GESCO SE Reports Preliminary 2024 Figures and Revises Dividend Strategy

GESCO SE has unveiled its preliminary financial results for 2024, reporting Group sales of €513.8 million, down from €560.7 million the previous year. Earnings dropped to €4.4 million compared to €20.9 million in 2023. These results match the forecast published in December 2024. Notably, the sale of loss-making units at Doerrenberg caused a negative earnings impact of approximately €4.8 million.

The company's focus on reducing working capital resulted in a cash flow increase to €51.2 million and a bank debt reduction by €29.8 million. The company proposes a dividend of €0.10 per share and aims to use profits for growth opportunities or share buybacks, adjusting the dividend payment range to 20%-40%.

GESCO SE will release its final 2024 financial results on April 29, 2025, followed by a press conference. The Annual General Meeting is scheduled for June 25, 2025.