Ad-hoc release

Ad hoc: GEA adjusts outlook for operating cash flow driver margin for 2018

22 Nov 2018

Following the Group’s business development in October, the Executive Board of GEA Group Aktiengesellschaft has decided to adjust its outlook for the operating cash flow driver margin* for the 2018 financial year (based on constant exchange rates) to a corridor of 6.5 to 7.0 percent (previously: approx. 8.5 percent).

GEA Center Düsseldorf

This forecast corresponds to a reported (i.e. based on current exchange rates) operating cash flow driver margin of 7.0 to 7.5 percent. This new appraisal reflects the higher level of working capital, which has persisted in the current financial year for longer than in the previous year due to volume. 

The remaining elements of the outlook and other assumptions for the 2018 financial year remain unchanged as outlined in the Report for the Third Quarter (see page 6) and in the 2017 Annual Report (see page 120). 

Despite the good volume development in 2018, GEA is less confident about the development of its business in 2019. The deteriorating macroeconomic environment combined with further increases in material and personnel costs will have a negative impact.

* Operating cash flow driver as defined on pages 3, 8 and 44ff of the 2018 Half-yearly Financial Report.

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About GEA

GEA is one of the world’s largest suppliers of systems and components to the food, beverage and pharmaceutical industries. The international technology group, founded in 1881, focuses on machinery and plants, as well as advanced process technology, components and comprehensive services.

With more than 18,000 employees, the group generated revenues of about EUR 5.4 billion in more than 150 countries in the 2023 fiscal year. GEA plants, processes, components and services enhance the efficiency and sustainability of customer’s production. They contribute significantly to the reduction of CO2 emissions, plastic usage and food waste. In doing so, GEA makes a key contribution toward a sustainable future, in line with the company’s purpose: ”Engineering for a better world“. GEA is listed on the German MDAX the European STOXX® Europe 600 Index and is among the companies comprising the DAX 50 ESG, MSCI Global Sustainability as well as Dow Jones Sustainability World and Dow Jones Sustainability Europe Indices.
 
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