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Parker Hannifin Corporation reviewed progress being made under the new Win Strategy and provided an update to its five-year financial performance targets at an investor meeting in New York. The Win Strategy is the Parker business system and establishes goals for engaged people, premier customer experience, profitable growth and financial performance.

After World War II the U.S. led the way to world prosperity with the attitude that a rising tide lifts all boats. The better each country does, the bigger the potential market. Now the world is facing trade restrictions which are based on the opposite philosophy.

In the business year 2017, Vogelsang GmbH & Co. KG increased its sales by 14 percent to 105 m euros, thus continuing its trend of growth. “Over the course of the past year, we have set up additional production sites and subsidiaries in locations such as Russia, Brazil, Morocco, Dubai and Portugal, as well as expanding some of our existing sites.

In 2017, order intake grew by 2% organically and 12% including acquisitions. Sales increased by 5% on acquisitions but declined organically because of a low order backlog entering the year.

GF grew substantially in all regions in 2017 with China showing the highest rates of growth and overall sales reached CHF 4‘150 million, an 11% increase.

Transition delivers streamlined and strengthened portfolio and operations.

GEA Group Aktiengesellschaft completed its share buyback program in the amount of up to EUR 450 million within the envisaged timeframe.

Sales, results and headcount increase significantly in 2017.

Bob McIlvaine who founded the Mcilvaine Company in 1974 but prior to that headed an air pollution company describes these advantages.

GEA projects the following preliminary figures for the 2017 fiscal year (excluding effects from acquisitions made in 2017): At approximately EUR 4,750 million (previous year EUR 4,674 million), order intake is moderately above the prior-year level.