GEA Group AG reported earnings results for the third quarter of 2009. The company reported a net profit of EUR 34.8 million (USD 51.25 million) for the third quarter of 2009, compared with a net loss of EUR 44.4 million a year earlier. Revenue shrank 19.5% year-on-year to EUR 1.06 billion. The company provided earnings guidance for the full year of 2009. In 2009, the company expects a revenue decline by some 15% and a margin on earnings before interest and tax (EBIT) of around 7%.

GEA Group AG, Q3 2009 Earnings Call, Oct-29-2009

GEA Group AG has won orders worth EUR 40 million ($59 million) to supply equipment for two power plants in Romania and Russia. In Romania, GEA will deliver a new high concentration ash slurry system for Turceni coal fired power plant. The ash slurry system is part of an initiative to extend the plant's service life as well achieve its environmental compliance. This is the sixth order in a row for high concentration ash slurry systems in Romania received by GEA. The Turceni power plant is one of Romania's largest electricity producers, with 7 identical groups of 330 MW each, totalling an installed capacity of 2,310 MW.