Corporate | 9 May 2016 07:30

GEA Group Aktiengesellschaft: GEA achieves 10 percent operating EBITDA margin in Q1 (news with additional features)

DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Quarterly / Interim Statement

2016-05-09 / 07:30
The issuer is solely responsible for the content of this announcement.

GEA achieves 10 percent operating EBITDA margin in Q1

Düsseldorf (Germany), May 9, 2016 – GEA’s order intake rose to EUR 1,144.3 million in the first quarter of 2016. Whereas revenue fell, mainly as a result of a low order intake of small, fast-processed orders in the first two months of the year, the order backlog increased by 8.5 percent compared with December 31, 2015.

With the gross margin remaining stable, further cost reductions facilitated by the “Fit for 2020” initiative in particular enabled GEA to improve its operating EBITDA margin by around 20 basis points to 10.0 percent, this despite the contraction in volume.

“Thanks to the measures to enhance efficiency already implemented and our strong position in the market, we succeeded in raising our operating EBITDA margin to 10.0 percent for the first time in a first quarter of a year despite relatively low revenue figures,” said Jürg Oleas, Chairman of the Executive Board of GEA, appraising the present situation. “On the basis of solid order intake and a healthy order backlog, we can now corroborate the forecast we made back in February for fiscal year 2016.”

Net liquidity continued to improve compared with the prior-year period, increasing from EUR 822.7 million to EUR 867.9. Adjusted for non-recurring items, the cash flow driver margin for the last 12 months amounted to 10.9 percent, compared with 10.2 percent for the prior-year period.

IFRS key figures of GEA
(EUR million) Q1 2016 Q1 2015

Order Intake 1,144.3 1,127.5
Revenue 941.2 1,006.4
Operating EBITDA 1) 93.9 98.2
as % of revenue 10.0 9.8
Operating EBIT 1) 74.3 78.8
as % of revenue 7.9 7.8
EBIT 59.0 67.5
Working capital intensity in % (average LTM) 13.1 12.2
Net liquidity (+)/Net debt (-) 867.9 822.7
Cash flow driver margin 2) 10.9 10.2
ROCE in % (goodwill adjusted) 3) 14.1 22.7
Full-time equivalents (reporting date) 17,173 18,161
Earnings per share (EUR) 0.18 0.21

1) Before effects of purchase price allocations and before one-offs
2) Cash flow driver = EBITDA – Capital expenditure – Change in Working Capital (average of the past 12 months)
3) Capital employed (average of the past 12 months) excluding goodwill of about EUR 800m from the acquisition of the former GEA AG by the former Metallgesellschaft AG in 1999

Corporate Media and Press:
Marc Pönitz
Peter-Müller-Str. 12, 40468 Düsseldorf, Germany
Phone +49 (0)211 9136-1500
marc.poenitz@gea.com

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 4.6 billion in 2015. 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 March 31, 2016, the Company employed over 17,000 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 gea.com .

If you do not want to receive any further information from GEA, please send an email to pr@gea.com .

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

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Additional features:

Document: http://n.eqs.com/c/fncls.ssp?u=AGYGKGPSEL
Document title: Quarterly financial report Q1 2016

2016-05-09 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:	ir@gea.com
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; Terminbörse EUREX

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