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GEA Group AG (G1AG.DE)

G1AG.DE on Xetra

39.40EUR
28 Mar 2017
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€50.17
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Latest Key Developments (Source: Significant Developments)

GEA Group to start share buyback on March 8
Wednesday, 1 Mar 2017 11:32am EST 

Gea Group Ag : Says intends to repurchase own shares in aggregate amount of up to eur 450m .Says buyback period of first tranche comprising a total volume of no more than eur 225m will begin on march 8.  Full Article

GEA says UK customers hesitant on Brexit, forex
Tuesday, 7 Feb 2017 05:09am EST 

GEA Group AG : CFO says order backlog of 2.264 billion eur is a comfortable level for 2017 . CEO says would have to take measures if there were import tariffs in the u.s. . CEO says Brexit, forex effects are making UK customers hesitate in investment decisions . CFO says dividend policy foresees not falling below year-earlier level . CEO says won't feel full effects of restructuring until 1-2 yrs from now . CFO says expects to pay dividend of 0.80 eurper share again for 2016 Further company coverage: [G1AG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

GEA Group says 2016 operating EBITDA at 566 million euros
Tuesday, 7 Feb 2017 01:30am EST 

GEA Group AG : Says 2016 order intake 4.673 billion euros ($5.00 billion) versus Reuters poll average 4.63 billion euros . Says 2016 operating EBITDA 566 million euros versus Reuters poll average 571 million euros . Is looking to achieve moderate growth in revenue, an operating EBITDA of between 620 million euros and 670 million euros for 2017 . To achieve operating cash flow driver margin before investments in strategic projects of between 8.5 and 9.5 percent for FY 2017 .GEA Group AG - underlying economic uncertainties are not going to diminish in foreseeable future and that goes for current business year 2017 too.  Full Article

GEA Group announces 450 mln eur share buyback program
Monday, 6 Feb 2017 11:45am EST 

GEA Group Ag : Says GEA announces share buyback program .Says shall purchase own shares in an aggregate value of up to eur 450 mn.  Full Article

GEA Group supplies key technology for lithium processing in Australia
Monday, 5 Dec 2016 05:00am EST 

GEA Group AG : Supplies key technology for lithium processing in Australia . Received a larger order from MSP Engineering Pty Ltd, to equip a new, ultra-modern facility for Tianqi Lithium Australia Pty Ltd for production and processing of lithium .Installation is planned for 2017.  Full Article

Gea posts record Q2 core earnings
Thursday, 28 Jul 2016 01:30am EDT 

Gea Group AG says : Increases operating ebitda margin to 12.6 percent in Q2, Ebitda at 145.2 million eur . Organic growth in order intake of 7.3 percent to 1.22 billion euros. . Revenue in Q2 was on a par with previous year . Robust order intake coupled with very good order-backlog figures are an excellent basis for realising our full-year targets .Q2 Earnings per share 0.43 euros.  Full Article

GEA Q1 revenue drops on low intake of small fast orders
Monday, 9 May 2016 01:39am EDT 

GEA Group AG : Achieves 10 percent operating EBITDA margin in Q1 . Order intake rose to eur 1,144.3 million in Q1 of 2016 . Revenue fell, mainly as a result of a low order intake of small, fast-processed orders in first two months of year . Order backlog increased by 8.5 percent compared with December 31, 2015 . Can now corroborate forecast we made back in February for fiscal year 2016 . Net liquidity continued to improve compared with prior-year period, increasing from eur 822.7 million to eur 867.9 . GEA says Q1 sales 941 million eur . Reuters poll average for Q1 sales was 980 million eur, adjusted EBITDA 100 million, net 36 million .GEA says Q1 EPS 0.18 eur.  Full Article

GEA Group AG says Helmut Perlet new chairman of supervisory board
Wednesday, 20 Apr 2016 08:45am EDT 

GEA Group AG:Says Helmut Perlet new chairman of GEA's supervisory board.  Full Article

GEA Group AG restructuring pays off in record 2015 margins - Reuters
Wednesday, 3 Feb 2016 08:04pm EST 

GEA Group AG:GEA lifted its core operating profit by a better-than-expected 5 percent in the fourth quarter thanks to restructuring efforts that progressed ahead of schedule, it said on Thursday. - RTRS.GEA said operating earnings before interest, tax, depreciation and amortisation (EBITDA) were 240 million euros ($266 million), ahead of the average forecast of 227 million euros in a Reuters poll - RTRS.GEA said it had begun moving administrative processes to shared service centres in Eastern Europe and East Asia, and had reached agreement on job cuts with employee bodies in all its important countries including Germany and France. - RTRS.  Full Article

GEA Group AG acquires Imaforni Int'l S.p.A.
Wednesday, 3 Feb 2016 09:00am EST 

GEA Group AG:Signs an agreement to take over Imaforni Int'l S.p.A., Italy.  Full Article

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BRIEF-GEA FY net income down at 6.9 million euros

* FY net income 6.9 million euros ($7.36 million) versus 7.8 million euros year ago