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GEA Group Aktiengesellschaft has released preliminary figures for fiscal year 2017 as well as an initial indication for 2018. Fiscal year 2018 is anticipated to be challenging, in particular due to the sustained weakness of dairy processing, an important customer industry, as well as the strength of the euro. GEA has already launched important strategic initiatives.
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).
GEA completed the acquisition of Vipoll, headquartered in Križevci pri Ljutomeru, Slovenia, which was signed in November 2017. With the acquisition, GEA has added to its group a manufacturer of filling technologies for soft drinks, beer and fresh milk products into glass bottles and cans, as well as pet bottles.