|Press Releases 2014|
|Oct 13, 2014||
GEA announces medium-term financial objectives
On the occasion of this year's Capital Markets Day, GEA for the first time published detailed financial targets set until 2020. During this period, the Company intends to achieve a 4% to 6% average annual organic growth in sales.
|Oct 08, 2014||
GEA announces bolt-on acquisitions to enhance application know how
GEA signed an agreement to acquire de Klokslag in the Netherlands. The company is a leading supplier of large scale equipment for semi-hard cheese production in Europe. The transaction remains subject to approval by the anti-trust authorities. De Klokslag is well known to GEA, as both companies have cooperated in the market at various occasions over the past decade.
|Sep 30, 2014||
GEA to build Fonterras next mega dairy powder plant
GEA will build Fonterra’s next large milk powder plant in Lichfield, New Zealand. With an output capacity of 30 tonnes per hour, this plant will match the size of the world’s biggest existing dairy plant which GEA built for Fonterra at Darfield, New Zealand in 2013. GEA’s scope of supply has a value of around EUR 90 m.
|Aug 21, 2014||
GEA Optimizes Group Structure
Düsseldorf, August 21, 2014 – Within the scope of its “Fit for 2020” initiative, the Executive Board of GEA Group Aktiengesellschaft resolved to introduce a new group structure. As part of the strategic realignment of the company, this initiative provides an optimized organizational setup with reduced structural complexity. Hence, it will allow for significant cost reduction and fosters further growth.
|Aug 20, 2014||
Ad-hoc - GEA Optimizes Group Structure
Within the scope of its “Fit for 2020” initiative, the Executive Board of GEA Group Aktiengesellschaft resolved to introduce a new group structure.
|Jul 28, 2014||
GEA Increases Operating EBITDA Margin to 11.5 Percent
GEA closed the second quarter of 2014 on a positive note. The GEA Farm Technologies and GEA Refrigeration Technologies segments in particular saw encouraging growth. At EUR 1,170 million, the company’s order intake adjusted for currency translation effects again almost reached the all-time highs seen in the prior-year quarter. This places GEA’s order intake at the upper end of expectations.
|Jul 21, 2014||
GEA receives major dairy processing orders worth more than EUR 60m
Dusseldorf-based engineering group GEA received various major orders from the dairy processing industry in the second quarter of 2014.
|Jun 26, 2014||
Dr. Stephan Petri to continue as Member of the Executive Board until 2018
The Supervisory Board of GEA Group Aktiengesellschaft today extended the appointment as Member of the Executive Board of Dr. Stephan Petri (50) by another 3 years until May 31, 2018.
|May 06, 2014||
GEA starts fiscal year 2014 with record-breaking quarter
In the first quarter of 2014, revenue generated by GEA’s continuing operations increased by 2.9 percent to EUR 950.7 million (previous year: EUR 924.2 million). Exchange rate developments impacted this figure by –3.1 percent. Organic revenue thus increased significantly by 6.0 percent year-on-year.
|Apr 16, 2014||
Dr. Helmut Schmale to continue as CFO until 2018
The Supervisory Board of GEA Group Aktiengesellschaft today extended the appointment as Chief Financial Officer of Dr. Helmut Schmale (57) by another 3 years until March 31, 2018.
|Apr 16, 2014||
GEA Group concludes agreement on the sale of the Heat Exchangers Segment to Triton
The Düsseldorf-based mechanical engineering group GEA Group announces the sale of its Heat Exchangers (HX) Segment to funds advised by Triton. The purchase agreement was signed today. The sale is based on an enterprise value of approx. 1.3 billion euros.
|Apr 16, 2014||
Ad-hoc - GEA sells the segment Heat Exchangers
GEA Group Aktiengesellschaft sells its segment Heat Exchangers to funds advised by Triton.
|Apr 16, 2014||
GEA sales to grow 6% organically in the first quarter
At the occasion of its annual general meeting, GEA Group Aktiengesellschaft today published a first preliminary trading update.
|Feb 06, 2014||
GEA revenue and profit hit new record high in 2013
GEA ended fiscal year 2013 on a very successful note despite a challenging environment and released its preliminary key figures. Order intake including discontinued operations (DOP) amounted to EUR 6,093 million, with corresponding revenue increasing to EUR 5,772 million.
|Jan 13, 2014||
GEA order intake to increase above EUR 6bn
The mechanical engineering group GEA at an investor conference in New York estimated its preliminary order intake for fiscal year 2013 to exceed EUR 6 billion.
|Jan 09, 2014||
Asian demand for dairy products affords GEA another EUR 120M of large orders in Q4
In Q4 2013 the mechanical engineering group GEA was awarded large dairy processing orders worth more than EUR 120 million in total.
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