• Record Q1 revenue (EUR 951 million) • Record Q1 operating result (operating EBITDA: EUR 85 million) • Record Q1 operating margin (operating EBITDA margin: 9.0%)
In the first quarter of 2014, revenue generated by GEA’s continuing operations increased by 2.9 percent to EUR 950.7 million (previous year: EUR 924.2 million). Exchange rate developments impacted this figure by –3.1 percent. Organic revenue thus increased significantly by 6.0 percent year-on-year.
At EUR 85.1 million, the group’s operating EBITDA was up EUR 12.7 million, or 17.6 percent, as against the prior-year figure. As a result, the operating EBITDA margin improved by around 110 basis points to 9.0 percent of revenue. Consolidated profit amounted to EUR 47.2 million, a 15.6 percent increase year-on-year. This corresponds to earnings per share of EUR 0.25 (previous year: EUR 0.21).
“The key message is that we have recorded our highest ever first-quarter figure for operating EBITDA, topping our record year in 2008. At 9.0 percent, our operating EBITDA margin is also at a new record level,” said Jürg Oleas, CEO of GEA Group Aktiengesellschaft.
Assuming that there is no unexpected slowdown in global economic growth, GEA is reiterating its previous business outlook for 2014.