DGAP-News

GEA Group Aktiengesellschaft: GEA Optimizes Group Structure (news with additional features) - Seite 2

within the operating units. Regional Shared Service Centers will take care
of the implementation of standardized administrative processes such as
accounts receivables and payables or payroll accounting and thus relieve
the operating units.

With project "Fit for 2020", the target is to achieve annual cost savings
of at least EUR 100 million by the end of 2017. According to first
estimates the cash-relevant non-recurring expenditures until then are
likely to add up to approximately the amount of the aforementioned annual
savings. Based on today's business volume, the implementation measures will
include world-wide personnel capacity reductions of approx. 1000 full-time
equivalents over the next 2-3 years. However, the exact number of
adjustments, the timeline and affected locations are subject to further
analyses during the "Blueprint Detailing" phase. Personnel-related measures
will be discussed in a timely and adequate manner with the relevant
employee representatives.

"The goal of the strategic realignment of GEA is to ensure the sustainable
development of value added in the company group. With this new group
structure we will not only leverage existing savings potentials but also
establish the organizational platform for reaching our ambitious growth
targets. The future GEA will have substantially flatter hierarchies, act
more closely to the local customer and boast a distinctly clearer footprint
as a globally uniform brand. Further details of the new organization will
now be determined in a blueprint detailing phase until the end of the
year", affirmed Jürg Oleas, CEO of GEA Group Aktiengesellschaft.


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 June 30,
2014. 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]