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GEA Group AG (G1AG.DE)

G1AG.DE on Xetra

25.88EUR
18 Apr 2019
Change (% chg)

€0.15 (+0.58%)
Prev Close
€25.73
Open
€25.68
Day's High
€26.09
Day's Low
€25.40
Volume
418,685
Avg. Vol
522,176
52-wk High
€34.80
52-wk Low
€19.09

Latest Key Developments (Source: Significant Developments)

GEA CEO Says We Have Stopped Acquisitions
Thursday, 14 Mar 2019 

March 14 (Reuters) - GEA Group AG ::CEO SAYS HAVE STOPPED ACQUISITIONS.CEO SAYS WE WILL EVALUATE CORE BUSINESS.CEO SAYS WE WILL EVALUATE HOW MANY PLANTS WE NEED AND POSSIBLY MOVE CLOSER TO OUR MARKETS.  Full Article

GEA Group Sees 2019 Revenues Moderately Below Previous Year's Level
Thursday, 14 Mar 2019 

March 14 (Reuters) - GEA Group AG ::FY REVENUE ROSE 4.9 PERCENT TO 4.828 BILLION EUR.TOTAL DIVIDEND 0.85 EURPER SHARE.DGAP-NEWS: GEA GROUP AKTIENGESELLSCHAFT: GEA PRESENTS 2018 RESULTS AND SET OF MEASURES TO SUSTAINABLY STRENGTHEN PROFITABILITY.NEW ORGANIZATIONAL STRUCTURE FOR CLEAR RESPONSIBILITIES AND INCREASED FINANCIAL TRANSPARENCY.PERSONNEL CHANGE IN EXECUTIVE BOARD.NEW CFO MARCUS A. KETTER WILL JOIN COMPANY ON MAY 20.SATISFYING REVENUE GROWTH IN 2018 AND CONSTANT DIVIDEND.ORDER INTAKE ROSE BY 3.5 PERCENT TO EUR 4,917.7 MILLION, BUT SLOWED DOWN, IN PARTICULAR, TOWARD END OF YEAR.REVENUES GREW BY 4.9 PERCENT TO EUR 4,828.2 MILLION.AT EUR 518.2 MILLION, OPERATING EBITDA WAS DOWN 8.0 PERCENT ON PREVIOUS YEAR, YIELDING AN OPERATING EBITDA MARGIN OF 10.7 PERCENT.PRICE PRESSURE, PRODUCT MIX AND DETRIMENTAL EXCHANGE RATES WERE EVIDENT.FOR FISCAL YEAR 2019, GEA IS EXPECTING ITS REVENUE MODERATELY BELOW PREVIOUS YEAR'S LEVEL.SEES AN EBITDA BEFORE RESTRUCTURING MEASURES BETWEEN EUR 450 AND 490 MILLION AND A ROCE BETWEEN 8.5 TO 10.5 PERCENT IN 2019.GEA'S SUPERVISORY BOARD AND NIELS ERIK OLSEN, EXECUTIVE BOARD MEMBER UP TO NOW RESPONSIBLE FOR BUSINESS AREA SOLUTIONS, REACHED A MUTUAL AGREEMENT CONCERNING HIS IMMEDIATE DEPARTURE FROM COMPANY.STEFAN KLEBERT WILL TAKE ON RESPONSIBILITY FOR BUSINESS AREA SOLUTIONS IN ADDITION TO HIS DUTIES AS CEO.AS NO SUCCESSOR WILL BE NOMINATED FOR OLSEN'S POSITION, EXECUTIVE BOARD WILL BE STREAMLINED FROM FIVE MEMBERS TO FOUR.  Full Article

GEA Group: Marcus A. Ketter Appointed New CFO
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - GEA GROUP AG ::MARCUS A. KETTER APPOINTED NEW CHIEF FINANCIAL OFFICER OF GEA.MARCUS A. KETTER FROM KLÖCKNER & CO SE TO TAKE OVER AS CFO ON MAY 20, 2019.HELMUT SCHMALE SET TO LEAVE COMPANY AS OF MAY 17, 2019.  Full Article

GEA Group Aktiengesellschaft: Change In GEA Supervisory Board
Friday, 16 Nov 2018 

Nov 16 (Reuters) - GEA Group AG ::DGAP-NEWS: GEA GROUP AKTIENGESELLSCHAFT: CHANGE IN GEA SUPERVISORY BOARD.COLIN HALL APPOINTED TO SUPERVISORY BOARD BY ORDER OF DÜSSELDORF LOCAL COURT.COLIN HALL SUCCEEDS WERNER J. BAUER, WHO RESIGNED FOR PERSONAL REASONS AS OF NOVEMBER 12, 2018.PLANNED THAT COLIN HALL WILL STAND AS A CANDIDATE FOR ELECTION BY SHAREHOLDERS IN APRIL 2019.  Full Article

GEA Group Adjusts Outlook For 2018 Fiscal Year
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - GEA Group AG ::DGAP-ADHOC: GEA GROUP AKTIENGESELLSCHAFT: GEA ADJUSTS OUTLOOK FOR THE 2018 FISCAL YEAR.COMPARED WITH SAME PERIOD LAST YEAR, POSITIVE TREND IN ORDER INTAKE, REVENUE AND EARNINGS HAS PERSISTED THROUGHOUT Q3 OF 2018.SEES FY REVENUE GROWTH OF APPROX. 7.5 PERCENT.SEES FY OPERATING EBITDA MARGIN OF APPROX. 11.1 PERCENT.SEES FY OPERATING CASH FLOW DRIVER** MARGIN OF APPROX. 8.5 PERCENT.FOR 2018 FISCAL YEAR, EXECUTIVE BOARD CURRENTLY EXPECTS REVENUE OF APPROX. EUR 4,800 MILLION.FOR 2018 FISCAL YEAR, EXECUTIVE BOARD CURRENTLY EXPECTS OPERATING EBITDA OF APPROX. EUR 540 MILLION.  Full Article

GEA Group Appoints New CEO
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - GEA Group AG ::GEA GROUP AKTIENGESELLSCHAFT: GEA APPOINTS NEW CEO.SUPERVISORY BOARD OF GEA GROUP AKTIENGESELLSCHAFT HAS APPOINTED STEFAN KLEBERT (53) TO COMPANY'S EXECUTIVE BOARD WITH EFFECT FROM NOVEMBER 15, 2018.SUPERVISORY BOARD OF GEA GROUP HAS APPOINTED STEFAN KLEBERT TO BE EXECUTIVE BOARD WITH FROM NOVEMBER 15, 2018.ON FEBRUARY 18, 2019, KLEBERT WILL SUCCEED JÜRG OLEAS, WHO IS GOING TO LEAVE COMPANY AFTER COMPLETION OF FISCAL YEAR AND AFTER HANDING OVER REINS IN FEBRUARY 2019.WILL SUCCEED LONG-SERVING CEO, JÜRG OLEAS, WHO IS GOING TO LEAVE COMPANY.  Full Article

GEA sees operating 2018 EBITDA Margin at lower end of corridor
Monday, 30 Jul 2018 

July 30 (Reuters) - GEA Group AG ::DGAP-NEWS: GEA GROUP AKTIENGESELLSCHAFT: GEA PUBLISHES FIGURES FOR THE SECOND QUARTER.Q2 REVENUE ROSE 7.8 PERCENT TO 1.227 BILLION EUR.ORDER INTAKE: EUR 1,383 MILLION; 11.4% ABOVE PREVIOUS YEAR.REVENUE: EUR 1,227 MILLION; 7.8% ABOVE PREVIOUS YEAR.OPERATING EBITDA: EUR 133 MILLION; 8.6% ABOVE PREVIOUS YEAR.OPERATING EBITDA MARGIN Q2 2018: 10.8% (SAME AS PREVIOUS YEAR).CLARIFIED OUTLOOK FOR 2018: REVENUE LIKELY TO BE AT UPPER END;.OPERATING EBITDA MARGIN AND, THUS, OPERATING CASH FLOW DRIVER MARGIN.OPERATING EBITDA MARGIN AND, THUS, OPERATING CASH FLOW DRIVER MARGIN AT LOWER END OF PUBLISHED CORRIDOR.DUE TO AN INCREASE IN REVENUE AND ONGOING COST DISCIPLINE, AMONG OTHER FACTORS, OPERATING EBITDA WAS SLIGHTLY ABOVE PREVIOUS YEAR'S LEVEL.GEA WAS NOT ABLE TO MAKE UP SHORTFALL FROM Q1.NEGATIVE EFFECTS OF A STRONG EURO, INCREASES IN MATERIAL COSTS AND RESULTING PRESSURE ON MARGINS MEANS THAT HITTING OUR MARGIN TARGETS WILL REMAIN A BIG CHALLENGE.REVENUE GROWTH FOR WHOLE OF 2018 WILL LIKELY LAND AT UPPER END OF PUBLISHED CORRIDOR.FOR OPERATING EBITDA MARGIN, OPERATING CASH FLOW DRIVER MARGIN, NOW EXPECT 2018 YEAR AT LOWER END OF FORECASTED CORRIDOR.  Full Article

GEA Group Receives Binding Offer From Altifort To Acquire Site In France
Wednesday, 13 Jun 2018 

June 13 (Reuters) - GEA Group AG ::GEA HAS RECEIVED A BINDING OFFER FROM ALTIFORT TO ACQUIRE ITS PRODUCTION SITE IN CHÂTEAU-THIERRY.NO COMPULSORY REDUNDANCIES PLANNED FOR ACQUIRED ACTIVITY.PARTIES HAVE AGREED NOT TO DISCLOSE ANY FINANCIAL DETAILS OF TRANSACTION.PARTIES CONTEMPLATE TO IMPLEMENT TRANSACTION IN Q3 OF 2018.  Full Article

GEA Group Announces Mid-Term Growth Targets And Confirms Dividend Policy
Monday, 12 Mar 2018 

March 12 (Reuters) - GEA GROUP AG ::GEA GROUP AKTIENGESELLSCHAFT: CAPITAL MARKETS DAY 2018 - GEA ANNOUNCES MID-TERM GROWTH TARGETS AND CONFIRMS DIVIDEND POLICY.FROM 2018 TO 2022, COMPANY EXPECTS REVENUES TO RISE BY A COMPOUND ANNUAL GROWTH RATE OF 3.5 PERCENT TO 4.5 PERCENT.OPERATING EBITDA MARGIN SHOULD INCREASE TO BETWEEN 13.5 PERCENT AND 15.5 PERCENT UNTIL 2022.CONFIRMS ITS GENERAL DIVIDEND POLICY FOR YEARS AHEAD WITH A PAYOUT RATIO OF AT LEAST 40 PERCENT TO 50 PERCENT.PLANNING IGNORES POTENTIAL CURRENCY EFFECTS AND HENCE ASSUMES AVERAGE 2017 EXCHANGE RATES.ASSUMES THAT THERE WILL BE NO SIGNIFICANT DECLINE IN DEMAND IN ANY OF ITS RELEVANT CUSTOMER INDUSTRIES.  Full Article

GEA Group GEA Aims To Grow Revenue By Between 5 And 6 Pct In 2018​
Monday, 12 Mar 2018 

March 12 (Reuters) - Gea Group AG ::‍GROUP'S ORDER INTAKE FOR WHOLE OF 2017 AMOUNTED TO EUR 4,751 MILLION, WHICH IS 1.7 PERCENT ABOVE PREVIOUS YEAR'S LEVEL​.‍REVENUE IN 2017 (EUR 4,605 MILLION) WAS A MODERATE 2.5 PERCENT ABOVE FIGURE FOR PREVIOUS YEAR​.‍FOOD SECTOR SHOWED PARTICULARLY POSITIVE DEVELOPMENT WITH AROUND 12 PERCENT GROWTH​.‍GROUP'S OPERATING EBITDA AMOUNTED TO EUR 564 MILLION​.‍COMPANY POSTED A RATIO TO REVENUE OF 8.4 PERCENT LAST YEAR​.‍SUPERVISORY BOARD WILL SUGGEST THAT ANNUAL GENERAL MEETING ON APRIL 19, 2018 RESOLVE TO DISTRIBUTE AN INCREASED DIVIDEND OF EUR 0.85 PER SHARE​.‍FOR 2018 FISCAL YEAR, GEA AIMS TO GROW REVENUE BY BETWEEN 5 AND 6 PERCENT​.‍OPERATING EBITDA MARGIN IN 2018 WILL PROBABLY BE BETWEEN 12.0 AND 13.0 PERCENT OF REVENUE IN CURRENT BUSINESS YEAR​.  Full Article

UPDATE 1-German stocks - Factors to watch on April 1

BERLIN/FRANKFURT, April 1 The following are some of the factors that may move German stocks on Monday: