Nevertheless, earnings development, in particular in the customer industry Dairy Processing, falls short of the company's own expectations. In addition, growing economic imponderables, a rising number of trade constraints, and detrimental product mix effects are in the offing. As early as mid-October, GEA raised its revenue expectations for the 2018 financial year, while slightly reducing its forecasts for operating EBITDA margin and cash flow driver margin.

'Although demand for our innovative products and solutions continues to grow at a highly gratifying rate, we expect the fourth quarter of the year to be challenging,' said Jürg Oleas, CEO of GEA. 'For that reason, we are looking at a group revenue of approximately EUR 4.8 billion and an operating EBITDA of around EUR 540 million for 2018 as a whole, and this would correspond to a margin of around 11.3 percent.'

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GEA Group AG published this content on 29 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 October 2018 06:36:04 UTC