Publicación específica

Ad hoc: GEA adjusts outlook for the 2018 fiscal year

10 Oct 2018

Based on the preliminary figures for the third quarter of 2018, the Executive Board of GEA Group Aktiengesellschaft has decided to adjust the outlook for the 2018 fiscal year.

GEA Center Düsseldorf

Compared with the same period last year, the positive trend in order intake, revenue and earnings has persisted throughout the third quarter of 2018:

  • Order intake of approx. EUR 1,180 million (+12 percent; previous year: EUR 1,056.7 million)
  • Revenue of approx. EUR 1,180 million (+4 percent; previous year: EUR 1,130.7 million)
  • Operating EBITDA* of approx. EUR 135 million (+12 percent; previous year: EUR 120.5 million)

However, earnings development, particularly in the customer industry Dairy Processing, falls short of the company's own expectations. This is why, for the 2018 fiscal year, the Executive Board currently expects revenue of approx. EUR 4,800 million (or approx. EUR 4,950 million on constant exchange rates) and operating EBITDA of approx. EUR 540 million (or approx. EUR 550 million on constant exchange rates). This corresponds to an operating EBITDA margin of approx. 11.3 percent (or approx. 11.1 percent on constant exchange rates).

Adjusted outlook

Accordingly, and on constant exchange rates, the Executive Board expects the following figures for the current fiscal year:

  • Revenue growth of approx. 7.5 percent (previously: at the upper end of 5 to 6 percent)
  • Operating EBITDA margin of approx. 11.1 percent (previously: at the lower end of 12 to 13 percent)
  • Operating cash flow driver** margin of approx. 8.5 percent (previously: at the lower end of 8.7 to 9.7 percent)

The other assumptions remain unchanged as outlined in the 2017 Annual Report (p. 120) and the 2018 Half-Yearly Financial Report (p. 15). 

Results of the third quarter will be published on October 29th, 2018. 

* operating EBITDA as defined in the 2018 Half-Yearly Financial Report, pp. 8 and 44ff. 

** operating cash flow driver as defined in the 2018 Half-Yearly Financial Report, p. 3  

Media Relations

GEA Group Aktiengesellschaft

Peter-Müller-Str. 12


40468

Düsseldorf


Germany

+49 211 9136-0

About GEA

GEA es uno de los mayores proveedores para la industria alimentaria y para muchos otros sectores de la industria. En 2019 generó unos ingresos consolidados de 4.900 millones de euros aproximadamente.

El grupo tecnológico internacional se especializa en maquinaria y plantas, además de tecnologías de procesos y componentes. GEA proporciona soluciones de energía sostenibles para procesos de producción sofisticados en distintos mercados de consumo, además de ofrecer una amplia gama de servicios. El grupo genera aproximadamente un 70 por ciento de sus ingresos del sector de alimentos y bebidas, un sector que disfruta de un crecimiento sostenible a largo plazo. A 31 de diciembre de 2018, la compañía contaba con unos 18.500 empleados en todo el mundo. GEA lidera el mercado y la tecnología en sus áreas de negocio. La compañía cotiza en el índice bursátil alemán MDAX (G1A, WKN 660 200), en el índice STOXX® Europe 600, y en los índices MSCI globales de sostenibilidad.
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