Corporate Press Release
GEA accelerates third-quarter order intake and revenue growth, increases profitability
November 6, 2025
- Order intake increased by 5.5 percent to EUR 1,372 million (Q3 2024: EUR 1,301 million); organic growth of 8.4 percent
- Revenue up by 1.2 percent to EUR 1,366 million in the third quarter (Q3 2024: EUR 1,350 million); organic growth of 4.5 percent
- EBITDA before restructuring expenses further increased by 6.7 percent to EUR 232 million (Q3 2024: EUR 217 million); EBITDA margin before restructuring expenses up from 16.1 percent in prior-year quarter to 17.0 percent
- Return on capital employed (ROCE) again improved to 35.4 percent (Q3 2024: 32.3 percent)
- Net working capital, at 8.6 percent of revenue, within target range of 7.0 to 9.0 percent (Q3 2024: 9.3 percent)
- Guidance for 2025 confirmed
GEA continued its profitable growth trajectory in the third quarter of 2025 and once again improved key financial figures. Order intake and EBITDA before restructuring expenses increased markedly.
“Once again, our third quarter was very successful. Especially order intake showed visible growth across all order volumes. This is testament to our strong business model. Our performance was bolstered by further increases in profitability and revenue,” said GEA CEO Stefan Klebert. “In addition, GEA successfully entered the DAX via the demanding ‘Fast Entry’ procedure.”
Sustained order intake and revenue growth
Order intake in the third quarter of 2025 rose by 5.5 percent to EUR 1,372 million (Q3 2024: EUR 1,301 million). Organically, it grew by 8.4 percent. All order volumes contributed to this increase, including three large orders. Demand growth was particularly strong in the customer industries pharma, dairy farming and food.
The large order for Qatari milk and food producer Baladna Q.P.S.C., received in July this year, was not yet booked in the third quarter, but rather recorded in October of the current quarter, following receipt of the advance payment in the double-digit millions. The contract to build the world’s largest integrated dairy farm and milk powder facility in Algeria was awarded to GEA in the past quarter.
New machine and service business record organic revenue growth
Revenue increased slightly in the reporting quarter, rising by 1.2 percent to EUR 1,366 million (Q3 2024: EUR 1,350 million), with organic growth of 4.5 percent. Negative currency translation effects amounted to EUR 37 million (Q3 2024: EUR 19 million). Organic growth reached 2.7 percent in the new machine business and 7.3 percent in the particularly profitable service business. With higher total revenue, the share of the service business grew by 0.9 percentage points to 40.1 percent.
Higher gross profit continues to drive profitability
EBITDA before restructuring expenses rose by a further 6.7 percent to EUR 232 million in the third quarter (Q3 2024: EUR 217 million). The respective EBITDA margin again showed a substantial increase, up by 0.9 percentage points from 16.1 percent in the prior-year quarter to 17.0 percent. Net profit for the period rose by 7.8 percent to EUR 120.8 million (Q3 2024: EUR 112.0 million). Earnings per share before restructuring expenses went up from EUR 0.72 to EUR 0.76, while the earnings per share of EUR 0.74 also exceeded the prior-year figure of EUR 0.67.
Liquidity and profitability ratios remain positive
As of the September 30, 2025 reporting date, net debt amounted to EUR 36.3 million (September 30, 2024: net liquidity of EUR 65.9 million). This is solely attributable to the payments made for the share buyback program completed in April this year. Net working capital as a share of revenue improved to 8.6 percent, squarely within the target range of 7.0 to 9.0 percent (September 30, 2024: 9.3 percent). Return on capital employed (ROCE) rose to 35.4 percent (Q3 2024: 32.3 percent), primarily due to higher EBIT before restructuring expenses in the last twelve months.
The first nine months at a glance
Order intake in the first nine months of 2025 rose by 3.6 percent to EUR 4,096 million (9M 2024: EUR 3,955 million). This corresponds to 5.6 percent organic growth. Revenue rose slightly by 0.6 percent to EUR 3,936 million (9M 2024: EUR 3,914 million). Organically, revenue grew by 2.3 percent. EBITDA before restructuring expenses increased by 8.1 percent to EUR 646.7 million (9M 2024: EUR 598.2 million). The corresponding margin improved by 1.1 percentage points to 16.4 percent (9M 2024: 15.3 percent). At EUR 322.2 million, profit for the period in the first three quarters of 2025 was up 6.9 percent on the prior-year period (9M 2024: EUR 301.3 million). Earnings per share before restructuring expenses increased from EUR 1.97 to EUR 2.08. Earnings per share rose to EUR 1.97 (9M 2024: EUR 1.79).
Guidance for full year 2025 confirmed
GEA anticipates organic revenue growth between 2.0 and 4.0 percent for the financial year. The company expects an EBITDA margin before restructuring expenses between 16.2 and 16.4 percent and forecasts ROCE of 34 to 38 percent. The original guidance was increased on July 31 of this year.
Key Figures of GEA
| (EUR million) | Q3 2025 | Q3 2024 | Change in % | Q1-Q3 2025 | Q1-Q3 2024 | Change in % |
|---|---|---|---|---|---|---|
Results of operations |
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| Order intake | 1,372.4 | 1,300.6 | 5.5 | 4,096.4 | 3,955.0 | 3.6 |
| Book-to-bill ratio | 1.00 | 0.96 | – | 1.04 | 1.01 | – |
| Order backlog | 3,102.3 | 3,014.2 | 2.9 | 3,102.3 | 3,014.2 | 2.9 |
| Revenue | 1,365.9 | 1,349.8 | 1.2 | 3,936.2 | 3,914.4 | 0.6 |
| Organic revenue growth1 | 4.5 | 1.4 | 314 bp | 2.3 | 1.9 | 43 bp |
| Share of service revenue in % | 40.1 | 39.2 | 95 bp | 40.6 | 38.7 | 190 bp |
| EBITDA before restructuring expenses | 231.7 | 217.1 | 6.7 | 646.7 | 598.2 | 8.1 |
| as % of revenue | 17.0 | 16.1 | 88 bp | 16.4 | 15.3 | 115 bp |
| EBITDA | 226.9 | 209.2 | 8.4 | 625.7 | 567.4 | 10.3 |
| EBITA before restructuring expenses | 193.4 | 181.1 | 6.8 | 536.0 | 491.3 | 9.1 |
| EBITA | 188.6 | 173.2 | 8.9 | 515.0 | 458.1 | 12.4 |
| EBIT before restructuring expenses | 179.7 | 168.3 | 6.8 | 492.3 | 452.3 | 8.9 |
| EBIT | 174.2 | 157.6 | 10.5 | 468.6 | 415.6 | 12.8 |
| Profit for the period | 120.8 | 112.0 | 7.8 | 322.2 | 301.3 | 6.9 |
| ROCE in % | 35.4 | 32.3 | 307 bp | 35.4 | 32.3 | 307 bp |
Financial position |
||||||
| Cash flow from operating activities | 119.6 | 180.3 | -33.6 | 184.3 | 255.4 | -27.8 |
| Cash flow from investing activities | -67.5 | -54.2 | -24.4 | -142.9 | -103.6 | -38.0 |
| Free cash flow | 52.2 | 126.0 | -58.6 | 41.4 | 151.8 | -72.7 |
Net assets |
||||||
| Net working capital (reporting date) | 466.1 | 493.5 | -5.6 | 466.1 | 493.5 | -5.6 |
| as % of revenue (LTM) | 8.6 | 9.3 | -71 bp | 8.6 | 9.3 | -71 bp |
| Capital employed (reporting date) | 2,033.7 | 1,909.3 | 6.5 | 2,033.7 | 1,909.3 | 6.5 |
| Equity | 2,347.1 | 2,336.2 | 0.5 | 2,347.1 | 2,336.2 | 0.5 |
| Equity ratio in % | 41.1 | 41.0 | 11 bp | 41.1 | 41.0 | 11 bp |
| Net liquidity (+)/Net debt (-)2 | -36.3 | 65.9 | – | -36.3 | 65.9 | – |
GEA Shares |
||||||
| Earnings per share (EUR) | 0.74 | 0.67 | 10.3 | 1.97 | 1.79 | 10.2 |
| Earnings per share before restructuring expenses (EUR) | 0.76 | 0.72 | 5.9 | 2.08 | 1.97 | 5.6 |
| Market capitalization (EUR billion; reporting date)3 | 10.2 | 7.6 | 35.1 | 10.2 | 7.6 | 35.1 |
| Employees (FTE; reporting date) | 18,426 | 18,484 | -0.3 | 18,426 | 18,484 | -0.3 |
| Total workforce (FTE; reporting date) | 19,318 | 19,303 | 0.1 | 19,318 | 19,303 | 0.1 |
2) Including lease liabilities of EUR 217.4 million as of September 30, 2025 (September 30, 2024: EUR 187.6 million).
3) XETRA closing price as of September 30, 2025: EUR 62.85; XETRA closing price as of September 30, 2024: EUR 43.96; In previous year the market capitalization still included treasury shares.
Matthias Schnettler
Informazioni su GEA
GEA è fra i principali fornitori dell'industria di processo alimentare e di una vasta gamma di altri settori. Nel 2019 ha realizzato un fatturato consolidato di circa 4,9 miliardi di euro.
