The goal of GEA’s financing strategy is not only to be able to meet its payment obligations whenever they fall due, but also to ensure that sufficient cash reserves are always available in the form of credit lines, in addition to maintaining a strategic cash position. The centralized liquidity portfolio is managed mainly for capital preservation and risk reduction by diversifying the cash investments.

Financing Structure
GEA cash credit lines incl. discontinued operations
(EUR million)
Maturity 12/31/2018 approved 12/31/2018 utilized
Borrower‘s note loan (2023) February 2023 128 128
Borrower‘s note loan (2025) February 2025 122 122
European Investment Bank December 2025 150 50
Bilateral credit lines including accured interests until further notice 74 18
Syndicated credit line („Club Deal“) August 2022 650
Total 1,124 318
Net liquidity
Overview of net liquidity incl. discontinued operations (EUR million) 12/31/2018 12/31/2017
Cash and cash equivalents 247.9 250.5
Liabilities to banks 320.1 244.9
Net liquidity (+)/Net debt (-) –72.2 5.6
Gearing (%) 2.9 –0.2