GEA Raises FY14 Revenue Forecast
GEA (dpa-AFX) - GEA Group AG (GEAGF.PK, GEAGY.PK), a system provider for food and energy processes, said it now expects fiscal 2014 organic revenue growth to total around 5 percent. Therefore, it lies within the anticipated long-term growth corridor for organic revenue of 4 to 6 percent. Earlier to this, the Group had only been expecting moderate organic revenue growth for 2014.
Owing to the stable order intake in the second half of the year compared with last year, the preliminary order intake for the past fiscal year amounts to 4.5 billion euros. It should be emphasized that, despite the increasingly tense global economic situation, GEA remained committed to its policy of consciously selecting orders on the basis of their price quality and contract terms.
GEA would announce preliminary key figures for fiscal 2014 and the outlook for 2015 on February 4, 2015. (dpa)
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