Thanks to robust growth in small and mid-sized orders, GEA's order intake in the first quarter of 2018 almost matched the level of the previous year. Although no orders were posted with a volume in excess of EUR 15 million, order intake amounted to EUR 1,103 million. In the same period GEA increased its revenue to EUR 1,039 million. Organic growth, adjusted for exchange rate and acquisition effects, stood at 4.5 percent. While the Business Area Equipment even recorded double-digit organic growth, the figure for the Business Area Solutions remained at the previous year's level. Operating EBITDA declined to almost EUR 67 million.

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GEA Group AG published this content on 04 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 May 2018 05:36:07 UTC