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Europe: GEA reports Q1 order intake of €1.144M


GEA Group Aktiengesellschaft reported order intake of €1,144 million (US$1,292.24 million) for the first quarter of 2016, an increase of 1.5% from the same period last year.

There were currency translation effects of €26 million adversely impacting on order intake.

The first quarter saw several larger orders, in particular for the application area dairy processing, but also for food.

“Thanks to our strong position in the market, we have managed to win new orders in the dairy processing segment,” said Jürg Oleas, chairman of GEA’s Executive Board.

“Nonetheless, in the light of the critical situation of the dairy farmers that continues to persist, we are faced with a difficult market environment in the area of conventional milking technology as well as in the oil and gas industry.”