EQS-Adhoc: GESCO AG raises forecast 2022

• Successful business year solidifies
• Group net earnings expected in new range of 30.7 - 32.2 million

GESCO AG, listed in the Prime Standard, is increasing its forecast for Group net earnings* in 2022. The half-year figures for 2022 confirmed the forecast for the full year 2022 published at the beginning of the year and specified that Group sales ( 565 - 585 million) and Group net earnings ( 28.0 - 30.5 million) were expected to reach the upper range.

The current development of the business figures is supported by the high adjustment speed in the passing on of price increases and the simultaneous successful stabilisation of the supply chains. In addition, there are further positive effects from the efficiency programmes. This leads to the forecast that the Group net earnings for 2022 will be in the range of 30.7 - 32.2 million.

Group sales in 2022 is still expected to be within the communicated range of 575 - 585 million.

Intended acquisitions are not taken into account in this forecast.

_{*after minority interests}

About GESCO:

GESCO AG is an industrial group with market- and technology-leading companies in the capital goods industry with a focus on process, resource as well as healthcare and infrastructure technology. As a company listed in the Prime Standard, GESCO SE gives private and institutional investors access to a portfolio of hidden champions of the German industrial SME sector.

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