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 e [ … ]

According to preliminary and unaudited figures, Group sales in the first half of 2024 amounted to around EUR 252.8 million (H1/2023: EUR 292.1 million). In the first six months, the Group generated a consolidated EBIT of around EUR 6.6 million (H1/2023: EUR 22.8 million) and a consolidated net profit after minority interests of EUR 2.0 million (H1/ [ … ]

The Supervisory Board of GESCO SE announced today that Johannes Pfeffer will succeed CEO Ralph Rumberg, who will leave the Company on 30 June 2024. Pfeffer, who holds a Dipl.-Phys. & MBA, is expected to assume his new role on 1 October 2024. Stefan Heimöller, Chairman of the Supervisory Board of GESCO SE, commented: "The Supervisory Board agre [ … ]

The Executive Board of GESCO SE resolved today, with the approval of the Supervisory Board, to buy back up to 500,000 no-par value registered shares of the Company ("GESCO Shares") at a purchase price per GESCO Share of EUR 17.80 (the "Offer Price") by way of a voluntary public share buyback offer ("Public Buyback Offer"). The Public Buyback Offer  [ … ]

Group sales and earnings meet forecast Management proposes dividend of € 0.40 According to preliminary figures, the subsidiaries of Prime Standard-listed GESCO SE performed well operationally in financial year 2023 in a challenging macroeconomic environment. The forecast updated in Novemberr 2023 was met with Group sales of € 560.7 million (foreca [ … ]