DGAP-Adhoc: GEA Group Aktiengesellschaft: GEA Optimizes Group Structure

        Print
| Source: EQS Group AG
GEA Group Aktiengesellschaft  / Key word(s): Strategic Company Decision

20.08.2014 21:46

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

GEA Optimizes Group Structure

Düsseldorf, August 20, 2014 - Within the scope of its "Fit for 2020"
initiative, the Executive Board of GEA Group Aktiengesellschaft resolved to
introduce a new group structure. In the course of 2015, the operational
activities of GEA will be bundled into two new Business Areas, "Equipment"
and "Solutions" and reported accordingly. The customer-oriented Sales and
Service activities are to be combined on a local level into one
organization per country. In addition, administrative functions will be
streamlined, stronger standardized and managed considerably more centrally
in the future.

The efficiency-optimized structures of the operational business and
administrative activities are expected to yield substantial savings. The
target is to achieve annual savings of at least EUR 100 million by the end
of 2017. According to first estimates, the cash-relevant non-recurring
expenditures until then are likely to add up to approximately the amount of
the aforementioned annual savings.

Next, further details of the new organization will be defined in a
blueprint detailing phase up to the end of the year. According to schedule,
the first implementation measures will be launched in the 2015 fiscal year.


Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
www.gea.com


20.08.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      GEA Group Aktiengesellschaft
              Peter-Müller-Straße 12
              40468 Düsseldorf
              Germany
Phone:        +49 (0)211 9136-0
Fax:          +49 (0)211 9136-31087
E-mail:       ir@gea.com
Internet:     www.gea.com
ISIN:         DE0006602006
WKN:          660200
Indices:      MDAX
Listed:       Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
              Standard), Hamburg, München; Freiverkehr in Hannover,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------