GEA Group Aktiengesellschaft: GEA publishes figures for the second quarter

GEA publishes figures for the second quarter

• 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 the upper end; operating EBITDA margin and, thus, operating cash flow driver margin at the lower end of the published corridor

Düsseldorf (Germany), July 30, 2018 - In the second quarter of 2018, GEA topped the previous year's figure for order intake, setting a new quarterly record. Second-quarter revenue was above the level of the previous year. Operating EBITDA in the second quarter was slightly above the figure for the same quarter of the previous year. The corresponding margin remained on a par with the previous year.

"Demand for our products and applications hit record levels in the second quarter of the year thanks to our innovative capabilities and leading technologies. Whereas negative currency effects produced a headwind, our latest acquisitions had a positive impact. Revenue was in line with expectations. Due to an increase in revenue and ongoing cost discipline, among other factors, operating EBITDA was slightly above the previous year's level. However, GEA was not able to make up the shortfall from the first quarter. The negative effects of a strong euro, increases in material costs and the resulting pressure on margins means that hitting our margin targets will remain a big challenge," said Jürg Oleas, CEO of GEA. "Judging by the key indicators for the first half of the year, we assume that revenue growth for the whole of 2018 will likely land at the upper end of the published corridor. However, in terms of the figures for the operating EBITDA margin and, thus, the operating cash flow driver margin, we now expect to close the financial year at the lower end of the forecasted corridor."

IFRS key figures¹ of GEA

Corporate Media and Press:
Marc Pönitz
Peter-Müller-Str. 12, 40468 Düsseldorf, Germany
Phone +49 211 9136-1500
marc.poenitz@gea.com

About GEA
GEA is one of the largest suppliers for the food processing industry and a wide range of other industries that generated consolidated revenues of approximately EUR 4.6 billion in 2017. The international technology group focuses on process technology, components and sustainable energy solutions for sophisticated production processes in various end-user markets. The group generates around 70 percent of its revenue in the food and beverages sector that enjoys long-term sustainable growth. As of December 31, 2017, the company employed about 18,000 people worldwide. GEA is a market and technology leader in its business areas. The company is listed on the German MDAX (G1A, WKN 660 200). In addition, GEA's stock is included in the MSCI Global Sustainability Indexes. Further information is available on the Internet at gea.com.

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