GEA's Order Book and 2017 Outlook Do Not Validate the Market's Bearishness; Shares Undervalued
After an earlier profit warning regarding 2016 results due to customer order delays, which brought shares down 22% in a single day, GEA ended 2016 with signs of modest growth prospects for 2017 and likely margin improvement. Although there was some weakness in a couple of areas in its order book towards the end of 2016, we remain sceptical regarding the market’s fears of a significant cyclical downturn in demand for dairy and food-processing equipment. The company also announced a buyback for ar...GEA 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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