GESCO SE Faces Financial Setback Due to Partner's Insolvency

GESCO SE has announced a financial burden following the insolvency of Bergische Edelstahlwerke GmbH, a company formed after the sale of GESCO’s divisions 'Foundry' and 'Steelworks'. The insolvency poses a significant risk to loans amounting to €6.3 million, leading to anticipated write-offs. As a result, GESCO expects a one-off charge of approximately €6.3 million on its consolidated pre-tax earnings for 2025.

Preliminary calculations suggest that despite this loss, GESCO’s consolidated earnings, adjusted for minority interests, will fall between €7 million and €10 million for the financial year. This is a revision from the previous forecast of €9 to €12 million. The final figures will be disclosed in the 2025 annual report, scheduled for release on April 15, 2025.