GEA raises revenue expectations for fiscal 2014
To accompany an investor conference in New York, Düsseldorf-based engineering company GEA announced that organic revenue growth in fiscal 2014 is now expected to amount to approximately 5 percent. It thus lies within the expected long-term growth corridor for organic revenue of 4 to 6 percent. Prior to this, the Group had only been expecting moderate organic revenue growth for 2014.
As a result of the stable order intake in the second half of the year compared with the prior-year period, the preliminary order intake for the past fiscal year amounts to EUR 4.5 billion. It should be emphasized that, despite the increasingly tense global economic situation, GEA remained committed to its policy of consciously selecting orders on the basis of their price quality and contract terms.
GEA will issue preliminary key figures for fiscal 2014 and the outlook for 2015 on February 4, 2015. The audited annual report will be published on March 9, 2015.
About GEA Group
GEA Group Aktiengesellschaft is one of the largest suppliers for the food processing industry and a wide range of process industries that generated consolidated sales of approximately 4.3 billion euros in 2013. As an international technology group, the Company focuses on process technology and components for sophisticated production processes in various end-user markets. The Group generates more than 70 percent of its revenue in the sustainably growing food industry. As of September 30, 2014, the Group employed more than 18,000 people worldwide. GEA Group is a market and technology leader in its business areas. The Company is listed in Germany’s MDAX stock index (G1A, WKN 660 200). In addition, GEA is a constituent of one of the MSCI Global Sustainability Indices. Further information is available on the Internet at www.gea.com.
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