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GEA Group AG
Earnings Release • Aug 1, 2017
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Earnings Release
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Corporate | 1 August 2017 14:30
GEA Group Aktiengesellschaft: Significant increase in major orders for GEA in second quarter
DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Incoming Orders
01.08.2017 / 14:30
The issuer is solely responsible for the content of this announcement.
Significant increase in major orders for GEA in second quarter
Düsseldorf, August 1, 2017 – In the second quarter of the year, GEA recorded significant year-on-year growth in major orders (volumes exceeding EUR 15 million) in the fields of e.g. dairy, beverage, and coffee projects. Whereas in the same quarter of the previous year, the company posted only two major orders worth a total of EUR 46 million, the second quarter of 2017 saw GEA almost triple its volume of incoming orders to around EUR 136 million. As such, growth in major orders was above-average.
For example, GEA supplied a complete milk powder processing facility to Open Country Dairy in New Zealand, with the total value of this project running to more than EUR 10 million. This is the sixth dairy processing facility GEA has shipped to Open Country Dairy at four different locations since 2007. Each of these facilities is capable of processing eight tonnes of milk powder an hour. In the case of the recent order, however, the customer specified a MAP system (Modified Atmosphere Packing) for the first time in order to minimize the residual oxygen content (RO) in the 25-kg bags produced. This ensures that the product retains its high quality during transport to the key markets of China and the Middle East. Open Country Dairy is the second biggest exporter of premium whole-milk powders in the world. The new facility will be commissioned in September 2018.
“We focus on delivering cutting-edge technology to deal with challenging production methods, while always providing maximum customer satisfaction – this is the basis for long-standing partnerships of the kind we enjoy with key customers such as Open Country Dairy,” said Jürg Oleas, CEO of GEA.
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 June 30, 2017, 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 stock is included in the MSCI Global Sustainability Indexes. Further information is available on the Internet at gea.com .
Contact :
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
gea.com
01.08.2017 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 |