Declared Dividend • May 20
Dividend increased to €0.20 Dividend of €0.20 is 100% higher than last year. Ex-date: 25th June 2026 Payment date: 29th June 2026 Dividend yield will be 1.4%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (19% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 18
Gesco SE, Annual General Meeting, Jun 24, 2026 Gesco SE, Annual General Meeting, Jun 24, 2026, at 13:00 W. Europe Standard Time. Announcement • Mar 10
Gesco SE announces Annual dividend, payable on June 29, 2026 Gesco SE announced Annual dividend of EUR 0.2000 per share payable on June 29, 2026, ex-date on June 25, 2026 and record date on June 26, 2026. Announcement • Dec 17
Gesco SE to Report Fiscal Year 2025 Results on Apr 15, 2026 Gesco SE announced that they will report fiscal year 2025 results on Apr 15, 2026 Announcement • Jul 03
Gesco SE (XTRA:GSC1) acquired Eckart Produktion GmbH. Gesco SE (XTRA:GSC1) acquired Eckart Produktion GmbH on July 1, 2025.
For the period ending December 31, 2024, Eckart Produktion GmbH reported total revenue of €20 million. The current Managing Director Markus Eckart will continue to manage the company in the future.
Gesco SE (XTRA:GSC1) completed the acquisition of Eckart Produktion GmbH on July 1, 2025. Announcement • Jun 26
Gesco SE Announces Board Supervisory Changes Gesco SE at its Annual General Meeting, held on June 26, 2025, elected a new Supervisory Board. GESCO founder Mr. Klaus Möllerfriedrich, who was a member of the Supervisory Board for over 25 years, stepped down at Annual General Meeting. Dr Mathias Saggau was elected as a new member of the Supervisory Board. Announcement • May 20
Gesco SE, Annual General Meeting, Jun 25, 2025 Gesco SE, Annual General Meeting, Jun 25, 2025, at 10:00 W. Europe Standard Time. Announcement • Apr 30
Gesco SE announces Annual dividend, payable on June 30, 2025 Gesco SE announced Annual dividend of EUR 0.1000 per share payable on June 30, 2025, ex-date on June 26, 2025 and record date on June 27, 2025. Announcement • Mar 26
Gesco SE Proposes Dividend GESCO SE proposed a dividend payment of €0.10 per share entitled to a dividend. Announcement • Dec 18
Dennis Gattermann agreed to acquire Astroplast Kunststofftechnik GmbH & Co.Kg from Gesco SE (XTRA:GSC1) in a management buyout transaction. Dennis Gattermann agreed to acquire Astroplast Kunststofftechnik GmbH & Co.Kg from Gesco SE (XTRA:GSC1) in a management buyout transaction on December 16, 2024. A cash consideration will be paid by the buyer. As part of consideration, an undisclosed value is paid towards common equity of Astroplast Kunststofftechnik GmbH & Co.Kg.
For the period ending December 31, 2023, Astroplast Kunststofftechnik GmbH & Co.Kg reported total revenue of €15 million.
The closing is planned by the end of the financial year. Reported Earnings • Nov 14
Third quarter 2024 earnings: EPS in line with expectations, revenues disappoint Third quarter 2024 results: EPS: €0.31 (down from €0.49 in 3Q 2023). Revenue: €131.6m (down 5.1% from 3Q 2023). Net income: €3.35m (down 36% from 3Q 2023). Profit margin: 2.5% (down from 3.8% in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. New Risk • Aug 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: €0.04 (vs €0.70 in 2Q 2023) Second quarter 2024 results: EPS: €0.04 (down from €0.70 in 2Q 2023). Revenue: €129.4m (down 11% from 2Q 2023). Net income: €233.0k (down 97% from 2Q 2023). Profit margin: 0.2% (down from 5.2% in 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €13.70, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 29% over the past three years. Price Target Changed • Jul 31
Price target decreased by 9.2% to €33.17 Down from €36.53, the current price target is an average from 3 analysts. New target price is 134% above last closing price of €14.20. Stock is down 37% over the past year. The company is forecast to post earnings per share of €2.42 for next year compared to €1.93 last year. Upcoming Dividend • May 23
Upcoming dividend of €0.40 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.4%). Reported Earnings • May 10
First quarter 2024 earnings released: EPS: €0.16 (vs €0.62 in 1Q 2023) First quarter 2024 results: EPS: €0.16 (down from €0.62 in 1Q 2023). Revenue: €125.9m (down 15% from 1Q 2023). Net income: €1.79m (down 74% from 1Q 2023). Profit margin: 1.4% (down from 4.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 12
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: €1.93 (down from €3.12 in FY 2022). Revenue: €569.6m (down 2.3% from FY 2022). Net income: €20.9m (down 38% from FY 2022). Profit margin: 3.7% (down from 5.8% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Apr 11
GESCO SE Announces CEO Changes The Supervisory Board of GESCO SE announced 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. Mr. Pfeffer comes from Wago GmbH & Co KG, the market leader for electrical connection technology, which is represented in over 80 countries. As Vice President he is responsible for the Automation & Solutions business division. Previously, he was among others Managing Director at ebmpabst, a pioneer and technology leader in the global drive and compact fan world. Price Target Changed • Nov 24
Price target decreased by 9.4% to €36.83 Down from €40.67, the current price target is an average from 3 analysts. New target price is 100% above last closing price of €18.45. Stock is down 29% over the past year. The company is forecast to post earnings per share of €1.87 for next year compared to €3.12 last year. Price Target Changed • Nov 15
Price target decreased by 10.0% to €39.00 Down from €43.33, the current price target is an average from 3 analysts. New target price is 98% above last closing price of €19.70. Stock is down 24% over the past year. The company is forecast to post earnings per share of €2.20 for next year compared to €3.12 last year. Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: €0.49 (vs €0.88 in 3Q 2022) Third quarter 2023 results: EPS: €0.49 (down from €0.88 in 3Q 2022). Revenue: €140.7m (down 2.4% from 3Q 2022). Net income: €5.26m (down 45% from 3Q 2022). Profit margin: 3.7% (down from 6.6% in 3Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 06
Price target decreased by 8.3% to €40.67 Down from €44.33, the current price target is an average from 3 analysts. New target price is 104% above last closing price of €19.95. Stock is down 20% over the past year. The company is forecast to post earnings per share of €2.51 for next year compared to €3.12 last year. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: €0.70 (vs €0.74 in 2Q 2022) Second quarter 2023 results: EPS: €0.70 (down from €0.74 in 2Q 2022). Revenue: €145.0m (down 5.5% from 2Q 2022). Net income: €7.57m (down 5.3% from 2Q 2022). Profit margin: 5.2% (in line with 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jun 14
Gesco SE Announces Change in the Chairmanship of the Supervisory Board Klaus Möllerfriedrich, Chairman of the Supervisory Board of GESCO SE, announced at June 12, 2023 Annual General Meeting that he would be handing over the chairmanship of the Company’s Supervisory Board to new hands following the Annual General Meeting. However, he will remain a regular member of the Supervisory Board. The new Chairman of the Supervisory Board is the long-standing Deputy Chairman of the Supervisory Board, Mr. Stefan Heimöller. Mr. Jens Große-Allermann was elected as his deputy. Mr. Möllerfriedrich is the founder of GESCO and has chaired the Supervisory Board since the beginning. The change that has now taken place was prepared in the long term and was already announced at the last Supervisory Board elections in 2020. Upcoming Dividend • Jun 06
Upcoming dividend of €1.00 per share at 4.0% yield Eligible shareholders must have bought the stock before 13 June 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.8%). Reported Earnings • Apr 19
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: €3.12 (up from €2.48 in FY 2021). Revenue: €588.7m (up 21% from FY 2021). Net income: €33.8m (up 26% from FY 2021). Profit margin: 5.7% (up from 5.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.2%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: €0.88 (vs €0.64 in 3Q 2021) Third quarter 2022 results: EPS: €0.88 (up from €0.64 in 3Q 2021). Revenue: €145.7m (up 18% from 3Q 2021). Net income: €9.51m (up 37% from 3Q 2021). Profit margin: 6.5% (up from 5.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 18
Upcoming dividend of €0.98 per share Eligible shareholders must have bought the stock before 25 August 2022. Payment date: 29 August 2022. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (2.7%). Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: €0.74 (vs €0.39 in 2Q 2021) Second quarter 2022 results: EPS: €0.74 (up from €0.39 in 2Q 2021). Revenue: €153.4m (up 33% from 2Q 2021). Net income: €8.00m (up 91% from 2Q 2021). Profit margin: 5.2% (up from 3.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.1%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 27
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: €2.48 (up from €0.54 in FY 2020). Revenue: €488.6m (up 23% from FY 2020). Net income: €26.9m (up 361% from FY 2020). Profit margin: 5.5% (up from 1.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 16%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 24
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: €2.48 (up from €0.54 in FY 2020). Revenue: €496.1m (up 25% from FY 2020). Net income: €26.9m (up 361% from FY 2020). Profit margin: 5.4% (up from 1.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 5.6%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 30
Price target increased to €33.20 Up from €30.63, the current price target is an average from 4 analysts. New target price is 46% above last closing price of €22.80. Stock is up 66% over the past year. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS €0.39 (vs €0.34 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €115.6m (up 31% from 2Q 2020). Net income: €4.19m (up €7.83m from 2Q 2020). Profit margin: 3.6% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • May 21
First quarter 2021 earnings released: EPS €0.37 (vs €0.036 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €114.4m (down 12% from 1Q 2020). Net income: €4.05m (up €3.66m from 1Q 2020). Profit margin: 3.5% (up from 0.3% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Price Target Changed • Mar 31
Price target increased to €27.20 Up from €23.98, the current price target is an average from 4 analysts. New target price is 16% above last closing price of €23.40. Stock is up 73% over the past year. Is New 90 Day High Low • Mar 10
New 90-day high: €23.00 The company is up 39% from its price of €16.60 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.00 per share. Is New 90 Day High Low • Feb 02
New 90-day high: €20.10 The company is up 73% from its price of €11.60 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.41 per share. Price Target Changed • Jan 09
Price target raised to €22.98 Up from €20.58, the current price target is an average from 4 analysts. The new target price is 18% above the current share price of €19.50. As of last close, the stock is up 1.8% over the past year. Is New 90 Day High Low • Jan 08
New 90-day high: €19.35 The company is up 62% from its price of €11.95 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.13 per share. Is New 90 Day High Low • Dec 23
New 90-day high: €18.85 The company is up 58% from its price of €11.90 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €34.21 per share. Price Target Changed • Dec 09
Price target raised to €21.86 Up from €20.40, the current price target is an average from 5 analysts. The new target price is 31% above the current share price of €16.65. As of last close, the stock is down 9.3% over the past year. Is New 90 Day High Low • Nov 24
New 90-day high: €14.50 The company is up 4.0% from its price of €14.00 on 25 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €28.61 per share.