Comunicado de prensa corporativo

GEA raises outlook for fiscal year 2021 and publishes preliminary figures for the second quarter

29 Jul 2021

As a result of a very good performance to date in the first half of 2021 and increasingly effective efficiency measures, GEA Group AG is raising its current outlook for fiscal year 2021.

The Group now expects organic revenue growth of 5 to 7 percent, compared with 0 to 5 percent previously. EBITDA before restructuring expenses at constant exchange rates is now expected to be in a range between EUR 600 and 630 million. Previously, this figure was expected to be between EUR 530 million and EUR 580 million. For return on capital employed (ROCE) at constant exchange rates, the new expectation is 23 to 26 percent instead of the previous 16 to 20 percent. These figures mean that the new forecast is above the current market expectations of financial analysts. In this new forecast, GEA assumes that there will no longer be any severe restrictions on economic activity in the second half of 2021 due to measures to combat the Covid-19 pandemic.

 

Fiscal Year 2021

 

Fiscal Year 2020

Initial Guidance

Updated Guidance

Organic growth of revenue

-2.6%

0 – 5%

5 – 7%

EBITDA1

EUR 532 million

 EUR 530 – 580 million

EUR 600 – 630 million

EBITDA1-margin

11.5%

11.4 – 12.2%

12.4 – 13.0%

ROCE1,2

17.1%

16 – 20%

23 – 26%

1 before restructuring expenses
2 at constant FX

"GEA performed excellently in the first half of the year due to its very good market position and the increasing success of the ongoing efficiency program. Demand for our components, plants, and services continues to grow," commented Stefan Klebert, CEO of GEA Group AG. "Our appreciation goes to our global workforce, who, despite continued difficult working conditions in some areas, are ensuring customer satisfaction and at the same time the consistent implementation of our projects."

Following a strong first quarter of 2021, key financial indicators continued to develop very well in the second quarter based on preliminary figures. Order intake increased significantly by 25.1 percent to EUR 1,294 million. Organic growth was as high as 30.2 percent. Revenue decreased slightly by 0.8 percent to EUR 1,156 million. Organically, however, revenue increased by 3.4 percent. EBITDA before restructuring expenses increased by 9.4 percent to EUR 153.7 million. ROCE increased significantly to 21.7 percent (previous year: 14.8 percent).

GEA will publish its full half-year report 2021 as planned on August 13, 2021.

Media Relations

GEA Group Aktiengesellschaft

Peter-Müller-Str. 12


40468

Düsseldorf


Germany

+49 211 9136-0

About GEA

GEA es uno de los mayores proveedores para la industria alimentaria y para muchos otros sectores de la industria. En 2019 generó unos ingresos consolidados de 4.900 millones de euros aproximadamente.

El grupo tecnológico internacional se especializa en maquinaria y plantas, además de tecnologías de procesos y componentes. GEA proporciona soluciones de energía sostenibles para procesos de producción sofisticados en distintos mercados de consumo, además de ofrecer una amplia gama de servicios. El grupo genera aproximadamente un 70 por ciento de sus ingresos del sector de alimentos y bebidas, un sector que disfruta de un crecimiento sostenible a largo plazo. A 31 de diciembre de 2018, la compañía contaba con unos 18.500 empleados en todo el mundo. GEA lidera el mercado y la tecnología en sus áreas de negocio. La compañía cotiza en el índice bursátil alemán MDAX (G1A, WKN 660 200), en el índice STOXX® Europe 600, y en los índices MSCI globales de sostenibilidad.
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