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GEA Group AG
Earnings Release • Apr 20, 2017
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Earnings Release
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Corporate | 20 April 2017 10:47
GEA Group Aktiengesellschaft: GEA reports preliminary results for the first quarter of 2017
DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Preliminary Results/Development of Sales
20.04.2017 / 10:47
The issuer is solely responsible for the content of this announcement.
GEA reports preliminary results for the first quarter of 2017
Düsseldorf, April 20, 2017 – On the occasion of its Annual General Meeting, GEA released selected preliminary key figures for the first quarter of 2017. At approximately EUR 1,135 million, preliminary order intake was slightly down on the same period last year (EUR 1,144 million). GEA’s preliminary first-quarter revenue increased to approximately EUR 1,000 million (previous year EUR 941 million). Totaling around EUR 95 million, operating EBITDA is also expected to be slightly up compared to the same period last year (EUR 94 million).
“As to year-on-year comparisons of the first quarter’s order intake, one needs to take into account that this year saw over EUR 80 million less in large orders than prior year. Nonetheless, we were able to nearly match last year’s order volume thanks to the solid growth in our base business with small and medium-sized orders”, explained Jürg Oleas, GEA’s CEO. “The macroeconomic uncertainty is likely to intensify over the course of the year. How our individual markets will develop respectively has become even more difficult to forecast from current perspective. It will depend in particular on the development of the second quarter in which area of our guided target range we will come out by the end of the year.”
The Company’s first quarter results for 2017 with detailed figures and explanations will be released on GEA’s website on May 9, 2017.
Corporate Media and Press:
Marc Pönitz
Peter-Müller-Str. 12, 40468 Düsseldorf, Germany
Phone +49 (0)211 9136-1500
About GEA
GEA is one of the largest suppliers for the food processing industry and a wide range of other industries that generated consolidated revenues of approximately EUR 4.5 billion in 2016. The international technology group focuses on process technology and components for sophisticated production processes in various end-user markets. The group generates around 70 percent of its revenue in the food and beverages sector that enjoys long-term sustainable growth. As of December 31, 2016, the company employed about 17,000 people worldwide. GEA is a market and technology leader in its business areas. The company is listed on the German MDAX (G1A, WKN 660 200). In addition, GEA’s share is a constituent of the MSCI Global Sustainability Indexes. Further information is available on the Internet at gea.com .
If you do not want to receive any further information from GEA, please send an email to [email protected] .
Contact
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
gea.com
20.04.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| 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 News | DGAP News Service |