Menu
  • 17Dec
    2020

    GEA announces nomination of Siemens Board Member Klaus Helmrich as Chairman of Supervisory Board

    The Supervisory Board of GEA Group Aktiengesellschaft set the course for an orderly membership transition in the Supervisory Board. Klaus Helmrich (62), currently a member of the Managing Board of Siemens AG and CEO Digital Industries until September 30, 2020, is to succeed Dr. Helmut Perlet as Chairman of the Supervisory Board. The corresponding resolution recommending the election of the candidate at the Annual General Meeting on April 30, 2021 was passed by the Supervisory Board at its meeting today.

  • 08Dec
    2020

    GEA awarded top rankings on CDP’s water management and climate benchmark lists

    CDP assessed GEA’s efforts in the “water” category for the first time, awarding it an excellent “A” score; GEA also maintained last year’s “A-” rating in the climate benchmark.

  • 05Nov
    2020

    GEA further improves EBITDA margin and slightly increases order intake compared to previous quarter

    In a difficult economic environment in which the COVID-19 pandemic continued to weigh on GEA’s order intake and revenue, the positive effects of the measures introduced last year to improve efficiency are becoming increasingly noticeable. In the third quarter of 2020, for example, the Group further increased EBITDA before restructuring measures, improved free cash flow, continued to reduce net working capital and converted the net debt at the prior-year reporting date into net liquidity.

  • 04Nov
    2020

    GEA sells its barn equipment and milk cooling technology businesses to Mutares SE & Co KGaA

    In line with its stated strategic portfolio optimization, GEA is divesting two companies that until now have been part of the Group’s Farm Technologies division.

  • 24Sep
    2020

    GEA announces virtual Annual General Meeting

    In light of the ongoing difficult situation due to the COVID-19 pandemic, the Executive Board and the Supervisory Board of GEA Group AG have resolved that the Annual General Meeting for the 2019 fiscal year will be held as a virtual event. The AGM, which has been postponed from April 30 to November 26, 2020, will consequently take place without the physical presence of shareholders or their proxies.

  • 22Sep
    2020

    GEA sells compressor manufacturer Bock to NORD Holding

    As part of its continued focus on strategic core markets – the food, beverages and pharmaceutical industries – Düsseldorf-based technology group GEA is selling the compressor manufacturer Bock, which is in GEA’s Refrigeration Technologies division, to NORD Holding. The purchase agreement was signed yesterday. The parties have agreed not to disclose the financial details of the transaction. The transaction remains subject to regulatory clearance. Closing of the transaction is expected in early 2021.

  • 19Aug
    2020

    GEA advances the optimization of its production network and invests in site expansion in Poland

    GEA Group AG decided on strategic guidelines and significant investments to further optimize its production network. In this context, production at the Bodenheim site near Mainz will be discontinued by the end of 2024. The plant in Koszalin, Poland, will be expanded into a Center of Competence for pump production and comprehensive machining. GEA will invest around EUR 30 million in this expansion. Investments and a further consolidation of production and process activities are planned at other locations, too. The aim is to further strengthen GEA’s global production network in order to increase productivity and reduce its cost base.

  • 12Aug
    2020

    GEA achieves significant improvement in earnings despite COVID-19 effects – forecast for year raised in part

    EBITDA before restructuring measures (EUR 140 million) up by a substantial 26.2 percent in second quarter — Order intake (EUR 1,034 million) down 9.8 percent on previous year — Revenue (EUR 1,165 million) down 6.6 percent on previous year; service business more robust, share now up to 33 percent — ROCE up from 10.5 percent in the previous year to 14.8 percent — Free cash flow improves, reaching EUR 182 million in second quarter (previous year: EUR 9 million) — Net liquidity EUR 92 million as of reporting date (previous year: EUR -330 million) — Total workforce reduced by 1,141 employees — Outlook for financial year raised in part

  • 30Jul
    2020

    Ad hoc: GEA significantly improves preliminary earnings for the second quarter and raises part of its full-year 2020 guidance

    Ad hoc disclosure in accordance with article 17 of MAR - GEA significantly improves preliminary earnings for the second quarter and raises part of its full-year 2020 guidance

  • 27May
    2020

    GEA equips resource-conserving dairy plant with full range of processing technology

    In the first quarter of 2020, the technology company GEA was commissioned by Hochwald Foods GmbH to provide the entire technological setup for dairy processing at a new plant in the German town of Mechernich, near Cologne.

  • 15May
    2020

    GEA delivers very good first-quarter results in a challenging year

    With the coronavirus crisis affecting operating business only to a very minor extent in the first quarter of 2020, technology group GEA began the current financial year with significant increases in both order intake and EBITDA before restructuring measures. These positive developments were achieved largely due to the new group organization introduced in January as well as to operational improvements resulting from measures introduced last year to increase efficiency in the group.

  • 14May
    2020

    GEA and SAP announce strategic partnership

    Düsseldorf, May 14, 2020 – GEA and SAP today announced a strategic partnership which will drive forward GEA’s digital transformation and fast-track the development of SAP’s product portfolio for leading engineering, technology and industrial companies. The two companies have a longstanding history of fruitful collaboration. The strategic partnership will elevate this relationship to a new level and realize mutual benefits for both companies.

  • 08Apr
    2020

    GEA postpones its Annual General Meeting, dividend remains unchanged

    Owing to the COVID-19 virus, the technology company GEA is postponing its Annual General Meeting originally planned for April 30, 2020, in Düsseldorf and will reschedule it for the end of the year. The health of the company’s shareholders, employees and the service providers involved takes the highest priority. By postponing the event, GEA is making an active contribution to slowing the spread of the COVID-19 virus.

Stay in touch with GEA innovations and stories by signing up for news from GEA.

Sign up

We are here to help! With just a few details we will be able to respond to your inquiry.

Contact us