GEA Aktiengesellschaft : increases operating EBITDA margin to 12.6 percent

Düsseldorf (Germany), July 28, 2016 - In the second quarter of 2016, GEA posted organic growth in order intake of 7.3 percent, up to EUR 1,222 million. While the situation in dairy farming remained challenging, performance in that customer industry was more than compensated by, in some cases, double-digit growth in other industries, for example, in food, where GEA's new group structure is now bearing fruit. After a relatively subdued first quarter of 2016 - and despite a good prior-year quarter in 2015 - revenue in the second quarter was on a par with the previous year.

The figures for operating EBITDA and the corresponding margin represent all-time highs for GEA, both for a second quarter (EUR 145.2 million and 12.6 percent respectively) as well as for the first six months of a year (EUR 239.1 million and 11.4 percent respectively). Adjusted for strategy projects, the cash flow driver margin for the last 12 months amounted to 11.1 percent, compared with 10.5 percent for the prior-year period.

"Robust order intake coupled with very good order-backlog figures are an excellent basis for realising our full-year targets, which we can confirm," said Jürg Oleas, Chairman of the Executive Board of GEA in his appraisal of the present situation.

IFRS key figures of GEA

(EUR million)	Q2 2016	Q2 2015	Change in %	Q1-Q2 2016	Q1-Q2 2015	Change in %
Results of operations
Order intake	1,222.1	1,148.8	6.4	2,366.4	2,276.2	4.0
Revenue	1,156.9	1,150.1	0.6	2,098.1	2,156.5	-2.7
Operating EBITDA1	145.2	139.3	4.3	239.1	237.4	0.7
as % of revenue	12.6	12.1	-	11.4	11.0	-
Operating EBIT1	125.2	119.8	4.5	199.5	198.6	0.5
as % of revenue	10.8	10.4	-	9.5	9.2	-
EBIT	108.2	-20.9	-	167.2	46.6	> 100
Net assets
Working capital intensity in % (average of the last 12 months)	13.2	12.3	-	13.2	12.3	-
Net liquidity (+)/Net debt (-)	613.8	603.4	1.7	613.8	603.4	1.7
Financial position
Operating cash flow driver margin2	11.1	10.5	-	11.1	10.5	-
ROCE in % (goodwill adjusted)3	19.7	16.4	-	19.7	16.4	-
Full-time equivalents (reporting date)	17,153	17,975	-4.6	17,153	17,975	-4.6
GEA Shares
Earnings per share (EUR)	0.43	-0.11	-	0.61	0.10	> 100

1) Before effects of purchase price allocations and adjustments

2) Cash flow driver = operating EBITDA - capital expenditure - change in Working Capital (average of the last 12 months)

3) Capital employed excluding goodwill from the acquisition of the former GEA AG by former Metallgesellschaft AG in 1999 (average of the last 12 months)