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GEA Group AG (G1AG.DE)

G1AG.DE on Xetra

26.16EUR
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Latest Key Developments (Source: Significant Developments)

GEA Announces Measures To Increase Earnings, Confirms Outlook
Thursday, 26 Sep 2019 

Sept 26 (Reuters) - GEA Group AG ::DGAP-NEWS: GEA GROUP AKTIENGESELLSCHAFT: CAPITAL MARKETS DAY 2019: GEA UNVEILS FURTHER MEASURES TO INCREASE EARNINGS AND FOCUSES ON GROWTH IN ALL DIVISIONS.GEA UNVEILS FURTHER MEASURES TO INCREASE EARNINGS AND FOCUSES ON GROWTH IN ALL DIVISIONS.MEDIUM-TERM TARGETS BY FY 2022: ANNUAL REVENUE GROWTH OF 2.0-3.0%, INCREASE OF EBITDA MARGIN BEFORE RESTRUCTURING EXPENSES TO 11.5-13.5%.IMPLEMENTATION OF NEW ORGANIZATIONAL STRUCTURE ON TRACK - LAUNCH ON 1.1.2020.REDUCTION OF AROUND 800 FTE GROUP-WIDE BY END OF 2020.DIVIDEND POLICY REITERATED - STABLE DIVIDEND PLANNED FOR 2019.CEO- OUR GROWTH PROSPECTS ARE INTACT, BUT WE ARE NOT SATISFIED WITH OUR CURRENT PROFITABILITY LEVEL.GEA'S NEW, MEDIUM-TERM TARGETS ARE AIMING FOR CAPITAL EXPENDITURE (CAPEX) IN RANGE OF 2.5 TO 3.5 PERCENT OF REVENUES FOR PERIOD 2020 TO 2022.PARTS OF GEA'S PRODUCTIVE CAPACITY ARE TO BE MOVED FROM WESTERN TO EASTERN EUROPE.BASED ON ITS BUSINESS PERFORMANCE TO DATE AND EXPECTATIONS FOR REMAINDER OF YEAR, GEA IS REITERATING ITS BUSINESS OUTLOOK FOR CURRENT FINANCIAL YEAR.  Full Article

GEA Group Appoints Marcus Ketter New CFO
Monday, 20 May 2019 

May 20 (Reuters) - GEA Group AG ::DGAP-NEWS: GEA GROUP AKTIENGESELLSCHAFT: MARCUS A. KETTER NEW CFO OF GEA.MARCUS KETTER HAS BEEN APPOINTED TO GEA EXECUTIVE BOARD UNTIL MAY 19, 2022.  Full Article

GEA To Supply Thomas Zement Turnkey Plant For Reduction Of Nox In Flue Gas
Friday, 12 Apr 2019 

April 12 (Reuters) - GEA Group AG ::GEA GROUP AG - GEA TO SUPPLY THOMAS ZEMENT TURNKEY PLANT FOR REDUCTION OF NOX IN FLUE GAS.ORDER COMPRISES TWO NEW REACTORS FOR SELECTIVE CATALYTIC REDUCTION (SCR) INCLUDING HANDLING OF THE FLUE GAS TRANSPORT BY INDUCED DRAFT (ID) FANS AND INTEGRATION INTO THE ERWITTE PRODUCTION SITE.CONTRACT ALSO INCLUDES ENGINEERING SERVICES AS WELL AS THE SUPPLY, INSTALLATION AND COMMISSIONING OF STEEL STRUCTURES, SCR CATALYSTS, ID FANS, HEATING CIRCUITS, DUCT CONNECTION AND ADAPTATION OF NH3 INJECTION FROM EXISTING STORAGE TANKS.PRODUCTION CAN CONTINUE DURING THE INSTALLATION OF THE SCR UNIT.  Full Article

GEA Group Signs Contract For Construction Of Olive Oil Mill In Saudi Arabia
Tuesday, 19 Mar 2019 

March 19 (Reuters) - GEA Group AG ::GEA SIGNS CONTRACT FOR THE CONSTRUCTION OF THE LARGEST OLIVE OIL MILL IN ASIA.GEA WAS COMMISSIONED BY THE NATIONAL AGRICULTURAL DEVELOPMENT COMPANY (NADEC) IN MARCH 2019 TO BUILD THE INDUSTRIAL EQUIPMENT FOR A LARGE OLIVE OIL MILL IN THE AL-JOUF REGION, SAUDI ARABIA.CONTRACT IS THE SECOND PHASE OF AN ONGOING PROJECT AND WILL EXTEND THE EXISTING OLIVE OIL FACTORY, WHICH WAS BUILT IN 2016.  Full Article

Stefan Klebert Becomes Chairman Of GEA Group's Executive Board
Monday, 18 Feb 2019 

Feb 18 (Reuters) - GEA Group AG ::DGAP-NEWS: GEA GROUP AKTIENGESELLSCHAFT: STEFAN KLEBERT ASSUMES THE POST OF CEO OF GEA TODAY.STEFAN KLEBERT'S APPOINTMENT TO GEA EXECUTIVE BOARD RUNS THROUGH DECEMBER 31, 2021.  Full Article

GEA says Mid-Term Guidance No Longer Valid, Publishes Prelim 2018 Results
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - GEA Group AG ::SAYS BASED ON PRELIMINARY FIGURES, EXPECTS FOR FINANCIAL YEAR 2018 AN ORDER INTAKE OF APPROXIMATELY EUR 4,920 MILLION (PREVIOUS YEAR: EUR 4,751 MILLION).SAYS SEES 2018 REVENUE OF ABOUT EUR 4,830 MILLION (PREVIOUS YEAR: EUR 4,605 MILLION).SAYS SEES OPERATING EBITDA OF APPROXIMATELY EUR 515 TO 520 MILLION (PREVIOUS YEAR: EUR 564 MILLION).SAYS EXPECTS FOR 2019 THAT REVENUES WILL BE MODERATELY LOWER THAN IN PREVIOUS YEAR AND THAT OPERATING EBITDA WILL DECLINE TO A RANGE FROM EUR 440 TO 480 MILLION..SAYS ASSESSMENT IS BASED ON FURTHER DETERIORATING MACROECONOMIC CONDITIONS ENTAILING INCREASED PRICE PRESSURE.SAYS OUTLOOK ALSO BASED ON RISING PERSONNEL AND IT INFRASTRUCTURE COSTS.SAYS PRELIMINARY 2018 RESULT BENEFITS FROM NON-RECURRING OTHER OPERATING INCOME IN ORDER OF SOME EUR 20 TO 25 MILLION..SAYS GEA CONSIDERS ITS MID-TERM GUIDANCE FROM MARCH 2018 NO LONGER VALID..  Full Article

GEA Group Receives Two Orders Worth Nearly EUR 4 Mln For Vacuum Systems
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - GEA GROUP AG ::HAS RECEIVED TWO ORDERS WORTH NEARLY EUR 4 MILLION FOR VACUUM SYSTEMS FOR A NEW “GRASSROOT” REFINERY IN OMAN.  Full Article

GEA Group Cuts 2018 Cash Flow Driver Margin Outlook
Friday, 23 Nov 2018 

Nov 23 (Reuters) - GEA Group AG ::DGAP-NEWS: GEA GROUP AKTIENGESELLSCHAFT: GEA HAS ADJUSTED ITS OUTLOOK FOR 2018 CASH FLOW DRIVER MARGIN AND ANTICIPATES SUBDUED DEVELOPMENT FOR 2019.SEES FY 2018 OPERATING CASH FLOW DRIVER MARGIN TO A CORRIDOR BETWEEN 6.5 AND 7.0 PERCENT (PREVIOUSLY: APPROX. 8.5 PERCENT).REGARDING REVENUE GROWTH AND OPERATING EBITDA MARGIN IN 2018 GEA REAFFIRMS ITS EXPECTATIONS FROM OCTOBER 10..  Full Article

GEA Group cuts outlook for operating cash flow driver margin
Friday, 23 Nov 2018 

Nov 22 (Reuters) - GEA Group AG ::DGAP-ADHOC: GEA GROUP AKTIENGESELLSCHAFT: GEA ADJUSTS OUTLOOK FOR OPERATING CASH FLOW DRIVER MARGIN FOR 2018.CUTS ITS OUTLOOK FOR OPERATING CASH FLOW DRIVER MARGIN FOR FY 2018 (BASED ON CONSTANT EXCHANGE RATES) TO A CORRIDOR OF 6.5 TO 7.0 PERCENT (PREVIOUSLY: APPROX. 8.5 PERCENT).SAYS THIS FORECAST CORRESPONDS TO A REPORTED (I.E. BASED ON CURRENT EXCHANGE RATES) OPERATING CASH FLOW DRIVER MARGIN OF 7.0 TO 7.5 PERCENT.SAYS REMAINING ELEMENTS OF OUTLOOK AND OTHER ASSUMPTIONS FOR 2018 FINANCIAL YEAR REMAIN UNCHANGED.SAYS GEA IS LESS CONFIDENT ABOUT DEVELOPMENT OF ITS BUSINESS IN 2019.SAYS DETERIORATING MACROECONOMIC ENVIRONMENT COMBINED WITH FURTHER INCREASES IN MATERIAL AND PERSONNEL COSTS WILL HAVE A NEGATIVE IMPACT..  Full Article

GEA Publishes Full Q3 Results
Monday, 29 Oct 2018 

Oct 29 (Reuters) - GEA Group AG ::DGAP-NEWS: GEA GROUP AKTIENGESELLSCHAFT: GEA PUBLISHES FIGURES FOR THE THIRD QUARTER.  Full Article