Fiscal year 2019
The number of shares outstanding at the end of 2019 was 180,492,172, on a par with the previous year. Market capitalization at the end of 2019 amounted to around EUR 5.3 billion (previous year: EUR 4.1 billion).
In 2019, as in previous years, GEA performed regular analyses of its shareholder structure; the most recent identified 96.4 percent of all shares outstanding. It was established that institutional investors held more than 80 percent of all shares, with investors from the UK and the U.S. accounting for a good two-thirds.
GEA still has two investors – Kuwait Investment Office and Oliver Capital (the principal shareholder of Groupe Bruxelles Lambert) – that do not count as free float according to the definition applied by the German stock exchange (Deutsche Börse). According to the most recent voting rights announcements submitted to the Company, Kuwait Investment Office held 16,092,940 voting rights (through shares and instruments) as of April 19, 2016, which corresponded to some 8.9 percent of equity as of December 31, 2019. On December 7, 2018, Oliver Capital held a total of 15,357,460 voting rights (exclusively shares), which corresponded to some 8.5 percent of equity as of December 31, 2019. According to Deutsche Börse, therefore, approximately 83 percent of GEA shares were in free float as of the reporting date.