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GEA Group AG
Earnings Release • Apr 12, 2018
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Earnings Release
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News Details
Ad-hoc | 12 April 2018 01:22
GEA Group Aktiengesellschaft: GEA releases preliminary Q1 2018 results
GEA Group Aktiengesellschaft / Key word(s): Quarter Results
GEA Group Aktiengesellschaft: GEA releases preliminary Q1 2018 results
12-Apr-2018 / 01:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
**Ad hoc disclosure in accordance with Article 17 of MAR
GEA releases preliminary Q1 2018 results**
For the first quarter of 2018, GEA anticipates the following preliminary results: Operating EBITDA* is expected to amount to approximately EUR 65 million (previous year EUR 96 million). This is primarily due to a weaker relative gross margin posted by the Business Area Solutions, notably in the American companies. Moreover within the Business Area Equipment, the earnings increase due to volume growth was unable to fully offset the currency-related disadvantages and adverse product mix effects, in particular in the USA. Group revenue is anticipated to rise to around EUR 1,035 million (previous year EUR 1,004 million). Here, negative currency effects amount to approximately EUR 50 million. Order intake is expected to add up to approximately EUR 1,100 million (previous year EUR 1,136 million). On order intake, adverse currency effects total just under EUR 60 million.
The business outlook for the year 2018 is confirmed. This assessment is based on the company’s solid order backlog as well as the measures already initiated. In this context, the second quarter’s order intake will also be essential.
GEA will release its final first quarter 2018 results on May 4, 2018.
* A definition of operating EBITDA is provided on p. 219 of the 2017 Annual Report; as of 2018 in addition to a constant currency basis compared with the previous year (cf. p.25). GEA’s 2017 Annual Report is available on the Internet at gea.com .
Contact:
GEA Group Aktiengesellschaft
Donat von Mueller
Head of IR
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
12-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | GEA Group Aktiengesellschaft |
| Peter-Müller-Straße 12 | |
| 40468 Düsseldorf | |
| Germany | |
| Phone: | +49 (0)211 9136-0 |
| Fax: | +49 (0)211 9136-31087 |
| E-mail: | [email protected] |
| Internet: | www.gea.com |
| ISIN: | DE0006602006 |
| WKN: | 660200 |
| Indices: | MDAX |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |