GEA’s 9M sales and profit numbers clearly missed our expectations. The group shows 9M order inflow of €3.35bn (-0.5%) and revenue of €3.26bn (+1.5%). However, the Q3 numbers clearly show the deteriorating business environment (order inflow: -8.5% to €1.07bn; sales: -3.5% to €1.11bn). Pre-tax earnings reached €98m ytd, a fall of 54%. We had expected revenue of €3.35bn and pre-tax earnings of €137m.
28 Oct 2015
Economic downturn has started to hurt - our expectations were not reached
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Economic downturn has started to hurt - our expectations were not reached
GEA Group Aktiengesellschaft (G1A:WBO) | 0 0 0.5% | Mkt Cap: 7,394m
- Published:
28 Oct 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
GEA’s 9M sales and profit numbers clearly missed our expectations. The group shows 9M order inflow of €3.35bn (-0.5%) and revenue of €3.26bn (+1.5%). However, the Q3 numbers clearly show the deteriorating business environment (order inflow: -8.5% to €1.07bn; sales: -3.5% to €1.11bn). Pre-tax earnings reached €98m ytd, a fall of 54%. We had expected revenue of €3.35bn and pre-tax earnings of €137m.