GEA outlines financial targets to 2020

“In view of minimum annual savings of €100 million from the forthcoming group restructuring process that are expected to materialize as of 2017, we have set ourselves new ambitious medium-term growth and earnings targets. These objectives underline our focus on GEA’s sustainable value enhancement,” said Jürg Oleas, CEO of GEA Group.

For the third quarter of 2014, GEA’s order intake of €1165 million was level with last year, while sales increased 5% to €1147 million.