GESCO SE Publishes Half-Year Report 2024

GESCO SE, an industrial group listed on the Prime Standard, has released its half-year report for 2024. The company has reported subdued demand, causing a decline in both sales and earnings. The mechanical engineering sector in Germany faces a 4% reduction, with an overall decline of 3% expected for the EU. GESCO has been unable to avoid this downturn, with noticeably subdued demand in the first half of the year.

Despite this, incoming orders in the second quarter were higher than in the same period last year. The delivery of some mechanical engineering projects at the end of the second half is expected to drive an increase in earnings. Consequently, GESCO anticipates group sales of €520-540 million and group earnings after minority interest of €8-12 million for the year.

The full half-year report can be accessed at www.gesco.de/investor-relations/finanzberichte.