GESCO AG (GSC1.DE) said it forecasts high-level sales and earnings for the new financial year 2012/2013.
The company expects slight sales growth to approximately 430 million euros and group net income after minority interest of around 20.5 million euros in the new financial year 2012/2013. This corresponds to earnings per share of 6.17 euros.
Sales in the first quarter increased 7.1 percent to 106.8 million euros from 99.7 million euros in the prior-year quarter.
In the first quarter of the new financial year 2012/2013, which includes the subsidiaries' operating business from January to March 2012, incoming orders amounted to 116.3 million euros slightly up on the very high figure of 115.9 million euros in the previous year's quarter.
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by RTT Staff Writer
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