Management Report:
Key facts
GESCO stands firmly alongside its portfolio companies as an active partner, working with them to master the challenges of the market and create long-term value for shareholders.
“We set a lot of things in motion last year that will bear fruit in the current year and beyond. With the new GESCO Business System, the completed resegmentation and the sales at the end of 2024, we have set the course for profitable growth.”
Johannes Pfeffer
CEO
“Our Company has a very strong balance sheet, which enables us to take advantage of inorganic growth opportunities. We have the necessary deal flow, the team and the will to execute.”
Andrea Holzbaur
CFO
Robust development in a challenging environment
513.8
€ million
Sales
15.2
€ million
EBIT
4.4
€ million
Group earnings
Group earnings amounted to € 513.8 million in the 2024 financial year, compared with € 560.7 million in the previous year. This development is primarily attributable to the difficult economic environment, which particularly affected the mechanical engineering and automotive sectors. The Group’s foreign share of 53.3 % confirms the successful internationalisation strategy of recent years. Earnings before interest and taxes reached € 15.2 million and the consolidated net profit for the year was € 4.4 million.
0.42
€
Earnings per share
0.10
€
Dividend
62.3
%
Equity ratio
Earnings per share amounted to € 0.42. Against this backdrop, the joint proposal by the Management Board and Supervisory Board to this year’s Annual General Meeting is to distribute a dividend of € 0.10 per dividend-bearing share.
At € 270.1 million, equity was slightly below the previous year’s level, mainly due to the share buyback and the dividend paid. However, the equity ratio increased by 3.1 percentage points to 62.3 %.
Despite the tense overall economic situation, the Management Board expects Group sales for the 2025 financial year to increase in the high single-digit percentage range, based on a sales level of € 480.1 million in the 2024 financial year, adjusted for consolidation effects. Group earnings after minority interests will recover significantly but will not yet reach the level of the years 2021 to 2023.
The full management report is available here.