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GEA engineering for a better world PRESS RELEASE GEA with strong start to the year • Order intake increased for third successive quarter ; at EUR 1.28 billion , 6.9 percent below record prior- year quarter ; organic decline of just 2.5 percent • Revenue down slightly by 2.6 percent to EUR 1.07 billion ; but organic growth of 2.2 percent ; share contributed by service business further increases to 35.2 percent ( previous year : 34.3 percent ) • EBITDA before restructuring expenses up 15.4 percent to EUR 121.2 million , margin increased by a significant 1.8 percentage points to 11.4 percent - Düsseldorf ( Germany ) , May 11 , 2021 – GEA made a good start to the 2021 fiscal year , again demonstrating the resilience of the group's business model to challenging market conditions and the ongoing effectiveness of its efficiency measures . Despite the sustained Covid - 19 pandemic and the high prior - year figures , the company saw slight organic revenue growth ( +2.2 percent ) , while EBITDA before restructuring expenses ( +15.4 percent ) and ROCE ( +7.0 percentage points ) again rose significantly . As a result , earnings per share before restructuring measures almost doubled to EUR 0.39 in the reporting period . In addition , GEA again substantially improved its cash flow , net working capital , and net liquidity . On the basis of this performance , GEA confirmed its full - year guidance for revenue , EBITDA before restructuring expenses , and ROCE . " Despite the still challenging market environment due to the pandemic , we performed very well in the first quarter , paving the way for a successful fiscal year 2021 , " said Stefan Klebert , CEO of GEA Group AG . " Positive sales developments in customer industries such as Dairy Processing , Food and Pharma more than offset the declining developments in other industries - adjusted for currency and acquisition effects . GEA is clearly benefiting from its diversified portfolio and its strong service business . " Following the record figure of the prior - year quarter – which was virtually untouched by the pandemic – order intake in the first quarter remained more or less stable , declining by 2.5 percent organically . However , developments were very mixed across our different regions and customer industries . At EUR 1,282 million ( previous year : EUR 1,377 million ) , reported order intake was 6.9 percent lower than the previous year's figure , but higher than the last three quarters . This is attributable in particular to negative exchange rate effects . In addition , the figure for the previous year still includes group companies that have since been sold . With regard to revenue , GEA recorded organic growth of 2.2 percent compared with the already high prior - year figure . However , due to negative currency effects and company disposals , the reported figure was 2.6 percent down on the previous year at EUR 1,065 million ( previous year : EUR 1,094 million ) . The share of revenue attributable to the important service business increased from 34.3 to 35.2 percent . GEA Group Aktiengesellschaft Phone +49 211 9136-1492 Fax +49 211 9136-3-1492 . gea.com Peter - Müller - Str . 12 , 40468 Düsseldorf , Germany Page 1 of 4