ACR-News

 

GEA increases operating margin to 10%

GEA has reported an order intake of over €1.4bn in the third quarter of 2011 – a 21.7% year-on-year growth.
Revenue increased by 24.2% to €1,397.4m. Operating profit, before purchase price allocation effects, grew again in the reporting period, rising 46.8% to €139.1m. The corresponding EBIT margin for the GEA Group increased by 153 basis points to 10%. Third-quarter earnings per share more than doubled, to €0.47 in 2011.

Jürg Oleas, ceo of GEA Group Aktiengesellschaft said: 'Predictions concerning the development of the global economy are more difficult than in the past, nevertheless we would like to confirm our outlook for fiscal year 2011 as we gave it in the second quarter. We expect for 2011 again that the fourth quarter will be GEA's strongest.'

Taking into account all acquisitions, GEA predicts an order intake in the range from €5.4m to €5.6m and revenue in the range from €5.1bn to €5.3bn. The group will announce its preliminary results for the year at a press conference on 6 February 2012.

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