Corporate | 16 April 2014 07:40


GEA Group Aktiengesellschaft: GEA sales to grow 6% organically in the first quarter (news with additional features)


GEA Group Aktiengesellschaft / Key word(s): Development of Sales/Incoming Orders

16.04.2014 / 07:40

GEA sales to grow 6% organically in the first quarter

Düsseldorf, April 16, 2014 – At the occasion of its annual general meeting, GEA Group Aktiengesellschaft today published a first preliminary trading update.

Group revenues of the German engineering group rose by about 6 percent organically in the first quarter 2014. All business segments contributed to the increase. Despite currency translation effects of around 3 percent, GEA thus reached a revenue level of EUR 951 million (prior year: EUR 924 million).

Group order intake declined organically by around 2 percent in the first quarter. This was exclusively caused by a decline in large orders for the Segment GEA Process Engineering, which however saw its base business increase slightly in organic terms. All other segments experienced clear growth in orders. Despite adverse currency translation effects of around 4 percent and the decline in more volatile large orders, GEA for the first quarter could report a group order intake of EUR 1,024 million (prior year: EUR 1,095 million).

At the condition of no unexpected economic downturns, assuming constant exchange rates versus 2013 and disregarding potential acquisitions and one-off expenses GEA is still aiming in 2014 for a moderate revenue growth and an operating EBITDA of between EUR 550 million and EUR 590 million after EUR 530 million in fiscal 2013. Under the same conditions the cash flow driver margin is expected between 9 and 9.5 percent.

The company will publish detailed figures relating to the course of the first quarter on May 6, 2014.



About GEA Group
GEA Group Aktiengesellschaft is one of the largest suppliers for the food processing industry and a wide range of other process industries. As an international technology group, the Company focuses on process technology and components for sophisticated production processes. In 2013, GEA generated consolidated revenues in excess of EUR 4.3 billion, more than 70 percent of which came from the food sector, which is a long-term growth industry. The group employed about 18,000 people worldwide as of December 31, 2013. 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 .

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


End of Corporate News

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Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=JFYQBSDQDI
Document title: Key figures Q1

16.04.2014 Dissemination of a Corporate News, transmitted by DGAP – a company 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: 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
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