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    G1A   DE0006602006

GEA GROUP AG

(G1A)
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PRESS RELEASE : GEA Group Aktiengesellschaft: GEA to build world's first pilot plant for the production of krill protein

07/28/2021 | 04:01am EDT
DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Miscellaneous 
GEA Group Aktiengesellschaft: GEA to build world's first pilot plant for the production of krill protein 
2021-07-28 / 10:00 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
GEA to build world's first pilot plant for the production of krill protein 
Düsseldorf (Germany), July 28, 2021 - On behalf of Aker BioMarine, GEA is to design and deliver the world's first pilot 
plant for hydrolyzing krill protein. This represents an important step for GEA in the strategic growth area of New 
Food. The partners signed the engineering, procurement and construction contract valued in the double-digit million 
euro range in July 2021. The client is a biotechnology company based in Norway that fishes for Antarctic krill - tiny 
shrimp-like crustaceans - and uses them to develop ingredients for functional foods, aquaculture and animal feed. 
Slated to come online in late 2022, the new pilot plant will produce a highly concentrated protein isolate destined for 
food and beverages. The pilot plant now ordered is the next step in commercializing krill human protein powder. It will 
expand the current small-scale process to a scalable, industrial production level with a capacity of 120 tons per year. 
"Thanks to innovative companies such as Aker BioMarine, the topic of New Food is currently developing into an 
increasingly important future market, which is also of strategic importance for GEA. This is unlocking entirely new 
sources of human nutrition and health. We are pleased to join Aker BioMarine on their journey into researching and 
commercializing krill protein - and to do so in a way that is absolutely climate and environmentally friendly," says 
Ilija Aprcovic, CEO of the Liquid & Powder Technologies Division of GEA Group AG. 
As a pioneer in sustainable marine ingredients, Aker BioMarine believes it has a responsibility to improve human health 
through product innovation and sustainable harvesting technology without compromising the health of our planet and its 
marine ecosystems. To this end, the company intends to decarbonize both its krill fisheries and production. Aker 
BioMarine's decision to cooperate with GEA was motivated in part by the systems supplier's consistent pursuit of 
sustainability together with the reduced carbon footprint its process technology offers. GEA will engineer the pilot 
plant for krill protein with a view to sustainability. 
Media Relations: 
Marc Pönitz 
Peter-Müller-Strasse 12, 40468 Düsseldorf, Germany 
Phone +49 (0)211 9136-1500 
marc.poenitz@gea.com 
About GEA 
GEA is one of the world's largest systems suppliers for the food, beverage and pharmaceutical sectors. The 
international industrial technology group specializes in machinery and plants as well as advanced process technology, 
components and comprehensive services. With more than 18,000 employees, the group generated revenue of more than EUR 
4.6 billion in fiscal year 2020. A major focus is on continuously enhancing the sustainability and efficiency of 
customers' production processes. GEA plants, processes and components help achieve significant reductions in carbon 
emissions, plastic use and food waste in production worldwide. In this way, GEA makes a decisive contribution toward a 
sustainable future, fully in line with its corporate philosophy of "engineering for a better world." 
GEA is listed in the German MDAX and the STOXX^(R) Europe 600 Index, and is also among the companies comprising the DAX 
50 ESG and MSCI Global Sustainability Indices. 
More information can be found online at gea.com. 
 
Contact: 
GEA Group Aktiengesellschaft 
Phone +49 (0)211 9136 1081 
Fax +49 (0)211 9136 31087 
gea.com 
=---------------------------------------------------------------------------------------------------------------------- 
2021-07-28 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      GEA Group Aktiengesellschaft 
              Peter-Müller-Straße 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:       Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial 
              Market in Hanover, Stuttgart, Tradegate Exchange 
EQS News ID:  1222150 
 
End of News   DGAP News Service 
=------------ 

1222150 2021-07-28

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1222150&application_name=news 
 

(END) Dow Jones Newswires

July 28, 2021 04:00 ET (08:00 GMT)

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DAX -1.85% 15204.62 Delayed Quote.12.91%
GEA GROUP AG -1.30% 39.48 Delayed Quote.36.99%
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Financials
Sales 2021 4 767 M 5 584 M 5 584 M
Net income 2021 263 M 308 M 308 M
Net cash 2021 268 M 314 M 314 M
P/E ratio 2021 26,4x
Yield 2021 2,21%
Capitalization 7 213 M 8 466 M 8 449 M
EV / Sales 2021 1,46x
EV / Sales 2022 1,38x
Nbr of Employees 18 212
Free-Float 91,6%
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Number of Analysts 22
Last Close Price 40,11 €
Average target price 38,53 €
Spread / Average Target -3,95%
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Managers and Directors
Stefan Klebert Chairman-Executive Board
Marcus A. Ketter Chief Financial Officer
Klaus Helmrich Chairman-Supervisory Board
Johannes Giloth Chief Operating Officer
Morten Hugo Johansen Administration Director
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