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MarketScreener Homepage  >  Equities  >  Xetra  >  GEA Group    G1A   DE0006602006

GEA GROUP

(G1A)
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GEA : kicks off third quarter with several major orders

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08/12/2019 | 09:11am EDT

The second quarter of 2019 had seen several customers defer the placement of certain mid- and large-scale orders, which GEA had been expecting to arrive in June. According to initial estimates, these deferrals have already boosted the current quarter order intake by roughly EUR 50 million. GEA's Business Area Solutions has reported receiving three large-scale orders worth between about EUR 10 million and about EUR 30 million each - two in the field of dairy processing, and one pharmaceuticals order involving the regions of Latin America, Asia Pacific, and Europe. Meanwhile, the Business Area Equipment has already booked parts of a major order for separators. With the overall volume expected in the double-digit million euro range, this is an unusually large order for the separators business.

'We are particularly pleased that the Business Area Solutions, which recently fell short of expectations, again significantly improved its order intake in the dairy processing sector, among others,' said Stefan Klebert, CEO of GEA Group Aktiengesellschaft. 'Nevertheless, project business is set to remain volatile in light of the challenging macroeconomic situation. Customers continue to examine large investments very intensively, which may also lead to delays in larger orders in the future.'

Disclaimer

GEA Group AG published this content on 12 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2019 13:10:09 UTC

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Financials (EUR)
Sales 2019 4 795 M
EBIT 2019 303 M
Net income 2019 165 M
Debt 2019 278 M
Yield 2019 3,02%
P/E ratio 2019 26,8x
P/E ratio 2020 22,8x
EV / Sales2019 1,02x
EV / Sales2020 0,93x
Capitalization 4 592 M
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Mean consensus HOLD
Number of Analysts 24
Average target price 24,19  €
Last Close Price 25,28  €
Spread / Highest target 50,3%
Spread / Average Target -4,30%
Spread / Lowest Target -40,7%
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Managers
NameTitle
Stefan Klebert Chairman-Executive Board
Helmut Perlet Chairman-Supervisory Board
Marcus A. Ketter Chief Financial Officer
Farouq Ahmad Bastaki Member-Supervisory Board
Hartmut Eberlein Member-Supervisory Board
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