Corporate | 18 April 2013 09:00

GEA Group Aktiengesellschaft: GEA reports Q1 order intake on the occasion of its Annual General Meeting

GEA Group Aktiengesellschaft / Key word(s): Incoming Orders/AGM/EGM

18.04.2013 / 09:00

GEA reports Q1 order intake on the occasion of its Annual General Meeting

Düsseldorf, April 18, 2013 – At today’s Annual General Meeting the Düsseldorf-headquartered mechanical engineering group GEA announced that order intake of the first quarter 2013 amounted to EUR 1,447 million. Adjusted for currency effects and acquisitions, it was thus down EUR 85 million on the previous year (EUR 1,545 million) in organic terms. In this context it also must be taken into consideration that due to a large order in excess of EUR 70 million GEA saw a record order intake in the equivalent prior-year period. Taking these effects into account, order intake in the first quarter of 2013 nearly reached last year’s level or, respectively, the level of the fourth quarter of 2012.

For the current 2013 fiscal year, GEA believes that demand in its sales markets will match the high levels seen in 2012. Assuming that there is no downturn in global economic growth, the group is expecting moderate revenue growth in the current fiscal year. With regard to cash flow drivers, namely the net amount of EBITDA, capital expenditures and change in working capital, GEA is aiming for a ratio to revenue of at least 8.0 percent in 2013, after 6.5 percent in the previous year. In terms of price quality, the market environment is also expected to remain unchanged as against 2012. On this basis, earnings (EBITDA) of around EUR 700 million are targeted for 2013 (around EUR 600 million prior year).

The company will publish detailed figures relating to the course of the first quarter on May 8, 2013.

About GEA Group
GEA Group Aktiengesellschaft is one of the largest suppliers of process technology and components for the food and energy industries. As an international technology group, the Company focuses on sophisticated production processes. In 2012, GEA generated consolidated revenues in excess of EUR 5.7 billion, 70 percent of which came from the food and energy sectors, which are long-term growth industries. The group employed about 24,500 people worldwide as of December 31, 2012. GEA Group is a market and technology leader in its business areas. It is listed in Germany’s MDAX stock index (G1A, WKN 660 200) and the STOXX ^(R) Europe 600 Index. Further information is available on the Internet at: www.gea.com .

To unsubscribe from GEA Group Aktiengesellschaft’s news distribution list, please send an e-mail to pr@gea.com or call us on +49-211-9136-1492 .

Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
www.gea.com

End of Corporate News

18.04.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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:	ir@gea.com
Internet:	www.gea.com
ISIN:	DE0006602006
WKN:	660200
Indices:	MDAX
Listed:	Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime Standard), Hamburg, München; Freiverkehr in Hannover, Stuttgart

End of News DGAP News-Service

207530  18.04.2013