GEA Group Aktiengesellschaft

GEA sees economic slowdown and specifies 2015 guidance

(DGAP-Media / 30.09.2015 / 07:30)

GEA sees economic slowdown and specifies 2015 guidance

Düsseldorf, September 30, 2015 - In light of indicators of a further global
economic downturn - particularly in emerging economies including China - as
well as the announcement of the International Monetary Fund (IMF) to revise
downwards its estimates for global economic growth, also GEA specifies its
guidance for fiscal year 2015. Although the company expects revenue growth
to remain moderate in light of this development, this is no longer the case
on an organic basis, i.e., adjusted for acquisitions and exchange rate
effects. However, due to cost saving measures already implemented and the
expected savings from the "Fit for 2020" initiative GEA is standing by the
most recently announced figures for its earnings forecast. Hence, despite
the challenging environment the company is still aiming for an operating
EBITDA of between EUR 590 million and EUR 640 million in fiscal year 2015.

Jürg Oleas, CEO of GEA, commented on the current situation: "Our strategic
decision to make the group structure more cost-efficient with flatter
hierarchies has proven helpful, given the economic slowdown. In light of
the measures introduced, we are standing by our earnings forecast and the
dividend announced to date of at least EUR 0.70 per share."

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 4.5 billion in 2014. 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 June 30, 2015, the Company
employed around 18,000 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
www.gea.com.

If you do not want to receive any further information from GEA, please send
an email to [e-mail] or call us.

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


End of Media Release

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Issuer: GEA Group Aktiengesellschaft
Key word(s): Enterprise

30.09.2015 Dissemination of a Press Release, transmitted by DGAP - a
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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: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Munich; Regulated Unofficial Market in
Hanover, Stuttgart


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