In a challenging environment, GEA again delivered a robust performance in the third quarter of 2023. EBITDA before restructuring expenses rose by 4.2 percent to EUR 207 million. The corresponding EBITDA margin improved by 0.6 percentage points to 15.3 percent. Return on capital employed (ROCE) climbed from 30.6 percent to 33.9 percent. Free cash flow increased significantly to EUR 187 million.

The Executive Board of GEA Group Aktiengesellschaft today approved the purchase by the company of treasury shares amounting to EUR 400 million (excluding ancillary acquisition costs) via the stock exchange in the period from November 2023 to early 2025, in accordance with the authorization granted by the Annual General Meeting on April 27, 2023.

The Supervisory Board of GEA Group Aktiengesellschaft has appointed Bernd Brinker (58) as interim Chief Financial Officer (CFO) with effect from October 16, 2023. For a period of one year, he will succeed Marcus A. Ketter, who passed away suddenly on August 6, 2023.