09.05.2016
GEA Group Aktiengesellschaft DE0006602006
DGAP-News: 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
GEA Group Aktiengesellschaft: GEA achieves 10 percent operating EBITDA
margin in Q1 (news with additional features)
09.05.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
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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
[email protected]
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 [email protected].
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
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09.05.2016 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.
The DGAP 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: [email protected]
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
End of News DGAP News Service
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