GEA Group Aktiengesellschaft: GEA focuses further on core business and pursues separation from segment GEA Heat Exchangers in medium term
(firmenpresse) - (DGAP-Media / 20.06.2013 / 13:56)
GEA focuses further on core business and pursues separation from segment
GEA Heat Exchangers in medium term
Düsseldorf, June 20, 2013 - GEA Group, the Düsseldorf-based mechanical
engineering group, focuses with even greater emphasis on its leading
position as system provider to the food industry and other technologically
sophisticated process industries. The segment GEA Heat Exchangers ('HX') is
no longer be counted as core business by GEA. GEA has hence decided to
separate from this business in the medium term and is reviewing all options
for a separation from the HX segment.
This is the outcome of a comprehensive technological and strategic
portfolio review launched by GEA last year. The aim of the review was to
identify the core business areas which bear the greatest synergy potential.
Those businesses are to be systematically further developed and serve as
the foundation for the sustained future growth of the GEA Group.
'Efficient deployment of our human and financial resources is central to
GEA's continued successful development going forward. This means we have to
focus as we expand our business,' said Jürg Oleas, Chairman of the
Executive Board of GEA Group Aktiengesellschaft. 'The in-depth review of
all business units has shown that our technologies for the food industry
and their deployment in alternative sectors hold very substantial growth
potential. Their markets are highly stable and are driven by long-term
global megatrends. We therefore plan to sustainably increase the proportion
of Group revenue accounted for by food technologies in the medium term to
around 70 to 75 percent.'
The HX segment is highly profitable and has a strong market position. There
are only limited potential synergies between HX and the other business
units in the GEA Group portfolio, however, as their business profiles
differ. The scope for Group-wide use of technologies and capabilities is
limited. In light of this, GEA firmly believes that the HX business will be
able to develop even better within a new ownership structure.
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 March 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.
To unsubscribe from GEA Group Aktiengesellschaft's news distribution list,
please send an e-mail to pr(at)gea.com.
Contact
GEA Group Aktiengesellschaft
Donat von Müller
Head of Investor Relations and Public Relations
Tel.: +49 211 9136-1492
donat.vonmueller(at)gea.com
HERING SCHUPPENER Consulting
Strategieberatung für Kommunikation GmbH
Michael Iltschev
Tel.: +49 (69) 921874-49
Mobil: +49 (151) 1623 1325
miltschev(at)heringschuppener.com
End of Media Release
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Issuer: GEA Group Aktiengesellschaft
Key word(s): Industry
20.06.2013 Dissemination of a Press Release, transmitted by DGAP - a
company of EQS Group 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
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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(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-Media
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