Colin Hall (47) was appointed to the Supervisory Board of GEA Group Aktiengesellschaft by order of the Düsseldorf local court. Colin Hall, an American national, is Head of Investments at Groupe Bruxelles Lambert (GBL), simultaneously holding the position of CEO at Sienna Capital, a 100 percent subsidiary of GBL. He succeeds Prof. Dr. Ing. Werner J. Bauer (67), who resigned from the Supervisory Board for personal reasons as of November 12, 2018. It is planned that Colin Hall will stand as a candidate for election by the shareholders in April 2019.
After a very good previous quarter, GEA also closed the third quarter of 2018 on a positive note. GEA set new third quarter records for both order intake and revenue. The operating EBITDA margin was also up year-on-year, enabling GEA to nearly reverse the deficit from a weak first quarter.
According to preliminary figures, the positive trend compared with the same period last year in order intake (approx. EUR 1,180 million, plus 12 percent), revenue (approx. EUR 1,180 million, plus 4 percent) and operating EBITDA (approx. EUR 135 million; plus 12 percent) has persisted throughout the third quarter of 2018. However, earnings development, in particular in the customer industry Dairy Processing, falls short of the company’s own expectations.