GEA sees encouraging results in China

In the second quarter of 2010, GEA Group Aktiengesellschaft's order intake increased by 12.7% year-on-year to EUR 1,167 million ($1,542.87 million) from the previous year of EUR 1,036 million.

At EUR 1,065 million, revenue in Q2 was up 13.5% on the first quarter of 2010, which is 3.5% below the prior-year quarter.

Revenue in the second half of the year is expected to exceed the figure for H2 2009.

"Demand for our beverage and food process technology in Asia, and in particular in China, is currently extremely encouraging," said CEO Jurg Oleas.

"At the beginning of July, we recorded another major order worth over EUR 30 million in the food segment from this region."

"Order intake is developing in line with our previously announced expectations."

"Provided that this positive trend is not slowed by fresh turbulence in the global economy, we should meet our 2010 revenue target of EUR 4.4 billion."