DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Quarterly / Interim Statement GEA Group Aktiengesellschaft: GEA publishes figures for the second quarter 30.07.2018 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- GEA publishes figures for the second quarter * Order intake: EUR 1,383 million; 11.4% above previous year * Revenue: EUR 1,227 million; 7.8% above previous year * Operating EBITDA: EUR 133 million; 8.6% above previous year * Operating EBITDA margin Q2 2018: 10.8% (same as previous year) * Clarified outlook for 2018: revenue likely to be at the upper end; operating EBITDA margin and, thus, operating cash flow driver margin at the lower end of the published corridor Düsseldorf (Germany), July 30, 2018 - In the second quarter of 2018, GEA topped the previous year's figure for order intake, setting a new quarterly record. Second-quarter revenue was above the level of the previous year. Operating EBITDA in the second quarter was slightly above the figure for the same quarter of the previous year. The corresponding margin remained on a par with the previous year. "Demand for our products and applications hit record levels in the second quarter of the year thanks to our innovative capabilities and leading technologies. Whereas negative currency effects produced a headwind, our latest acquisitions had a positive impact. Revenue was in line with expectations. Due to an increase in revenue and ongoing cost discipline, among other factors, operating EBITDA was slightly above the previous year's level. However, GEA was not able to make up the shortfall from the first quarter. The negative effects of a strong euro, increases in material costs and the resulting pressure on margins means that hitting our margin targets will remain a big challenge," said Jürg Oleas, CEO of GEA. "Judging by the key indicators for the first half of the year, we assume that revenue growth for the whole of 2018 will likely land at the upper end of the published corridor. However, in terms of the figures for the operating EBITDA margin and, thus, the operating cash flow driver margin, we now expect to close the financial year at the lower end of the forecasted corridor." IFRS key figures1 of GEA (EUR million) Q2 2018 Q2 2017 Chan- ge in % Results of operations Order intake 1,383.0 1,241.1 11.4 Revenue 1,227.0 1,138.5 7.8 Operating EBITDA2 133.0 122.4 8.6 as % of revenue 10.8 10.8 - Operating EBIT2 108.9 101.9 6.9 as % of revenue 8.9 8.9 - EBIT 87.6 78.7 11.3 Net assets Working capital intensity in % (average of the 15.8 16.1 - last 12 months) Net liquidity (+)/Net debt (-) -326.9 343.7 - Financial position Operating cash flow driver margin3 9.3 7.0 - ROCE in % (goodwill adjusted)4 13.3 15.1 - Full-time equivalents (reporting date)5 18,287 17,093 7.0 GEA Shares Earnings per share (EUR) 0.36 0.29 23.0 1) The key figures for the constant exchange rates are presented on page 15 of the half-yearly financial report. 2) Before effects of purchase price allocations and adjustments 3) 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) 4) Capital employed excluding goodwill from the acquisition of the former GEA AG by former Metallgesellschaft AG in 1999 (average of the last 12 months) 5) Organic change without acquisitions but including other changes in the basis of consolidation Corporate Media and Press: Marc Pönitz Peter-Müller-Str. 12, 40468 Düsseldorf, Germany Phone +49 211 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 --------------------------------------------------------------------------- 30.07.2018 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 708771 30.07.2018