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GEA Group AG
Earnings Release • Jul 28, 2016
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Earnings Release
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Corporate | 28 July 2016 07:30
GEA Group Aktiengesellschaft: GEA increases operating EBITDA margin to 12.6 percent
DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Quarterly / Interim Statement
2016-07-28 / 07:30
The issuer is solely responsible for the content of this announcement.
GEA increases operating EBITDA margin to 12.6 percent
Düsseldorf (Germany), July 28, 2016 – In the second quarter of 2016, GEA posted organic growth in order intake of 7.3 percent, up to EUR 1,222 million. While the situation in dairy farming remained challenging, performance in that customer industry was more than compensated by, in some cases, double-digit growth in other industries, for example, in food, where GEA’s new group structure is now bearing fruit. After a relatively subdued first quarter of 2016 – and despite a good prior-year quarter in 2015 – revenue in the second quarter was on a par with the previous year.
The figures for operating EBITDA and the corresponding margin represent all-time highs for GEA, both for a second quarter (EUR 145.2 million and 12.6 percent respectively) as well as for the first six months of a year (EUR 239.1 million and 11.4 percent respectively). Adjusted for strategy projects, the cash flow driver margin for the last 12 months amounted to 11.1 percent, compared with 10.5 percent for the prior-year period.
“Robust order intake coupled with very good order-backlog figures are an excellent basis for realising our full-year targets, which we can confirm,” said Jürg Oleas, Chairman of the Executive Board of GEA in his appraisal of the present situation.
IFRS key figures of GEA
(EUR million)
Q2 2015 Q2 2014
Order Intake 1,222.1 1,148.8
Revenue 1,156.9 1,150.1
Operating EBITDA 1) 145.2 139.3
as % of revenue 12.6 12.1
Operating EBIT 1) 125.2 119.8
as % of revenue 10.8 10.4
EBIT 108.2 -20.9
Working capital intensity in % 2) 13.2 12.3
Net liquidity (+)/Net debt (-) 613.8 603.4
Operating cash flow driver margin 3) 11.1 10.5
ROCE in % (goodwill adjusted) 4) 19.7 16.4
Full-time equivalents (reporting date) 17,153 17,975
Earnings per share (EUR) 0.43 -0.11
1) Before effects of purchase price allocations and adjustments
2) Average of the last 12m
2) Cash flow driver = operating EBITDA – Capital expenditure – Change in Working Capital (average of the last 12 months)
4) Capital employed (average of the last 12 months) excluding goodwill from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999
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 process industries that generated consolidated revenues of approximately EUR 4.6 billion in 2015. As an international technology group, the Company focuses on process technology and components for sophisticated production processes in various end-user markets. The Group generates more than 70 percent of its revenue in the food sector that enjoys long-term sustainable growth. As of June 30, 2016, the Company employed over 17,000 people worldwide. GEA is a market and technology leader in its business areas. The Company is listed in Germany’s 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
www.gea.com
2016-07-28 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; Terminbörse EUREX |
| End of News | DGAP News Service |