GEA Group Says EBITDA Before Restructuring Down 2.8 Pct In Q1 [Reuters]
GEA GROUP AG SP ADR (GEAGY)
NASDAQ:AMEX Investor Relations:
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Source: Reuters
GEA Group AG (GEAGY.PK) Key Developments | Reuters.com May 10 (Reuters) - GEA Group AG ::DGAP-NEWS: GEA GROUP AKTIENGESELLSCHAFT: GEA CONFIRMS GUIDANCE FOR 2019 AND INTRODUCES MEASURES TO IMPROVE EARNINGS IN BUSINESS AREA SOLUTIONS.ORDER INTAKE 7.6 % ABOVE PREVIOUS YEAR.REVENUE 1.7 % ABOVE PREVIOUS YEAR.A DECLINE IN GROSS MARGIN, HIGHER SELLING EXPENSES, AND RISK PROVISIONING ADVERSELY AFFECTED RESULT OF BUSINESS AREA SOLUTIONS.AT EUR 74.6 MILLION, GROUP EBITDA BEFORE RESTRUCTURING MEASURES WAS AROUND EUR 2.8 PERCENT BELOW FIGURE - ADJUSTED FOR IFRS 16 - FOR SAME QUARTER OF PREVIOUS YEAR.RETURN ON CAPITAL EMPLOYED (ROCE) WAS 12 PERCENT IN Q1.GEA REVISED ITS MANAGEMENT SYSTEM FOR CURRENT FISCAL YEAR. Reuters, the news and media division of Thomson Reuters , is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters deskt
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