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GEA Group AG (G1AG.DE)

G1AG.DE on Xetra

39.88EUR
24 Nov 2017
Change (% chg)

€-0.28 (-0.71%)
Prev Close
€40.17
Open
€40.25
Day's High
€40.25
Day's Low
€39.74
Volume
394,552
Avg. Vol
577,577
52-wk High
€42.88
52-wk Low
€33.30

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Fri, Nov 3 2017

UPDATE 2-GEA trims profit outlook, posts rise in dairy orders

* Elliott, GBL have each bought 3 percent of GEA in past months

Fund manager Elliott sees scope for cost cuts at GEA: source

FRANKFURT Activist investor Elliott sees scope for cost cuts at food processing machinery maker GEA and thinks its current restructuring plan is not good enough, a person close to the fund manager said on Wednesday.

UPDATE 1-Fund manager Elliott sees scope for cost cuts at GEA - source

* GEA shares rise 6.7 pct to highest since mid-April (Adds source and analyst quotes)

Elliott not pushing for GEA break-up, wants dialogue - source

FRANKFURT, Oct 11 Activist investor Elliott is not pushing for radical changes at GEA, a person close to the matter said after the fund took a 3.01 percent stake in the German food-processing machinery maker.

BRIEF-GEA Q3 revenue down by 18.6%

* Q3 REVENUE EUR 9.6 MILLION, DOWN 18.6% Source text: http://bit.ly/2wJ5Ii1 Further company coverage: (Gdynia Newsroom)

BRIEF-GEA H1 operating income down at 3.9 million euros

* H1 OPERATING INCOME EUR 3.9 MILLION VERSUS EUR 4.2 MILLION YEAR AGO

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