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GEA Group Aktiengesellschaft: GEA sales to grow 6% organically in the first quarter (news with additional features)

DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Development of
Sales/Incoming Orders
GEA Group Aktiengesellschaft: GEA sales to grow 6% organically in the
first quarter (news with additional features)

16.04.2014 / 07:40

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GEA sales to grow 6% organically in the first quarter

Düsseldorf, April 16, 2014 - At the occasion of its annual general meeting,
GEA Group Aktiengesellschaft today published a first preliminary trading
update.

Group revenues of the German engineering group rose by about 6 percent
organically in the first quarter 2014. All business segments contributed to
the increase. Despite currency translation effects of around 3 percent, GEA
thus reached a revenue level of EUR 951 million (prior year: EUR 924
million).

Group order intake declined organically by around 2 percent in the first
quarter. This was exclusively caused by a decline in large orders for the
Segment GEA Process Engineering, which however saw its base business
increase slightly in organic terms. All other segments experienced clear
growth in orders. Despite adverse currency translation effects of around 4
percent and the decline in more volatile large orders, GEA for the first
quarter could report a group order intake of EUR 1,024 million (prior year:
EUR 1,095 million).

At the condition of no unexpected economic downturns, assuming constant
exchange rates versus 2013 and disregarding potential acquisitions and
one-off expenses GEA is still aiming in 2014 for a moderate revenue growth
and an operating EBITDA of between EUR 550 million and EUR 590 million
after EUR 530 million in fiscal 2013. Under the same conditions the cash
flow driver margin is expected between 9 and 9.5 percent.

The company will publish detailed figures relating to the course of the
first quarter on May 6, 2014.



About GEA Group
GEA Group Aktiengesellschaft is one of the largest suppliers for the food
processing industry and a wide range of other process industries. As an
international technology group, the Company focuses on process technology
and components for sophisticated production processes. In 2013, GEA
generated consolidated revenues in excess of EUR 4.3 billion, more than 70
percent of which came from the food sector, which is a long-term growth
industry. The group employed about 18,000 people worldwide as of December
31, 2013. GEA Group is a market and technology leader in its business
areas. It is listed in Germany's MDAX stock index (G1A, WKN 660 200) and
the STOXX(R) Europe 600 Index. Further information is available on the
Internet at: www.gea.com.

To unsubscribe from GEA Group Aktiengesellschaft's news distribution list,
please send an e-mail to [e-mail].

Contact:
GEA Group Aktiengesellschaft
Phone [phone]
Fax [phone]
www.gea.com


End of Corporate News

+++++
Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=JFYQBSDQDI
Document title: Key figures Q1

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Language: English
Company: GEA Group Aktiengesellschaft
Peter-Müller-Straße 12
40468 Düsseldorf
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.gea.com
ISIN: DE0006602006
WKN: 660200
Indices: MDAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, München; Freiverkehr in Hannover,
Stuttgart


End of News DGAP News-Service
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