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GEA Group AG (G1AG.DE)

G1AG.DE on Xetra

21.34EUR
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Latest Key Developments (Source: Significant Developments)

GEA Group Announces New Organizational Structure
Monday, 24 Jun 2019 

June 24 (Reuters) - GEA GROUP AG ::GEA'S NEW ORGANIZATION PAVES WAY FOR INCREASED PERFORMANCE.HAS OUTLINED ITS NEW ORGANIZATIONAL STRUCTURE, WHICH WILL BE IMPLEMENTED GRADUALLY FROM OCTOBER 1, 2019 ONWARDS AND BECOME EFFECTIVE JANUARY 1, 2020.GOING FORWARD, GEA WILL BE ORGANIZED IN FIVE DIVISIONS WITH EACH UP TO SIX SUB-DIVISIONS.EACH DIVISION WILL BE LED BY A MANAGER DIRECTLY RESPONSIBLE FOR PROFIT AND LOSS ACCOUNT (P&L).WILL CONTINUE BUNDLING ACTIVITIES IN COUNTRY ORGANIZATIONS.CENTRAL GROUP FUNCTIONS WILL BE FOCUSED ON AREAS FEATURING GREATEST POTENTIAL FOR SYNERGIES, IN PARTICULAR PROCUREMENT AND PRODUCTION.  Full Article

GEA Group Says EBITDA Before Restructuring Down 2.8 Pct In Q1
Friday, 10 May 2019 

May 10 (Reuters) - GEA Group AG ::DGAP-NEWS: GEA GROUP AKTIENGESELLSCHAFT: GEA CONFIRMS GUIDANCE FOR 2019 AND INTRODUCES MEASURES TO IMPROVE EARNINGS IN BUSINESS AREA SOLUTIONS.ORDER INTAKE 7.6 % ABOVE PREVIOUS YEAR.REVENUE 1.7 % ABOVE PREVIOUS YEAR.A DECLINE IN GROSS MARGIN, HIGHER SELLING EXPENSES, AND RISK PROVISIONING ADVERSELY AFFECTED RESULT OF BUSINESS AREA SOLUTIONS.AT EUR 74.6 MILLION, GROUP EBITDA BEFORE RESTRUCTURING MEASURES WAS AROUND EUR 2.8 PERCENT BELOW FIGURE - ADJUSTED FOR IFRS 16 - FOR SAME QUARTER OF PREVIOUS YEAR.RETURN ON CAPITAL EMPLOYED (ROCE) WAS 12 PERCENT IN Q1.GEA REVISED ITS MANAGEMENT SYSTEM FOR CURRENT FISCAL YEAR.  Full Article

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

UPDATE 1-Elliott outspends rivals as corporate activism turns to Germany

* Elsewhere in Europe, response to activism mixed (Adds Elliott quotes, background)