Ad hoc announcements

Ad hoc: GEA releases preliminary figures for 2018 and gives first indication for the 2019 financial year

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

Ad hoc: GEA adjusts outlook for the 2018 fiscal year

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.

Ad hoc: GEA appoints new CEO

At today’s meeting, the Supervisory Board of GEA Group Aktiengesellschaft has appointed Stefan Klebert (53) to the company’s Executive Board with effect from November 15, 2018. On February 18, 2019, he will succeed the long-serving CEO, Jürg Oleas (60), who is going to leave the company after completion of the fiscal year and after handing over the reins in February 2019.

Ad hoc: GEA’s CFO to take early retirement from his position on the Executive Board

Today, the Supervisory Board of GEA Group Aktiengesellschaft and Dr. Helmut Schmale (61), Chief Financial Officer of GEA Group Aktiengesellschaft, have mutually agreed that Helmut Schmale will step down from the Executive Board prior to the termination of his appointment due to expire at the end of March 2021.

Ad hoc: GEA releases preliminary Q1 2018 results

For the first quarter of 2018, GEA anticipates the following preliminary results: Operating EBITDA* is expected to amount to approximately EUR 65 million (previous year EUR 96 million).

Ad hoc: GEA’s CEO will not renew his contract enabling the next generation of leadership

Today, the long-standing CEO of GEA Group Aktiengesellschaft, Jürg Oleas (60), has informed the Chairman of the Supervisory Board, Dr. Helmut Perlet, that he is not seeking to extend his term of office beyond December 31, 2019. Furthermore, Jürg Oleas also suggested to leave the Executive Board at the Annual General Meeting in April 2019 in order to allow a swift change in leadership.

Ad hoc: GEA releases preliminary figures 2017 and an initial indication for the 2018 fiscal year

GEA projects the following preliminary figures for the 2017 fiscal year (excluding effects from acquisitions made in 2017): At approximately EUR 4,750 million (previous year EUR 4,674 million), order intake is moderately above the prior-year level. Revenue is up by almost 2 percent to approximately EUR 4,580 million (previous year EUR 4,492 million).