The group increased order inflow by 1.6% to €4.75bn and revenue by 2.0% to €4.58bn. While order inflow was slightly higher than we had anticipated (€4.67bn), sales were lower (€4.60bn). Management blames Q4 17 euro strength for this as it has lowered both numbers by a mid double-digit million euro number. Even worse, the full-year ‘adjusted’ EBITDA of €565m came in below the guidance given in July of last year. The range given then was between €573m a
23 Jan 2018
First 2017 indications: again GEA has not delivered
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
First 2017 indications: again GEA has not delivered
GEA Group Aktiengesellschaft (G1A:WBO) | 0 0 0.5% | Mkt Cap: 7,394m
- Published:
23 Jan 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group increased order inflow by 1.6% to €4.75bn and revenue by 2.0% to €4.58bn. While order inflow was slightly higher than we had anticipated (€4.67bn), sales were lower (€4.60bn). Management blames Q4 17 euro strength for this as it has lowered both numbers by a mid double-digit million euro number. Even worse, the full-year ‘adjusted’ EBITDA of €565m came in below the guidance given in July of last year. The range given then was between €573m a