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GEA Group AG (G1AG.DE)

G1AG.DE on Xetra

32.71EUR
21 Aug 2018
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Latest Key Developments (Source: Significant Developments)

GEA sees operating 2018 EBITDA Margin at lower end of corridor
Monday, 30 Jul 2018 01:34am EDT 

July 30 (Reuters) - GEA Group AG ::DGAP-NEWS: GEA GROUP AKTIENGESELLSCHAFT: GEA PUBLISHES FIGURES FOR THE SECOND QUARTER.Q2 REVENUE ROSE 7.8 PERCENT TO 1.227 BILLION EUR.ORDER INTAKE: EUR 1,383 MILLION; 11.4% ABOVE PREVIOUS YEAR.REVENUE: EUR 1,227 MILLION; 7.8% ABOVE PREVIOUS YEAR.OPERATING EBITDA: EUR 133 MILLION; 8.6% ABOVE PREVIOUS YEAR.OPERATING EBITDA MARGIN Q2 2018: 10.8% (SAME AS PREVIOUS YEAR).CLARIFIED OUTLOOK FOR 2018: REVENUE LIKELY TO BE AT UPPER END;.OPERATING EBITDA MARGIN AND, THUS, OPERATING CASH FLOW DRIVER MARGIN.OPERATING EBITDA MARGIN AND, THUS, OPERATING CASH FLOW DRIVER MARGIN AT LOWER END OF PUBLISHED CORRIDOR.DUE TO AN INCREASE IN REVENUE AND ONGOING COST DISCIPLINE, AMONG OTHER FACTORS, OPERATING EBITDA WAS SLIGHTLY ABOVE PREVIOUS YEAR'S LEVEL.GEA WAS NOT ABLE TO MAKE UP SHORTFALL FROM Q1.NEGATIVE EFFECTS OF A STRONG EURO, INCREASES IN MATERIAL COSTS AND RESULTING PRESSURE ON MARGINS MEANS THAT HITTING OUR MARGIN TARGETS WILL REMAIN A BIG CHALLENGE.REVENUE GROWTH FOR WHOLE OF 2018 WILL LIKELY LAND AT UPPER END OF PUBLISHED CORRIDOR.FOR OPERATING EBITDA MARGIN, OPERATING CASH FLOW DRIVER MARGIN, NOW EXPECT 2018 YEAR AT LOWER END OF FORECASTED CORRIDOR.  Full Article

GEA Group Receives Binding Offer From Altifort To Acquire Site In France
Wednesday, 13 Jun 2018 09:29am EDT 

June 13 (Reuters) - GEA Group AG ::GEA HAS RECEIVED A BINDING OFFER FROM ALTIFORT TO ACQUIRE ITS PRODUCTION SITE IN CHÂTEAU-THIERRY.NO COMPULSORY REDUNDANCIES PLANNED FOR ACQUIRED ACTIVITY.PARTIES HAVE AGREED NOT TO DISCLOSE ANY FINANCIAL DETAILS OF TRANSACTION.PARTIES CONTEMPLATE TO IMPLEMENT TRANSACTION IN Q3 OF 2018.  Full Article

GEA Group Announces Mid-Term Growth Targets And Confirms Dividend Policy
Monday, 12 Mar 2018 09:30am EDT 

March 12 (Reuters) - GEA GROUP AG ::GEA GROUP AKTIENGESELLSCHAFT: CAPITAL MARKETS DAY 2018 - GEA ANNOUNCES MID-TERM GROWTH TARGETS AND CONFIRMS DIVIDEND POLICY.FROM 2018 TO 2022, COMPANY EXPECTS REVENUES TO RISE BY A COMPOUND ANNUAL GROWTH RATE OF 3.5 PERCENT TO 4.5 PERCENT.OPERATING EBITDA MARGIN SHOULD INCREASE TO BETWEEN 13.5 PERCENT AND 15.5 PERCENT UNTIL 2022.CONFIRMS ITS GENERAL DIVIDEND POLICY FOR YEARS AHEAD WITH A PAYOUT RATIO OF AT LEAST 40 PERCENT TO 50 PERCENT.PLANNING IGNORES POTENTIAL CURRENCY EFFECTS AND HENCE ASSUMES AVERAGE 2017 EXCHANGE RATES.ASSUMES THAT THERE WILL BE NO SIGNIFICANT DECLINE IN DEMAND IN ANY OF ITS RELEVANT CUSTOMER INDUSTRIES.  Full Article

GEA Group GEA Aims To Grow Revenue By Between 5 And 6 Pct In 2018​
Monday, 12 Mar 2018 02:31am EDT 

March 12 (Reuters) - Gea Group AG ::‍GROUP'S ORDER INTAKE FOR WHOLE OF 2017 AMOUNTED TO EUR 4,751 MILLION, WHICH IS 1.7 PERCENT ABOVE PREVIOUS YEAR'S LEVEL​.‍REVENUE IN 2017 (EUR 4,605 MILLION) WAS A MODERATE 2.5 PERCENT ABOVE FIGURE FOR PREVIOUS YEAR​.‍FOOD SECTOR SHOWED PARTICULARLY POSITIVE DEVELOPMENT WITH AROUND 12 PERCENT GROWTH​.‍GROUP'S OPERATING EBITDA AMOUNTED TO EUR 564 MILLION​.‍COMPANY POSTED A RATIO TO REVENUE OF 8.4 PERCENT LAST YEAR​.‍SUPERVISORY BOARD WILL SUGGEST THAT ANNUAL GENERAL MEETING ON APRIL 19, 2018 RESOLVE TO DISTRIBUTE AN INCREASED DIVIDEND OF EUR 0.85 PER SHARE​.‍FOR 2018 FISCAL YEAR, GEA AIMS TO GROW REVENUE BY BETWEEN 5 AND 6 PERCENT​.‍OPERATING EBITDA MARGIN IN 2018 WILL PROBABLY BE BETWEEN 12.0 AND 13.0 PERCENT OF REVENUE IN CURRENT BUSINESS YEAR​.  Full Article

GEA Group Says Secures Contract With Indonesian ABC Group
Friday, 2 Mar 2018 06:32am EST 

March 2 (Reuters) - GEA GROUP AG ::SECURED CONTRACT WITH INDONESIAN ABC GROUP TO SUPPLY A EUROCLASS 800 RE MILKING SYSTEM.  Full Article

GEA Group Places Borrower's Loan Note In Amount Of EUR 250 Mln
Monday, 26 Feb 2018 08:20am EST 

Feb 26 (Reuters) - GEA Group AG ::DGAP-NEWS: GEA GROUP AKTIENGESELLSCHAFT: GEA PLACES BORROWER'S LOAN NOTE IN THE AMOUNT OF EUR 250 MILLION.DGAP-NEWS: GEA GROUP AKTIENGESELLSCHAFT: GEA PLACES BORROWER'S LOAN NOTE IN THE AMOUNT OF EUR 250 MILLION.WITH ORDER BOOK BEING SEVERAL TIMES OVERSUBSCRIBED, INTEREST SPREAD CONDITIONS COULD BE FIXED AT LOWER END.STILL, IT WAS POSSIBLE TO RAISE ORIGINALLY PLANNED ISSUANCE VOLUME.  Full Article

GEA Group Gets Another Order To Supply Equipment For Lithium Production In Australia
Monday, 19 Feb 2018 09:15am EST 

Feb 19 (Reuters) - GEA Group AG ::DGAP-NEWS: GEA GROUP AKTIENGESELLSCHAFT: GEA RECEIVES ANOTHER MAJOR ORDER TO SUPPLY EQUIPMENT FOR LITHIUM PRODUCTION IN AUSTRALIA.RECEIVED YET ANOTHER ORDER FROM MSP ENGINEERING PTY LTD.  Full Article

GEA Group Completes Share Buyback Programme Of Up To 450 Mln Euros
Thursday, 8 Feb 2018 08:46am EST 

Feb 8 (Reuters) - GEA GROUP AG ::GEA GROUP AKTIENGESELLSCHAFT: GEA COMPLETES SHARE BUYBACK PROGRAMME.‍SHARES WERE ACQUIRED AT AN AVERAGE PURCHASE PRICE OF EUR 37.49 EUR​.COMPLETED ITS SHARE BUYBACK PROGRAM IN AMOUNT OF UP TO EUR 450 MILLION.  Full Article

GEA Group AG Says Albert Frere Stake In Company Increased To 4.33 Percent As Of Dec 28‍​
Tuesday, 6 Feb 2018 11:43am EST 

Feb 6 (Reuters) - Gea Group Ag ::SAYS ALBERT FRERE STAKE IN COMPANY INCREASED TO 4.33 PERCENT AS OF DEC 28‍​.  Full Article

GEA Closes Acquisition Of Vipoll
Thursday, 4 Jan 2018 03:30am EST 

Jan 4 (Reuters) - Gea Group AG ::DGAP-NEWS: GEA GROUP AKTIENGESELLSCHAFT: GEA CLOSES ACQUISITION OF VIPOLL.  Full Article

Investor Elliott urges Germany's GEA Group to appoint CEO

FRANKFURT/DUESSELDORF, July 2 Activist shareholder Elliott called on GEA Group to appoint a new chief executive quickly, replace Chairman Helmut Perlet and buy back shares, adding to pressure for speedy and sweeping changes at the German food processing company.