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GEA Group Q3 Profit From Cont. Ops. Rises - Quick Facts

GEA Group AG (GEAGF.PK,GEAGY.PK) reported that its third-quarter profit after tax from continuing operations increased to 61.9 million euros from 50.0 million euros, previous year. Earnings per share from continuing operations was 0.34 euros compared to 0.27 euros. Operating EBIT improved to 112.2 million euros from 99.0 million euros.

Third-quarter revenue increased 5.1% to 1.19 billion euros. Order intake was 1.20 billion euros compared to 1.06 billion euros, last year.

The Group said it is looking at a group revenue of approximately 4.8 billion euros, and an operating EBITDA of around 540 million euros for 2018 as a whole.

"Although demand for our innovative products and solutions continues to grow at a highly gratifying rate, we expect the fourth quarter of the year to be challenging," said Jürg Oleas, CEO of GEA.

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