'As to year-on-year comparisons of the first quarter's order intake, one needs to take into account that this year saw over EUR 80 million less in large orders than prior year. Nonetheless, we were able to nearly match last year's order volume thanks to the solid growth in our base business with small and medium-sized orders', explained Jürg Oleas, GEA's CEO. 'The macroeconomic uncertainty is likely to intensify over the course of the year. How our individual markets will develop respectively has become even more difficult to forecast from current perspective. It will depend in particular on the development of the second quarter in which area of our guided target range we will come out by the end of the year.'

The Company's first quarter results for 2017 with detailed figures and explanations will be released on GEA's website on May 9, 2017.

GEA Group AG published this content on 20 April 2017 and is solely responsible for the information contained herein.
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