DGAP-News: Gesco AG: GESCO takes stock for financial year 2020 and publishes outlook for new financial year 2021
After a satisfactory start to the year, subsidiary business performance was substantially disrupted by the pandemic in March 2020.
- After a satisfactory start to the year, subsidiary business performance was substantially disrupted by the pandemic in March 2020.
- The situation became even worse for companies already suffering from the automotive industry\'s reluctance to invest in the previous year.
- Companies in all segments especially felt the impact in terms of customer demand in spring of 2020, following crisis-related plant closures.
- Significant orders were also acquired in loading technology.\nAll told, incoming orders in GESCO Group reached \xe2\x82\xac 492.8 million in the financial year (AFY 2019: \xe2\x82\xac 403.2 million).