12.03.2018
GEA Group Aktiengesellschaft DE0006602006
DGAP-News: GEA Group Aktiengesellschaft: Capital Markets Day 2018 - GEA announces mid-term growth targets and confirms dividend policy
DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Conference/Dividend
GEA Group Aktiengesellschaft: Capital Markets Day 2018 - GEA announces
mid-term growth targets and confirms dividend policy
12.03.2018 / 14:30
The issuer is solely responsible for the content of this announcement.
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Capital Markets Day 2018 - GEA announces mid-term growth targets and
confirms dividend policy
Düsseldorf, March 12, 2018 - On the occasion of today's Capital Markets Day
held in London, GEA, the Düsseldorf-based technology group, presents its
strategic orientation and mid-term prospects for growth.
In the period from 2018 to 2022, the company expects revenues to rise by a
compound annual growth rate of 3.5 percent to 4.5 percent. GEA's operating
EBITDA margin should increase to between 13.5 percent and 15.5 percent until
2022. This planning ignores potential currency effects and hence assumes
average 2017 exchange rates. No major future portfolio adjustments are yet
reflected in the assumptions. Furthermore, excluding impacts from strategic
projects and purchase price allocation, GEA expects for both, operating
capex as well as operating depreciation and amortization a ratio of 2
percent of revenue each. The company confirms its general dividend policy
for the years ahead with a payout ratio of at least 40 percent to 50
percent, underlining that it aims to maintain its investment grade rating.
These mid-term growth prospects are based on the assumption that there will
be no major downturn in global economic growth. Moreover, the company
assumes that there will be no significant decline in demand in any of its
relevant customer industries.
"In a swiftly changing and demanding market environment, we continue to
strive to further strengthen our prominent technology position by
consistently investing in key technologies. Today, we already belong to the
market leaders in two thirds of our operations. Our ambition remains to
achieve market leadership in all our important industries. At the same time,
we will press ahead with our value sourcing program while placing even more
emphasis on active portfolio management. We are convinced that in this way
we will be able to combine sustainable growth with a strong margin, even in
a market environment that is expected to be challenging," commented Jürg
Oleas, CEO of GEA.
The presentation documents relating to GEA's Capital Markets Day are
available on the company's website.
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 other industries that generated consolidated revenues of
approximately EUR 4.6 billion in 2017. The international technology group
focuses on process technology, components and sustainable energy solutions
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 December 31, 2017,
the company employed about 18,000 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 [email protected].
Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
gea.com
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12.03.2018 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: [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, Tradegate Exchange
End of News DGAP News Service
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