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Food solution integration costs hit otherwise satisfactory GEA Q1 results
date:May 11, 2012
gration costs


The only downside to the robust results was 36m in non-recurring costs recorded against its recently acquired Food Solutions division as GEA integrated the business, bought at the end of 2010 from a private equity outfit, into its structure.


A company spokeswoman told FoodProductionDaily.com the majority of this amount was attributable to a change in the way its returns were recorded into GEAs account. However, the firm acknowledged that the unit had recorded a 9m loss in opera

12/19 04:36