In 2020, GEA further strengthened its operational results and its financial and net asset position in a highly challenging economic environment. Despite the Covid-19 pandemic, both order intake (EUR 4,703 million) and revenue (EUR 4,635 million) declined only slightly. EBITDA before restructur-ing measures (EUR 532 million) and ROCE (17.1 percent) increased substantially. Net liquidity also rose significantly, increasing by EUR 374 million to EUR 402 million. On this basis, GEA will propose a stable dividend of EUR 0.85 per share to its shareholders. The company expects increased revenue and earnings in 2021.
GEA has successfully concluded the sale of compressor manufacturer Bock, formerly assigned to its Refrigeration Technologies division, to NORD Holding, as was contractually agreed in September 2020. Closing took place on today’s date. The parties have agreed not to disclose the financial details of the transaction.
At its meeting yesterday, the Supervisory Board of GEA Group Aktiengesellschaft extended the contract of CEO Stefan Klebert (55) by five years until December 31, 2026.
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