GEA raises earnings forecast for fiscal year 2024 again after strong third quarter

GEA raises earnings forecast for fiscal year 2024 again after strong third quarter

Duesseldorf (Germany), October 11, 2024 – Based on the very positive operating performance in the first nine months of fiscal year 2024 – particularly in the third quarter – and the expectations for the full year 2024, GEA Group Aktiengesellschaft is again raising its guidance for the EBITDA margin before restructuring expenses for the full year 2024 based on preliminary figures*. GEA now expects a range of 15.4 to 15.6 percent (previously: 14.9 to 15.2 percent). The company confirms its guidance of 2.0 to 4.0 percent organic revenue growth and a 32 to 35 percent return on capital employed (ROCE).

“We continued our profitable performance in the third quarter, once again demonstrating the company's ongoing earnings improvement,” said CEO Stefan Klebert. “Order intake was particularly encouraging, driven by strong base business. We will implement our recently published Mission 30 strategy step by step, thereby further increasing the group's profitability."

GEA will publish the full financial report on the third quarter on November 6, 2024.

*Preliminary key financial figures Q3 2024 vs. Q3 2023

 
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About GEA

GEA is one of the world’s largest systems suppliers for the food, beverage and pharmaceutical sectors. The international technology group, founded in 1881, specializes in machinery and plants as well as advanced process technology, components and comprehensive services. With more than 18,000 employees, the group generated revenue of more than EUR 5.4 billion in over 150 countries in fiscal year 2023. GEA plants, processes and components enhance the efficiency and sustainability of customers’ production processes across the globe. 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 in the German MDAX and the European STOXX® Europe 600 Index and is also among the companies comprising the DAX 50 ESG, MSCI Global Sustainability, the Dow Jones Sustainability World and Dow Jones Sustainability Europe Indices.

More information can be found online at gea.com.

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