GEA Group AG — Interim / Quarterly Report 2017

Nov 7, 2017

Quarterly Statement

Q3 2017 July 1 to September 30, 2017

GEA announces figures for the third quarter

Düsseldorf, November 3, 2017 – GEA's order intake in the third quarter of 2017 was EUR 1,057 million and 2.5 percent below the previous year's level. In terms of revenue, the Business Area (BA) Solutions in particular made gains, with overall group revenue increasing by 2.7 percent to EUR 1,131 million. The dairy processing and dairy farming applications were significant sources of momentum here. The three regions Western Europe, Middle East & Africa, and Latin America and DACH & Eastern Europe all posted significant growth in revenue. Operating EBITDA rose to EUR 121 million, an increase of 7.0 percent compared with the same period in the previous year. Adjusted for the EUR 14.5 million in additional costs for filling machines included in this total, operating EBITDA in the quarter under review amounted to EUR 135 million.

"Thanks to a positive earnings performance by the Business Area Solutions in particular, operating EBITDA managed to gain ground again in the quarter under review, this despite the extra outlay on filling machines. As far as the operating result for 2017 is concerned, we are looking at closing the year in the lower regions of our target corridor," said Jürg Oleas, CEO of GEA, in his assessment of the result for the quarter. "Nevertheless, we are convinced that the measures and structural enhancements already introduced, together with a strategy of focusing on the food and beverages industry – which is characterized by long-term growth – will have a positive effect going forward."

	Q3	Q3	Change	Q1-Q3	Q1-Q3	Change
(EUR million)	2017	2016	in %	2017	2016	in %
Results of operations
Order intake	1,056.7	1,083.9	–2.5	3,433.8	3,450.3	–0.5
Revenue	1,130.7	1,100.8	2.7	3,273.1	3,198.9	2.3
Operating EBITDA1	120.5	112.7	7.0	339.4	351.8	–3.5
as % of revenue	10.7	10.2	–	10.4	11.0	–
Operating EBIT1	99.0	91.7	7.9	277.2	291.2	–4.8
as % of revenue	8.8	8.3	–	8.5	9.1	–
EBIT	77.6	70.5	10.2	219.9	237.7	–7.5
Net assets
Working capital intensity in % (average of the last 12 months)	16.4	13.5	–	16.4	13.5	–
Net liquidity (+)/Net debt (–)	227.4	623.3	–63.5	227.4	623.3	–63.5
Financial position
Operating cash flow driver margin2	7.2	10.2	–	7.2	10.2	–
ROCE in % (goodwill adjusted)3	15.4	18.7	–	15.4	18.7	–
Full-time equivalents (reporting date)	17,163	16,995	1.0	17,163	16,995	1.0
GEA Shares
Earnings per share (EUR)	0.24	0.21	15.1	0.82	0.81	0.7

IFRS key figures of GEA

1) Before effects of purchase price allocations and adjustments (see page 7)

2) Operating cash flow driver = operating EBITDA – capital expenditure + adjustment of capital expenditure in strategic projects – change in working capital (average of the last 12 months)

3) Capital employed excluding goodwill from the acquisition of the former GEA AG by former Metallgesellschaft AG in 1999 (average of the last 12 months)

Acquisitions

Pavan Group

• September 26, 2017: agreement reached on the acquisition of the Italian Pavan Group (leading supplier of extrusion and milling technology for processing fresh and dried pasta, pelleted snack products, and breakfast cereals)
• Pavan Group employs a staff of around 680 at various production sites in Italy and China; revenue of around EUR 155 million in 2016
• Integration in new GEA product group "Pasta, Extrusion & Milling" within the Business Area Equipment planned

Share buyback program

● By September 30, 2017, GEA had repurchased 10,679,927 shares with a total value of EUR 397 million.

Report on Economic Position

Course of business

Order intake

Order intake (EUR million)	Q3 2017	Q3 2016	Change in %	Q1-Q3 2017	Q1-Q3 2016	Change in %
BA Equipment	576.9	561.6	2.7	1,820.7	1,749.2	4.1
BA Solutions	531.2	568.5	–6.6	1,766.9	1,849.3	–4.5
Total	1,108.2	1,130.1	–1.9	3,587.5	3,598.5	–0.3
Consolidation/others	–51.4	–46.2	–11.2	–153.7	–148.2	–3.7
GEA	1,056.7	1,083.9	–2.5	3,433.8	3,450.3	–0.5

• Order intake down on previous year due to 2.5 percent impact from exchange rate fluctuations; adjusted for this effect, order intake was at the level of previous year
• A major order (above EUR 15 million) for a food project with a volume of around EUR 35 million (previous year: EUR 36 million)
• Drop in order intake, especially in the pharma/chemical customer industry; countered by, in part, double-digit growth in the customer industries of dairy farming, dairy processing, and food
• Decline in order intake most perceptible in Asia Pacific and North and Central Europe regions; but double-digit growth in the region Germany, Austria, Switzerland (DACH) & Eastern Europe
• Order intake for the first nine months: negative performance especially in North and Central Europe not fully compensated by above-average growth in regions North America and DACH & Eastern Europe

Order intake by applications GEA*	Change Q3/2017 to Q3/2016	Share of order intake
Dairy Farming		13%
Dairy Processing		19%
Food		29%
Beverages		10%
Food/Beverages		71%
Pharma/Chemical		14%
Other Industries		14%
Others		29%
GEA		100%
> 5 percentage points 1 to 5 percentage points 1 to –1 percentage points *) Based on the last 12 months	–1 to –5 percentage points > –5 percentage points

Order backlog

● Order backlog increased to around EUR 2,300 million, a rise of almost 2 percent compared with December 31, 2016

Revenue

Revenue (EUR million)	Q3 2017	Q3 2016	Change in %	Q1-Q3 2017	Q1-Q3 2016	Change in %
BA Equipment	576.0	566.8	1.6	1,693.2	1,628.5	4.0
BA Solutions	608.6	585.0	4.1	1,731.0	1,714.1	1.0
Total	1,184.7	1,151.7	2.9	3,424.2	3,342.6	2.4
Consolidation/others	–54.0	–51.0	–5.9	–151.1	–143.7	–5.2
GEA	1,130.7	1,100.8	2.7	3,273.1	3,198.9	2.3

• Growth in third-quarter revenue in both Business Areas, but particularly in Business Area Solutions
• Allowing for a 1.6 percent downward adjustment for exchange rate movements, revenue was 4.3 percent above the previous year's figure
• Double-digit growth in the dairy processing and dairy farming customer industries; gratifying growth recorded also in the food sector
• The regions Western Europe, Middle East & Africa, and Latin America and DACH & Eastern Europe all posted significant growth in revenue
• Above-average growth in revenue in the first nine months, particularly in the regions Western Europe, Middle East & Africa, and Latin America

Revenue by applications GEA*	Change Q3/2017 to Q3/2016	Share of revenue
Dairy Farming		13%
Dairy Processing		20%
Food		27%
Beverages		12%
Food/Beverages		72%
Pharma/Chemical		14%
Other Industries		14%
Others		28%
GEA		100%

5 percentage points 1 to 5 percentage points 1 to –1 percentage points –1 to –5 percentage points > –5 percentage points *) Based on the last 12 months

Revenue by regions GEA* Change Q3/2017 to Q3/2016		Share of revenue
Asia Pacific		22%
DACH & Eastern Europe		20%
Western Europe, Middle East & Africa		19%
North- and Central Europe		14%
Latin America		7%
North America		18%
GEA		100%

5 percentage points 1 to 5 percentage points 1 to –1 percentage points –1 to –5 percentage points > –5 percentage points

*) Based on the last 12 months

Results of operations

• Year-on-year increase for both operating EBITDA and the operating EBITDA margin in the quarter under review
• Business Area Equipment: operating EBITDA and operating EBITDA margin both above previous year's level in the third quarter, primarily driven by revenue growth in the dairy farming customer industry
• Business Area Solutions: operating EBITDA and operating EBITDA margin above previous year's level as well; included are additional costs of around EUR 14.5 million for filling machines in the quarter under review

Operating EBITDA/operating EBITDA margin* (EUR million)	Q3 2017	Q3 2016	Change in %	Q1-Q3 2017	Q1-Q3 2016	Change in %
BA Equipment	93.3	91.3	2.2	259.5	249.7	3.9
as % of revenue	16.2	16.1	–	15.3	15.3	–
BA Solutions	21.4	18.5	15.6	80.1	106.7	–24.9
as % of revenue	3.5	3.2	–	4.6	6.2	–
Total	114.7	109.9	4.4	339.6	356.4	–4.7
Consolidation/others	5.8	2.8	> 100	–0.2	–4.6	95.2
GEA	120.5	112.7	7.0	339.4	351.8	–3.5
as % of revenue	10.7	10.2	–	10.4	11.0	–

*) Before effects of purchase price allocations and adjustments (see page 7)

Reconciliation of operating EBITDA to operating EBIT (EUR million)	Q3 2017	Q3 2016	Change in %	Q1-Q3 2017	Q1-Q3 2016	Change in %
Operating EBITDA*	120.5	112.7	7.0	339.4	351.8	–3.5
Realization of step-up amounts on inventories	–0.4	0.2	–	–1.3	–0.4	–
Adjustments	–13.3	–12.5	–	–33.8	–28.5	–
EBITDA	106.8	100.4	6.4	304.2	322.9	–5.8
Depreciation of impairment losses on property, plant, and equipment, and investment property, and amortization of and impairment losses on intangible assets and goodwill, as reported in the statement of changes in non-current assets	–29.1	–29.9	–	–84.3	–85.2	–
EBIT	77.6	70.5	10.2	219.9	237.7	–7.5
Depreciation and amortization on capitalization of purchase price allocation	7.5	8.9	–	22.1	24.7	–
Realization of step-up amounts on inventories	0.4	–0.2	–	1.3	0.4	–
Adjustments	13.3	12.5	–	33.8	28.5	–
Operating EBIT*	99.0	91.7	7.9	277.2	291.2	–4.8

*) Before effects of purchase price allocations and adjustments (see page 7)

Cash flow drivers

Operating cash flow driver/operating cash flow driver margin
(EUR million)	09/30/2017
Operating EBITDA (last 12 months)	553.9
Capital expenditure on property, plant and equipment (last 12 months)	–113.7
Adjustment of capital expenditure in strategic projects	23.9
Change in working capital (average of the last 12 months)	–133.7
Operating cash flow driver (operating EBITDA – capex –/+change in working capital)	330.4
as % of revenue (last 12 months)	7.2

Report on Post-Balance-Sheet-Date Events

GEA Geneglace divestment

• October 10, 2017: agreement to sell production of ice machines in Les Sorinières (France) by way of a management buyout
• 30 employees involved in business activities grouped under the name of GEA Geneglace; revenue in 2016 of around EUR 12.5 million

Düsseldorf, November 3, 2017

Financial information

In accordance with the internal management system as described in the 2016 Annual Report, the key indicators for the operating result as used by the management for controlling purposes are operating EBITDA and operating EBIT. Thus, these key indicators were adjusted for items which, in the opinion of the management, do not reflect GEA's financial achievements in the period under review. This relates, on the one hand, to adjustments for purchase price allocation effects that were determined for all significant past acquisitions, and, on the other, to the adjustment of expenses for strategic projects. These include restructuring costs, expenses for external consultants, outlay on scheduled and completed company acquisitions, together with other material expenses and internal costs directly attributable to the projects. The following strategic projects were underway in the period under review:

• "OneGEA Finance", which aims to align the financial information and management systems to the new functional OneGEA organization
• "Operational Excellence" to optimize engineering, production and procurement
• "IT Excellence" to standardize and outsource the IT platform as the basis for digital transformation
• "Digitalization" to develop GEA's digital product portfolio
• Projects to effect acquisitions

The indicators were also adjusted for ongoing expenses in respect of the now concluded "Fit for 2020" project.

On this basis, operating EBIT in the first nine months of the 2017 financial year was adjusted for expenses for strategic projects totaling EUR 33.8 million (previous year: EUR 28.5 million). EUR 11.8 million (previous year: EUR 15.0 million) of this total was attributable to ongoing expenses in respect of the concluded "Fit for 2020" project, including implementation of the Shared Service Center. These expenses include restructuring expenses totaling EUR 0.6 million (previous year: EUR –10.5 million). The figures were also adjusted for expenses totaling EUR 8.9 million, EUR 5.7 million and EUR 3.9 million for the "OneGEA Finance", "Operational Excellence", and "IT Excellence" projects respectively.

Of the total investment in strategic projects of EUR 23.9 million for which the operating cash flow driver is adjusted, EUR 11.5 million can be attributed to the "IT Excellence" project and EUR 10.4 million to the "OneGEA Finance" project.

In accordance with the internal management system, the profitability of the two business areas is measured using earnings before interest, tax, depreciation and impairment losses/reversals of impairment (EBITDA), along with earnings before interest and tax (EBIT). These indicators correspond to the values shown in the income statement.

Impairment losses include all impairment losses on property, plant, and equipment, intangible assets, and investment property.

Consolidated Balance Sheet

as of September 30, 2017

Assets			Change
(EUR thousand)	9/30/2017	12/31/2016	in %
Property, plant and equipment	463,116	485,046	–4.5
Investment property	2,955	3,662	–19.3
Goodwill	1,489,374	1,505,629	–1.1
Other intangible assets	425,646	428,801	–0.7
Equity-accounted investments	14,046	15,929	–11.8
Other non-current financial assets	43,501	38,654	12.5
Deferred taxes	472,011	502,117	–6.0
Non-current assets	2,910,649	2,979,838	–2.3
Inventories	682,837	611,405	11.7
Trade receivables	1,279,926	1,390,397	–7.9
Income tax receivables	29,797	25,832	15.3
Other current financial assets	229,798	165,942	38.5
Cash and cash equivalents	296,596	929,120	–68.1
Assets held for sale	10,721	5,403	98.4
Current assets	2,529,675	3,128,099	–19.1
Total assets	5,440,324	6,107,937	–10.9

Equity and liabilities			Change
(EUR thousand)	9/30/2017	12/31/2016	in %
Issued capital	491,505	520,376	–5.5
Capital reserve	1,217,861	1,217,861	–
Retained earnings	719,899	1,067,812	–32.6
Accumulated other comprehensive income	52,479	188,977	–72.2
Non-controlling interests	565	578	–2.2
Equity	2,482,309	2,995,604	–17.1
Non-current provisions	163,561	138,751	17.9
Non-current employee benefit obligations	766,549	807,652	–5.1
Non-current financial liabilities	4,715	10,238	–53.9
Other non-current liabilities	46,542	48,181	–3.4
Deferred taxes	142,824	144,930	–1.5
Non-current liabilities	1,124,191	1,149,752	–2.2
Current provisions	149,321	144,465	3.4
Current employee benefit obligations	159,770	181,424	–11.9
Current financial liabilities	91,579	165,719	–44.7
Trade payables	597,589	624,817	–4.4
Income tax liabilities	22,422	33,317	–32.7
Other current liabilities	809,825	812,839	–0.4
Liabilities held for sale	3,318	–	–
Current liabilities	1,833,824	1,962,581	–6.6
Total equity and liabilities	5,440,324	6,107,937	–10.9

Consolidated Income Statement

July 1 – September 30, 2017

(EUR thousand)	Q3 2017		Q3 2016		Change in %
		Excluding restructuring	Restructuring expenses	Total
Revenue	1,130,701	1,100,752	–	1,100,752	2.7
Cost of sales	802,556	770,984	–569	770,415	4.2
Gross margin	328,145	329,768	569	330,337	–0.7
Selling expenses	128,132	120,060	531	120,591	6.3
Research and development expenses	14,594	23,042	–81	22,961	–36.4
General and administrative expenses	112,414	117,369	971	118,340	–5.0
Other income	104,992	66,133	–	66,133	58.8
Other expenses	100,684	63,119	1,204	64,323	56.5
Share of profit or loss of equity-accounted investments	189	247	–	247	–23.5
Other financial income	125	1	–	1	> 100
Other financial expenses	–	36	–	36	–
Earnings before interest and tax (EBIT)	77,627	72,523	–2,056	70,467	10.2
Interest income	1,812			2,148	–15.6
Interest expense	15,294			16,211	–5.7
Profit before tax from continuing operations	64,145			56,404	13.7
Income taxes	14,112			10,717	31.7
Profit after tax from continuing operations	50,033			45,687	9.5
Profit or loss after tax from discontinued operations	–6,645			–6,047	–9.9
Profit for the period	43,388			39,640	9.5
of which attributable to shareholders of GEA Group AG	43,391			39,637	9.5
of which attributable to non-controlling interests	–3			3	–

Consolidated Income Statement

January 1 – September 30, 2017

(EUR thousand)	Q1-Q3 2017		Q1-Q3 2016		Change in %
		Excluding restructuring	Restructuring expenses	Total
Revenue	3,273,078	3,198,900	–	3,198,900	2.3
Cost of sales	2,269,202	2,213,390	–7,765	2,205,625	2.9
Gross margin	1,003,876	985,510	7,765	993,275	1.1
Selling expenses	395,747	372,520	–2,643	369,877	7.0
Research and development expenses	47,257	52,671	–1,101	51,570	–8.4
General and administrative expenses	351,687	345,982	–1,452	344,530	2.1
Other income	285,137	240,563	–	240,563	18.5
Other expenses	275,381	229,002	2,487	231,489	19.0
Share of profit or loss of equity-accounted investments	821	1,399	–	1,399	–41.3
Other financial income	125	1	–	1	> 100
Other financial expenses	–	111	–	111	–
Earnings before interest and tax (EBIT)	219,887	227,187	10,474	237,661	–7.5
Interest income	5,830			5,403	7.9
Interest expense	26,767			42,650	–37.2
Profit before tax from continuing operations	198,950			200,414	–0.7
Income taxes	43,769			38,079	14.9
Profit after tax from continuing operations	155,181			162,335	–4.4
Profit or loss after tax from discontinued operations	–1,002			–5,588	82.1
Profit for the period	154,179			156,747	–1.6
thereof attributable to shareholders of GEA Group AG	154,180			156,749	–1.6
thereof attributable to non-controlling interests	–1			–2	50.0

(EUR)	Q1-Q3 2017	Q1-Q3 2016	Change in %
Basic and diluted earnings per share from continuing operations	0.83	0.84	–2.1
Basic and diluted earnings per share from discontinued operations	–0.01	–0.03	81.6
Basic and diluted earnings per share	0.82	0.81	0.7
Weighted average number of ordinary shares used to calculate basic and diluted earnings per share (million)	188.0	192.5	–2.3

Consolidated Cash Flow Statement

July 1 – September 30, 2017

(EUR thousand)	07/01/2017 – 09/30/2017	07/01/2016 – 09/30/2016
Profit for the period	43,388	39,640
plus income taxes	14,112	10,717
minus profit or loss after tax from discontinued operations	6,645	6,047
Profit before tax from continuing operations	64,145	56,404
Net interest income	13,482	14,063
Earnings before interest and tax (EBIT)	77,627	70,467
Depreciation, amortization, impairment losses, and reversal of impairment losses on non-current assets	29,228	29,887
Other non-cash income and expenses	2,711	-930
Employee benefit obligations from defined benefit pension plans	-10,464	-13,086
Change in provisions and other employee benefit obligations	27,966	18,749
Losses and disposal of non-current assets	-7,467	-287
Change in inventories including unbilled construction contracts*	-39,100	-36,585
Change in trade receivables	-5,415	-7,392
Change in trade payables	24,688	-28,486
Change in other operating assets and liabilities	-38,696	19,285
Tax payments	-16,562	-15,297
Cash flow from operating activities of continued operations	44,516	36,325
Cash flow from operating activities of discontinued operations	-1,643	-1,045
Cash flow from operating activities	42,873	35,280
Proceeds from disposal of non-current assets	8,458	1,004
Payments to acquire property, plant and equipment, and intangible assets	-23,992	-22,536
Payments from current financial assets	–	-69
Interest income	1,089	1,204
Dividend income	431	–
Payments to acquire subsidiaries and other businesses	–	-110
Cash flow from investing activities of continued operations	-14,014	-20,507
Cash flow from investing activities of discontinued operations	-193	-2,656
Cash flow from investing activities	-14,207	-23,163
Payments for acquisition of treasury shares	-133,842	–
Payments from finance leases	-936	-1,223
Proceeds from finance loans	5,286	–
Repayments of borrower's note loans	-90,000	–
Repayments of finance loans	–	-2,632
Interest payments	-6,241	312
Cash flow from financing activities of continued operations	-225,733	-3,543
Cash flow from financing activities of discontinued operations	-15	-42
Cash flow from financing activities	-225,748	-3,585
Effect of exchange rate changes on cash and cash equivalents	-4,631	-527
Change in unrestricted cash and cash equivalents	-201,713	8,005
Unrestricted cash and cash equivalents at beginning of period	497,408	549,638
Unrestricted cash and cash equivalents at end of period	295,695	557,643
Restricted cash and cash equivalents	901	8,005
Cash and cash equivalents total	296,596	565,648

*) Including advanced payments received

Consolidated Cash Flow Statement

January 1 – September 30, 2017

(EUR thousand)	01/01/2017 – 09/30/2017	01/01/2016 – 09/30/2016
Profit for the period	154,179	156,747
plus income taxes	43,769	38,079
minus profit or loss after tax from discontinued operations	1,002	5,588
Profit before tax from continuing operations	198,950	200,414
Net interest income	20,937	37,247
Earnings before interest and tax (EBIT)	219,887	237,661
Depreciation, amortization, impairment losses, and reversal of impairment losses on non-current assets	84,442	85,217
Other non-cash income and expenses	8,563	11,506
Employee benefit obligations from defined benefit pension plans	–31,136	–38,140
Change in provisions and other employee benefit obligations	–7,194	–62,269
Losses and disposal of non-current assets	–7,953	–958
Change in inventories including unbilled construction contracts*	–87,619	–118,220
Change in trade receivables	59,700	23,088
Change in trade payables	11,125	–89,903
Change in other operating assets and liabilities	–112,604	–35,462
Tax payments	–49,295	–48,121
Cash flow from operating activities of continued operations	87,916	–35,601
Cash flow from operating activities of discontinued operations	–5,972	2,402
Cash flow from operating activities	81,944	–33,199
Proceeds from disposal of non-current assets	11,966	2,694
Payments to acquire property, plant and equipment, and intangible assets	–75,432	–52,738
Proceeds from current financial assets	–	37,000
Payments from non-current financial assets	–24	–698
Interest income	3,580	2,996
Dividend income	2,535	–
Payments to acquire subsidiaries and other businesses	–348	–101,124
Cash flow from investing activities of continued operations	–57,723	–111,870
Cash flow from investing activities of discontinued operations	–5,241	–3,700
Cash flow from investing activities	–62,964	–115,570
Dividend payments	–152,812	–153,996
Payments for acquisition of treasury shares	–394,896	–
Payments from finance leases	–2,987	–3,006
Proceeds from finance loans	13,596	–
Proceeds from bond issue	–	–274,739
Repayments of borrower's note loans	–90,000	–
Repayments of finance loans	–	–10,729
Interest payments	–9,907	–21,626
Cash flow from financing activities of continued operations	–637,006	–464,096
Cash flow from financing activities of discontinued operations	–50	–39
Cash flow from financing activities	–637,056	–464,135
Effect of exchange rate changes on cash and cash equivalents	–14,233	–2,231
Change in unrestricted cash and cash equivalents	–632,309	–615,135
Unrestricted cash and cash equivalents at beginning of period	928,004	1,172,778
Unrestricted cash and cash equivalents at end of period	295,695	557,643
Restricted cash and cash equivalents	901	8,005
Cash and cash equivalents reported in the balance sheet	296,596	565,648

*) Including advanced payments received

Consolidated Statement of Changes in Equity as of September 30, 2017

					Accumulated other comprehensive income
(EUR thousand)	Issued capital	Capital reserves	Retained earnings	Translation of foreign operations	Result of available-for sale financial assets	Result of cash flow hedges	Equity attributable to shareholders of GEA Group AG	Non controlling interests	Total
Balance at Jan. 1, 2016 (192,495,476 shares)	520,376	1,217,861	962,515	144,527	–234	–1,416	2,843,629	570	2,844,199
Profit for the period	–	–	156,749	–	–	–	156,749	–2	156,747
Other comprehensive income	–	–	–59,591	–20,584	221	–187	–80,141	–	–80,141
Total comprehensive income	–	–	97,158	–20,584	221	–187	76,608	–2	76,606
Purchase of treasury shares	–	–	–	–	–	–	–	–	–
Dividend payment by GEA Group AG	–	–	–153,996	–	–	–	–153,996	–	–153,996
Change in other non controlling interests	–	–	–	–	–	–	–	–12	–12
Balance at September 30, 2016 (192,495,476 shares)	520,376	1,217,861	905,677	123,943	–13	–1,603	2,766,241	556	2,766,797
Balance at Jan. 1, 2017 (192,495,476 shares)	520,376	1,217,861	1,067,812	189,962	–467	–518	2,995,026	578	2,995,604
Profit for the period	–	–	154,180	–	–	–	154,180	–1	154,179
Other comprehensive income	–	–	20,246	–137,127	111	518	–116,252	–	–116,252
Total comprehensive income	–	–	174,426	–137,127	111	518	37,928	–1	37,927
Purchase of treasury shares	–28,871	–	–369,527	–	–	–	–398,398	–	–398,398
Dividend payment by GEA Group AG	–	–	–152,812	–	–	–	–152,812	–	–152,812
Change in other non controlling interests	–	–	–	–	–	–	–	–12	–12
Balance at September 30, 2017 (181,815,549 shares)	491,505	1,217,861	719,899	52,835	–356	–	2,481,744	565	2,482,309

Financial Calendar

March 12, 2018 Annual Report 2017
April 19, 2018 Annual Shareholders' Meeting for 2017
	May 4, 2018 Quarterly Statement for the period to March 31, 2018
	July 30, 2018 Half-yearly Financial Report for the period to June 30, 2018
	October 29, 2018 Quarterly Statement for the period to September 30, 2018

The GEA Stock: Key data

WKN ...................... 660 200 ISIN ........................ DE0006602006 Reuters code .......... G1AG.DE Bloomberg code .......G1A.GR Xetra ..................... G1A.DE

Communication, Marketing & Branding

Phone +49 (0)211 9136-1492 Fax +49 (0)211 9136-31492 Mail pr@gea.com

American Depository Receipts (ADR)

CUSIP 361592108
Symbol GEAGY
	Sponsor Deutsche Bank Trust Company Americas
ADR-Level 1
Ratio 1:1

Investor Relations

Phone	+49 (0)211 9136-1082
Fax	+49 (0)211 9136-31082
Mail	ir@gea.com

Imprint

Published by: GEA Group Aktiengesellschaft
Peter-Müller-Straße 12
40468 Düsseldorf
Germany
www.gea.com
Layout: kPaD Andreas Dillhöfer

This quarterly statement includes forward-looking statements on GEA Group Aktiengesellschaft, its subsidiaries and associates, and on the economic and political conditions that may influence the business performance of GEA. All these statements are based on assumptions made by the Executive Board using information available to it at the time. Should these assumptions prove to be wholly or partly incorrect, or should further risks arise, actual business performance may differ from that expected. The Executive Board therefore cannot assume any liability for the statements made.

Note regarding the rounding of figures

Due to the commercial rounding of figures and percentages, small deviations may occur.

Note to the quarterly statement

This quarterly statement is the English translation of the original German version; in case of deviations between these two, the German version prevails.

We live our values.

Excellence • Passion • Integrity • Responsibility • GEA-versity

GEA is a global technology company with multi-billion euro sales and operations in more than 50 countries. Founded in 1881 the company is one of the largest providers of innovative equipment and process technology. GEA is listed in the STOXX® Europe 600 Index.

GEA Group Aktiengesellschaft

Peter-Müller-Straße 12 40468 Düsseldorf Germany Phone: +49 211 9136-0 gea.com