GEA Announces Figures for the First Quarter

18.05.2017

Thanks to robust growth in small and mid-sized orders, GEA s order intake in the first quarter of 2017 almost matched the level of the previous year.

Despite reticence on the part of customers to place major orders, the company secured order intake of EUR 1,136 million in the period under review. In terms of revenue, both Business Areas made significant gains, with overall group revenue increasing by 6.7 percent to EUR 1,004 million. The food and pharma applications and the regions of Western Europe, Middle East & Africa and Latin America were significant sources of momentum. Operating EBITDA rose to EUR 96 million, an increase of 2.7 percent compared with the same period in the previous year.

"The macroeconomic uncertainties are expected to intensify, so we ll have to see how GEA fares in the second quarter of 2017 before venturing a prediction as to where in our performance corridor we will close the year," said Jürg Oleas, CEO of GEA, in his assessment of the situation.

More articles on this topic

BPMA and AEMT Sign Mutual Co-operation Agreement

10.06.2021 -

In keeping with the ongoing commitment to serve the best interests of their respective members, as well as the wider industry sectors in which they operate, the British Pump Manufacturers’ Association (BPMA) and the Association of Electrical and Mechanical Trades (AEMT) are pleased to announce the recent signing of a Mutual Co-operation Agreement.

Read more

Armstrong Fluid Technology Receives Queen’s Award

05.05.2021 -

Armstrong Fluid Technology has been honored with a Queen’s Award for Enterprise for Sustainable Development. Announced worldwide on April 29, the award recognizes Armstrong’s leadership in sustainability, including improvements in daily operations, contributions to the sustainability of customers, and support for sustainability initiatives in local communities.

Read more
Directly to the product selection in

PumpSelector

LATEST NEWS

  • Advertisement
  • JOB MARKET