date:May 11, 2012
ting EBIT.
GEA cited weak order execution and quality issues leading to cost overruns as well as the need to outsource materials following a planned plant closure. This had triggered to supply-chain problems, the hampering of shipments and necessity forexpensive work-arounds,said the firm.
A further issue was idle capacity at one plant - although the spokeswoman said the facility was a relatively minor one with annual revenues reaching 10m.
We beleive these are one-off costs and will not ro