Corporate | 9 May 2017 07:30

GEA Group Aktiengesellschaft: GEA announces figures for the first quarter

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

09.05.2017 / 07:30
The issuer is solely responsible for the content of this announcement.

GEA announces figures for the first quarter

Düsseldorf (Germany), May 9, 2017 – Thanks to robust growth in small and mid-sized orders, GEA’s order intake in the first quarter of 2017 almost matched the level of the previous year. Despite reticence on the part of customers to place major orders, the company secured order intake of EUR 1,136 million in the period under review. In terms of revenue, both Business Areas made significant gains, with overall group revenue increasing by 6.7 percent to EUR 1,004 million. The food and pharma applications and the regions of Western Europe, Middle East & Africa and Latin America were significant sources of momentum. Operating EBITDA rose to EUR 96 million, an increase of 2.7 percent compared with the same period in the previous year.

“The macroeconomic uncertainties are expected to intensify, so we’ll have to see how GEA fares in the second quarter of 2017 before venturing a prediction as to where in our performance corridor we will close the year,” said Jürg Oleas, CEO of GEA, in his assessment of the situation.

IFRS key figures of GEA
(EUR million) Q1 2017 Q1 2016

Order Intake 1,136.0 1,144.3
Revenue 1,003.9 941.2
Operating EBITDA 1) 96.4 93.9
as % of revenue 9.6 10.0
Operating EBIT 1) 76.3 74.3
as % of revenue 7.6 7.9
EBIT 63.6 59.0
Working capital intensity in % (average LTM) 15.4 13.1
Net liquidity (+)/Net debt (-) 718.2 867.9
Cash flow driver margin 2) 8.0 10.9
ROCE in % (goodwill adjusted) 3) 16.5 14.1
Full-time equivalents (reporting date) 17,035 17,173
Earnings per share (EUR) 0.29 0.18

1) Before effects of purchase price allocations and adjustments
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)

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 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 March 31, 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 .

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
gea.com

09.05.2017 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:	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, Tradegate Exchange

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