The group’s order inflow and revenue numbers were up by 1.5% and 1.8% to €4.59bn and €4.60bn in 2015, respectively. While EBIT was down by 30% to €309m, pre-tax profit fell by 28% to €270m, whereas net earnings increased by 13% to €362m. The latter benefited from a profit of €98m from discontinued operations (€35m in 2014). While the group had released order inflow and revenue indications in early February, the profit numbers are clearly lower than wha

10 Mar 2016
Profits clearly lower than our expectations

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Profits clearly lower than our expectations
GEA Group Aktiengesellschaft (G1A:WBO) | 0 0 0.5% | Mkt Cap: 7,394m
- Published:
10 Mar 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2 -
The group’s order inflow and revenue numbers were up by 1.5% and 1.8% to €4.59bn and €4.60bn in 2015, respectively. While EBIT was down by 30% to €309m, pre-tax profit fell by 28% to €270m, whereas net earnings increased by 13% to €362m. The latter benefited from a profit of €98m from discontinued operations (€35m in 2014). While the group had released order inflow and revenue indications in early February, the profit numbers are clearly lower than wha