Corporate press release
GEA raises forecast for EBITDA margin and ROCE for fiscal year 2024
July 10, 2024
"We are pleased with the positive development in the first half of the year," says CEO Stefan Klebert. "We have already achieved our ambitious Mission 26 financial targets two years earlier than planned. We are proud of this and look to the second half of the year with confidence."
GEA will present its strategy and targets up to 2030 at the Capital Markets Day on October 2, 2024.
GEA will publish the full half-year financial report on August 7, 2024.
Preliminary GEA Financial Figures
|
GEA Group |
Q2 2024 |
Q2 2023 |
|
H1 2024 |
H1 2023 |
|
Order intake - Reported |
1.289 |
1.381 |
|
2.654 |
2.962 |
|
Order intake – Organic Growth |
-3,5% |
|
|
-6,8% |
|
|
Sales - Reported |
1.323 |
1.342 |
|
2.565 |
2.613 |
|
Sales – Organic Growth |
1,6% |
|
|
2,2% |
|
|
EBITDA bf.restr |
201 |
192 |
|
381 |
363 |
|
EBITDA bf. restr. in % |
15,2% |
14,3% |
|
14,9% |
13,9% |
|
ROCE (L4Q) in % |
32,2% |
33,8% |
|
32,2% |
33,8% |
Matthias Schnettler
Media Relations
GEA Group Aktiengesellschaft
Ulmenstrasse 99
40476
Düsseldorf
Germany
+49 211 9136-0
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About GEA
GEA is one of the world’s largest suppliers of systems and components to the food, beverage and pharmaceutical industries.
The international technology group, founded in 1881, focuses on machinery and plants, as well as advanced process technology, components and comprehensive services. For instance, every second pharma separator for essential healthcare products such as vaccines or novel biopharmaceuticals is produced by GEA. In food, every fourth package of pasta or every third chicken nugget are processed with GEA technology.
With more than 18,000 employees, the group generated sales of about EUR 5.5 billion in more than 150 countries in the 2025 fiscal year. GEA plants, processes, components and services enhance the efficiency and sustainability of customers’ production. They contribute significantly to the reduction of CO2 emissions, plastic usage and food waste. In doing so, GEA makes a key contribution toward a sustainable future, in line with the company’s purpose: ”Engineering for a better world.”
GEA is listed on the German MDAX, the European STOXX® Europe 600 Index and is also a constituent of the leading sustainability indices DAX 50 ESG, MSCI Global Sustainability and Dow Jones Best-in-Class World.
