GEA generated order inflow of €4.59bn in 2015 (+1.6%, €120m more than we had anticipated) and revenue of €4.60bn (+1.8%, exactly in-line with our projection). However, management gave an indication for ‘Operating EBITDA’ which is considerably different from EBITDA. This number apparently reached €621m, but the difference between these two EBITDA numbers was €171m in 9M 15. Assuming there was no further rise in Q4, EBITDA has come in at €450m, which is slightly lower than our anticipated €460m.
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04 Feb 2016
Sharply lower stated profits in 2015
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Sharply lower stated profits in 2015
GEA Group Aktiengesellschaft (G1A:WBO) | 0 0 0.5% | Mkt Cap: 7,394m
- Published:
04 Feb 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
GEA generated order inflow of €4.59bn in 2015 (+1.6%, €120m more than we had anticipated) and revenue of €4.60bn (+1.8%, exactly in-line with our projection). However, management gave an indication for ‘Operating EBITDA’ which is considerably different from EBITDA. This number apparently reached €621m, but the difference between these two EBITDA numbers was €171m in 9M 15. Assuming there was no further rise in Q4, EBITDA has come in at €450m, which is slightly lower than our anticipated €460m.
....