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GEA Group AG
Earnings Release • Apr 20, 2016
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Earnings Release
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Corporate | 20 April 2016 10:55
GEA Group Aktiengesellschaft: GEA posts first quarter order intake of EUR 1.144bn
DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Incoming Orders
2016-04-20 / 10:55
The issuer is solely responsible for the content of this announcement.
GEA posts first quarter order intake of EUR 1.144bn
Düsseldorf, April 20, 2016 – On the occasion of today’s Annual General Meeting, GEA Group Aktiengesellschaft announced its preliminary order intake for the first quarter of 2016. Order intake totaled roughly EUR 1,144 million, slightly up on the previous year at 1.5 percent, with currency translation effects in the amount of EUR 26 million adversely impacting on order intake. The first quarter saw several larger orders, in particular for the application area dairy processing, but also for food.
“Thanks to our strong position in the market, we have managed to win new orders in the dairy processing segment. Nonetheless, in the light of the critical situation of the dairy farmers that continues to persist, we are faced with a difficult market environment in the area of conventional milking technology as well as in the oil and gas industry”, commented Jürg Oleas, Chairman of GEA’s Executive Board. “Notwithstanding, we confirm our guidance for the fiscal year 2016 that was issued on February 4, 2016.”
The report on first quarter results for 2016 will be released on GEA’s website on May 9, 2016.
Corporate Media and Press:
Marc Pönitz
Peter-Müller-Str. 12, 40468 Düsseldorf, Germany
Tel: +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 December 31, 2015, the Company employed around 17,500 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
2016-04-20 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; Terminbörse EUREX |
| End of News | DGAP News Service |