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GEA Group AG
Earnings Release • Jan 12, 2016
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Earnings Release
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News Details
Corporate | 12 January 2016 11:00
GEA Group Aktiengesellschaft: GEA reports record order intake in Q4/15 while new structure picks up speed
DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Incoming Orders
2016-01-12 / 11:00
The issuer is solely responsible for the content of this announcement.
GEA reports record order intake in Q4/15 while new structure picks up speed
Düsseldorf, January 12, 2016 – At the occasion of an investor conference in New York, GEA announced an order intake for Q4 2015 of at least EUR 1.240 million, which exceeds the old record of Q2 2013, when orders reached EUR 1.220 million. This represents an increase of at least 7.1 percent against prior year’s fourth quarter. Larger orders from a broad range of customer industries contributed to this record quarterly order intake, giving evidence of GEA’s resilience against adverse underlying commodity prices – as for example a still depressed milk price – impacting the overall investment mood in particular industries.
“The achievement of this order intake is the result of an extraordinary effort of GEA’s employees across all levels and functions in the new OneGEA organization and highlights that customers seek and trust in GEA’s engineering products and solutions more than ever”, said Jürg Oleas, CEO of GEA. “2015 was a very special year for GEA, as the group made a fundamental transition from an agglomeration of smaller businesses towards an integrated group, taking out complexity costs by reducing the number of management layers. While all this fundamental change was happening inside the company, GEA’s employees showed their real strength by staying focused on customers and markets to achieve the highest order intake ever in any quarter.”
GEA will issue the full scope of preliminary key figures for fiscal 2015 and the outlook for FY 2016 on February 4, 2016. GEA’s audited annual report will be published on March 10, 2016.
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 4.5 billion in 2014. 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 September 30, 2015, the Company employed around 18,000 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 www.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
2016-01-12 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 |
| End of News | DGAP News Service |