GEA has given a first guidance for Q2 which shows falling revenue and profit numbers compared to Q2 16. Management blames the poor performance of Solutions for this and, in particular, one contract for bottling lines for which deliveries have meanwhile been discontinued. As a result, management has reduced its full-year guidance for, what it calls an ‘operating EBITDA’, from €620-670m to €600-640m. These numbers compare with €566m GEA had shown for 2016. However, th
17 Jul 2017
Q2 profit lower than a year ago
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Q2 profit lower than a year ago
GEA Group Aktiengesellschaft (G1A:WBO) | 0 0 0.5% | Mkt Cap: 7,394m
- Published:
17 Jul 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
GEA has given a first guidance for Q2 which shows falling revenue and profit numbers compared to Q2 16. Management blames the poor performance of Solutions for this and, in particular, one contract for bottling lines for which deliveries have meanwhile been discontinued. As a result, management has reduced its full-year guidance for, what it calls an ‘operating EBITDA’, from €620-670m to €600-640m. These numbers compare with €566m GEA had shown for 2016. However, th