, the forecast for the annual result has been adjusted to between €3.5 million and €7.5 million. In terms of pure operations, the Management Board is maintaining the previous forecast.
About GESCO: GESCO SE is an industrial group with market- and technology-leading companies in the capital goods industry specialising in process, resource, healthcare and infrastructure technology. As a Prime Standard-listed company, GESCO SE gives private and institutional investors access to a portfolio of hidden champions in the industrial SME sector. Contact GESCO: Peter Alex Phone: +49 (0) 202 24820-18 End of Inside Information
18-Dec-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | GESCO SE |
| Johannisberg 7 | |
| 42103 Wuppertal | |
| Germany | |
| Phone: | +49 (0)202 24820 18 |
| Fax: | +49 (0)202 2482049 |
| E-mail: | ir@gesco.de |
| Internet: | www.gesco.de |
| ISIN: | DE000A1K0201 |
| WKN: | A1K020 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2054139 |
| End of Announcement | EQS News Service |
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2054139 18-Dec-2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 580,25 | 439,62 | 397,23 | 488,05 | 582,27 | 560,72 | 530,00 | |
| EBITDA1,2 | 68,38 | 44,04 | 33,36 | 62,19 | 67,74 | 59,04 | 61,50 | |
| EBITDA-Margin3 | 11,79 | 10,02 | 8,40 | 12,74 | 11,63 | 10,53 | 11,60 | |
| EBIT1,4 | 42,10 | 23,47 | 16,69 | 44,57 | 49,43 | 35,84 | 38,00 | |
| EBIT-Margin5 | 7,26 | 5,34 | 4,20 | 9,13 | 8,49 | 6,39 | 7,17 | |
| Net Profit (Loss)1 | 25,77 | 13,73 | -15,98 | 29,46 | 36,26 | 22,14 | 11,00 | |
| Net-Margin6 | 4,44 | 3,12 | -4,02 | 6,04 | 6,23 | 3,95 | 2,08 | |
| Cashflow1,7 | 13,75 | 38,55 | 59,65 | 51,70 | 10,69 | 31,18 | 0,00 | |
| Earnings per share8 | 2,46 | 1,14 | -1,53 | 2,48 | 3,12 | 1,93 | 1,05 | |
| Dividend per share8 | 0,90 | 0,23 | 0,00 | 0,98 | 1,00 | 0,40 | 0,50 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Forvis Mazars
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Gesco | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A1K020 | DE000A1K0201 | SE | 142,54 Mio € | 24.03.1998 | Kaufen | 9F39743W+J7 |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 7,74 | 14,56 | 0,53 | 8,39 | 0,53 | 4,43 | 0,25 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 1,00 | 0,40 | 0,50 | 3,80% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 25.06.2025 | 09.05.2025 | 13.08.2025 | 12.11.2024 | 29.04.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -4,43% | -15,74% | -29,30% | -28,14% | +144,42% |
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