GEA reports record order intake

12-Jan-2016 - Last updated on 12-Jan-2016 at 13:50 GMT

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GEA reports an order intake record for the last quarter of 2015

At an investor conference in New York, GEA announced an order intake for the fourth quarter of 2015 of at least $1.35m (€1.24m), narrowly beating the old record of Q2 2013, when orders reached $1.3m (€1.22m). This represents an increase of more than 7.1% compared to the previous year’s fourth quarter.

Larger orders from a broad range of customer industries contributed to this record.

GEA says that this is evidence of the company’s resilience to adverse commodity prices, such as a still depressed milk price.

“The achievement of this order intake is the result of an extraordinary effort of GEA’s employees across all levels and functions in the new OneGEA organization and highlights that customers seek and trust in GEA’s engineering products and solutions more than ever,” said Jürg Oleas, CEO of GEA.

GEA will issue preliminary figures for 2015 and the outlook for 2016 on February 4, with an audited annual report to follow on March 10.