DGAP-News: GEA Group Aktiengesellschaft: GEA reports Q1 order intake on the occasion of its Annual General Meeting
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GEA Group Aktiengesellschaft: GEA reports Q1 order intake on the
occasion of its Annual General Meeting
18.04.2013 / 09:00
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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(at)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
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Language: EnglishCompany: 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(at)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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