12.02.2020 GEA Group Aktiengesellschaft  DE0006602006

DGAP-News: GEA Group Aktiengesellschaft: Steffen Bersch to step down from GEA's Executive Board


 

DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Personnel
GEA Group Aktiengesellschaft: Steffen Bersch to step down from GEA's Executive Board

12.02.2020 / 15:12
The issuer is solely responsible for the content of this announcement.


Steffen Bersch to step down from GEA's Executive Board

  • GEA Group Aktiengesellschaft will be managed by a three-member Executive Board going forward
  • Newly created "Global Executive Committee" consisting of the Executive Board, the Division CEOs as well as the Regional CEOs set to strengthen the new organization

Düsseldorf, February 12, 2020 - Today, the Supervisory Board of GEA Group Aktiengesellschaft and Steffen Bersch (50), member of GEA's Executive Board, have mutually agreed to prematurely terminate his service agreement due to expire on December 31, 2021. In doing so, the Board honored Steffen Bersch's request for a termination of his service agreement to seek new challenges outside of GEA Group. As a consequence, GEA will shrink its Executive Board to three members. As of March 1, 2020, the latter will comprise the Chairman of the Executive Board Stefan Klebert, the Chief Financial Officer Marcus A. Ketter as well as the company's Chief Operating Officer Johannes Giloth.

Since January 1, 2016, Steffen Bersch has been a member of the Executive Board of GEA Group Aktiengesellschaft, where he has been responsible for the Liquid & Powder Technologies, Food & Healthcare Technologies and Refrigeration Technologies Divisions as well as Global Technology since the start of the year.

Joining GEA back in 2000, Steffen Bersch has held various leadership positions within the company. This included several years as Managing Director of GEA Middle East in Dubai, United Arab Emirates, as well as a stint as head of a business unit in the Separator business. On the Executive Board, he was in charge of the Business Area Equipment until the end of 2019. When the new divisional organization entered into force at the start of the year, he took up his current responsibilities.

Dr. Helmut Perlet, Chairman of GEA's Supervisory Board, stated: "On behalf of the entire Supervisory Board, I would like to thank Steffen Bersch very much for the twenty years of service he has rendered to GEA. In a difficult market environment, he has been instrumental in driving the successful development of the Business Area Equipment and the company's service business in recent years. I very much regret his departure and wish him all the best in his future, both personal and professional."

For the purpose of giving the Division CEOs and the Regional CEOs responsible for operational business a greater say in corporate decision-making, the company will set up a Global Executive Committee immediately below Executive Board level.

Stefan Klebert, CEO of GEA Group Aktiengesellschaft commented: "First of all, I would like to express my sincere thanks to Steffen Bersch for his constructive cooperation on the Executive Board, wishing him all the best and every success in meeting his new challenges. By creating a Global Executive Committee, we will accomplish an even more direct form of governance for our divisional corporate structure while accelerating decision making. We have restored profit & loss responsibility for their respective entities to our managers. Therefore, it is only logical to more closely involve them in the strategic and operational decisions of the group as a whole going forward."


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 over EUR 4.8 billion in 2018. The international technology group specializes in machinery, and plants as well as process technology and components. GEA provides sustainable energy solutions for sophisticated production processes in various end-user markets and offers a comprehensive service portfolio. 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, 2018, the company employed about 18,500 people worldwide. The company is listed on the German MDAX (G1A, WKN 660 200), the STOXX(R) Europe 600 Index and selected MSCI Global Sustainability Indexes. Further information is available on the Internet at gea.com.


Contact
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1081
Fax +49 (0)211 9136 31087
gea.com


12.02.2020 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
EQS News ID: 973769

 
End of News DGAP News Service

973769  12.02.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 4.604,51 4.828,21 4.879,70 4.635,05 4.702,91 5.164,71 5.373,49
EBITDA1,2 563,90 431,20 374,40 478,33 569,27 654,04 713,77
EBITDA-Marge3 12,25 8,93 7,67 10,32 12,11 12,66
EBIT1,4 380,91 259,78 -109,09 221,18 379,71 460,98 519,70
EBIT-Marge5 8,27 5,38 -2,24 4,77 8,07 8,93 9,67
Jahresüberschuss1 243,31 113,53 -170,67 96,83 305,17 401,43 392,76
Netto-Marge6 5,28 2,35 -3,50 2,09 6,49 7,77 7,31
Cashflow1,7 262,00 262,66 478,00 715,22 682,00 469,33 533,57
Ergebnis je Aktie8 1,31 0,63 -0,95 0,54 1,70 2,28 2,28
Dividende8 0,85 0,85 0,85 0,85 0,90 0,95 0,80
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INVESTOR-INFORMATIONEN
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GEA Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
660200 39,190 Kaufen 6.753,65
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
14,51 23,65 0,62 28,69
KBV KCV KUV EV/EBITDA
3,03 12,66 1,26 8,94
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,95 1,00 2,55 30.04.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
08.05.2024 07.08.2024 06.11.2024 07.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
5,17% 8,60% 3,98% -6,91%
    
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