On the occasion of its Annual General Meeting, GEA released selected preliminary key figures for the first quarter of 2017. At approximately EUR 1,135 million, preliminary order intake was slightly down on the same period last year (EUR 1,144 million).
Düsseldorf-based engineering group GEA has just published preliminary figures for the 2016 financial year, together with a business outlook for 2017. According to the data released, order intake rose to EUR 4,673 million on the back of very significant growth in the food sector.
Today, making use of the authorization to acquire and use treasury stock granted by the Annual General Meeting on April 16, 2015, the Executive Board of GEA Group Aktiengesellschaft decided with the consent of the Supervisory Board, that the Company shall purchase own shares in an aggregate value of up to EUR 450 mn (not including ancillary acquisition costs) on the stock exchange during the period from March 1, 2017 through February 28, 2018.