GEA Group (GEAGF.PK,GEAGY.PK) reported that its first-quarter profit before tax increased to 52.7 million euros from 15.8 million euros last year. Profit for the period was 40.8 million euros or 0.21 euros per share, compared to 12.1 million euros or 0.07 euros per share prior year.
Revenue was 1.23 billion euros, compared to 1.26 billion euros last year. The main reasons for the revenue decrease are the reduced willingness of the power plant industry to invest, which has been reflected in order intake for several quarters now, and the resulting absence of large orders, the Group said.
GEA received orders worth 1.45 billion euros in the quarter, compared to 1.55 billion euros last year. Order intake in the prior-year period was significantly influenced by an exceptional large order worth more than 70 million euros in the food and beverage end market. Adjusted for this large order, organic order intake declined by around 1.0 percent year-on-year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.