GESCO SE
ISIN: DE000A1K0201
WKN: A1K020
16 December 2024 02:30PM

EQS-News: GESCO SE sells AstroPlast Kunststofftechnik

GESCO SE · ISIN: DE000A1K0201 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2052105

EQS-News: GESCO SE / Key word(s): Investment/Disposal
GESCO SE sells AstroPlast Kunststofftechnik

16.12.2024 / 14:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


  • Contract for sale of AstroPlast Kunststofftechnik GmbH & Co. KG signed
  • Management buy-out by managing director
  • GESCO optimizes portfolio as announced

GESCO SE will sell 100% of its shares in AstroPlast Kunststofftechnik to the managing director Dennis Gattermann. Mr. Gattermann has been with the company since 2022 as an investment manager and since 2023 successfully as managing director. The closing is planned by the end of the financial year. AstroPlast, which currently has around 70 employees and generates sales of approximately € 15 million, specializes in the production of technically sophisticated large parts, products made of crystal-clear thermoplastics and the use of secondary materials. The parties have agreed not to disclose the details of the contract.

Both sides will benefit from this strategic decision: GESCO is optimizing its own portfolio as announced and focusing on companies with a greater depth of added value and international ambitions, while AstroPlast is given greater freedom for independent growth. AstroPlast is a healthy company with modern machinery. As a local, highly automated contract manufacturer with relatively little degree of vertical integration, the business model of AstroPlast differs from most other GESCO Group companies.

“We have a win-win situation here,” emphasizes Johannes Pfeffer, CEO of GESCO SE. ”With this transaction, we are increasing the focus and thus the profitability of GESCO Group in the medium term. AstroPlast, on the other hand, is optimally positioned to develop independently under the proven leadership of Mr. Gattermann. This solution reflects the continuity of our investment portfolio very well: whenever we have to decide on a separation, we try to find the best long-term path for the company and its employees. In addition, we want to make a concrete contribution to ensuring that the company remains successful and continues to develop positively after the separation. I myself will continue to be actively involved here in the form of an advisory board,” says Johannes Pfeffer.

Dennis Gattermann sees great potential in the takeover: “The MBO is a great opportunity to continue our growth independently. I would like to thank GESCO SE for their trust and look forward to further expanding AstroPlast's innovative strength and market position.”

 

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.

 

About AstroPlast:

AstroPlast is a specialist in the production of technically demanding large parts, products made of crystal-clear thermoplastics and the use of secondary materials. On the basis of its high level of internal expertise in process engineering, its machine pool with clamping forces of 50t to 2,300t and its own toolmaking, AstroPlast wins customers, for example, from the electrical and household appliance industry, the construction industry, develops and manufactures for lighting manufacturers, for medical technology as well as for the logistics and disposal industry. In addition, the company develops and sells its own range of special coils made of plastic, which are supplied to producers of wires, cables, tapes or optical fibers.

AstroPlast has been part of the GESCO Group since 1995.

 

Contact GESCO:

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

 

Contact AstroPlast:

Dennis Gattermann
CEO

Tel.: +49 (0) 291/95295-10
E-Mail: d.gattermann@astroplast.de
Internet: www.astroplast.de



16.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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: 2052105

 
End of News EQS News Service

2052105  16.12.2024 CET/CEST

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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
Quelle: boersengefluester.de and Company information
Explanation

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
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
1,00 0,40 0,50 3,80%
Financial calendar
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
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-1,50%
13,15 €
ATH 36,17 €
-4,43% -15,74% -29,30% -28,14% +144,42%

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