As a consequence of a continuously difficult situation for products for milk processors, management is reducing its 2018 guidance. Revenue growth is now expected to be in the vicinity of 4% instead of 5-6% and the EBITDA margin at around 11% instead of 12-13%. Management also argues that demand for new machinery (with relatively low margins) continues growing faster than service revenue (with higher profit margins).
11 Oct 2018
Profit warning from GEA
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Profit warning from GEA
GEA Group Aktiengesellschaft (G1A:WBO) | 0 0 0.5% | Mkt Cap: 7,394m
- Published:
11 Oct 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
As a consequence of a continuously difficult situation for products for milk processors, management is reducing its 2018 guidance. Revenue growth is now expected to be in the vicinity of 4% instead of 5-6% and the EBITDA margin at around 11% instead of 12-13%. Management also argues that demand for new machinery (with relatively low margins) continues growing faster than service revenue (with higher profit margins).