GEA Group Aktiengesellschaft: GEA's second profit warning in less than a year is credit negative but does not affect its Baa2 rating
CORPORATES ISSUER COMMENT 19 July 2017 RATINGS GEA Group Aktiengesellschaft Long term issuer rating Baa2 Outlook stable Contacts Oliver Giani 49-69-70730-722 VP-Senior Analyst [email protected] Anke Rindermann 49-69-70730-788 Associate Managing Director [email protected] Perrine Bajolle 49-69-70730-902 Associate Analyst [email protected] GEA Group Aktiengesellschaft GEAGEA Group focuses on the development and production of process technology and components for production methods. Co. segments include: GEA Food Solutions, which manufactures machinery for preparing, marinating, processing, cutting, and packaging meat, poultry, and other foods; GEA Farm Technologies, which manufacturers product solutions for milk production and livestock farming; GEA Mechanical Equipment, which concentrates in separators, decanters, valves, pumps, and homogenizers; GEA Process Engineering, which designs and develops of process solutions for the pharmaceutical, and chemical industries; and GEA Refrigeration Technologies, which concentrates in refrigeration technology.
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