GEA Group (GEAGY.PK, GEAGF.PK) reported that its fiscal 2012 profit before tax decreased 7.9 percent from last fiscal year to 366.9 millon euros. Operating EBIT, meaning EBIT before the effect of purchase price allocation and one-offs in the GEA Food Solutions Segment, increased by around 7.1 percent to 562 million euros. EBIT decreased 4.2 percent from last year.
Group revenue for the full year rose by 5.6 percent to 5.72 billion euros. Order intake increased by 5.2 percent in fiscal year 2012 to 5.90 billion euros.
For the current 2013 fiscal year, GEA believes that demand in its sales markets will match the high levels seen in 2012. Assuming that there is no downturn in global economic growth, the group is expecting moderate revenue growth in the current fiscal year. The company targets 2013 EBITDA of around 700 million euros.
The Group has resolved to distribute a bonus of approximately 5 million euros to non-executive employees in recognition of their work. The Group's Executive Board and Supervisory Board will propose an unchanged dividend of 0.55 euros to the Annual General Meeting for the increased number of shares, which now total 192.5 million.
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