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-StraÃe 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 ---------------------------------------------------------------------------
DGAP-Adhoc: GEA Group Aktiengesellschaft: GEA Optimizes Group Structure
| Source: EQS Group AG