20.04.2016
GEA Group Aktiengesellschaft DE0006602006
DGAP-News: GEA Group Aktiengesellschaft: Correction headline million: GEA posts first quarter order intake of EUR 1.144 million
DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Incoming Orders
GEA Group Aktiengesellschaft: Correction headline million: GEA posts first
quarter order intake of EUR 1.144 million
20.04.2016 / 14:52
The issuer is solely responsible for the content of this announcement.
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GEA posts first quarter order intake of EUR 1.144 million
Düsseldorf, April 20, 2016 - On the occasion of today's Annual General
Meeting, GEA Group Aktiengesellschaft announced its preliminary order
intake for the first quarter of 2016. Order intake totaled roughly EUR
1,144 million, slightly up on the previous year at 1.5 percent, with
currency translation effects in the amount of EUR 26 million adversely
impacting on order intake. The first quarter saw several larger orders, in
particular for the application area dairy processing, but also for food.
"Thanks to our strong position in the market, we have managed to win new
orders in the dairy processing segment. Nonetheless, in the light of the
critical situation of the dairy farmers that continues to persist, we are
faced with a difficult market environment in the area of conventional
milking technology as well as in the oil and gas industry", commented Jürg
Oleas, Chairman of GEA's Executive Board. "Notwithstanding, we confirm our
guidance for the fiscal year 2016 that was issued on February 4, 2016."
The report on first quarter results for 2016 will be released on GEA's
website on May 9, 2016.
Corporate Media and Press:
Marc Pönitz
Peter-Müller-Str. 12, 40468 Düsseldorf, Germany
Tel: +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 December 31, 2015, the Company
employed around 17,500 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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20.04.2016 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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