GEA raises forecast for EBITDA margin and ROCE for fiscal year 2024

EQS-News: GEA Group Aktiengesellschaft / Key word(s): Change in Forecast
GEA raises forecast for EBITDA margin and ROCE for fiscal year 2024

10.07.2024 / 16:11 CET/CEST
The issuer is solely responsible for the content of this announcement.

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GEA raises forecast for EBITDA margin and ROCE for fiscal year 2024

Düsseldorf, July 10, 2024 - Due to the very positive operating performance
in the first half of fiscal year 2024, GEA Group Aktiengesellschaft is
significantly raising its forecast for the EBITDA margin before
restructuring expenses for the full year 2024. Based on preliminary figures,
GEA now expects a corridor of 14.9 to 15.2 percent (previously: 14.5 to 14.8
percent). GEA is also raising its outlook for the return on capital employed
(ROCE) to between 32.0 and 35.0 percent (previously: 29.0 to 34.0 percent).
The guidance for organic revenue growth of 2.0 to 4.0 percent is confirmed.

"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 Key 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%
Media Relations

Anne Putz
Peter-Müller-Str. 12, 40468 Düsseldorf, Germany
Phone +49 211 9136-1500
anne.putz@gea.com

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. With more than
18,000 employees, the group generated revenues of about EUR 5.4 billion in
more than 150 countries in the 2023 fiscal year. GEA plants, processes,
components and services enhance the efficiency and sustainability of
customer's 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
among the companies comprising
the DAX 50 ESG, MSCI Global Sustainability as well as Dow Jones
Sustainability World and Dow Jones Sustainability Europe Indices.

More information can be found online at gea.com.
If you do not want to receive any further information from GEA, please send
an e-mail to pr@gea.com.


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10.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        GEA Group Aktiengesellschaft
                   Peter-Müller-Straße 12
                   40468 Düsseldorf
                   Germany
   Phone:          +49 (0)211 9136-0
   E-mail:         ir@gea.com
   Internet:       www.gea.com
   ISIN:           DE0006602006
   WKN:            660200
   Indices:        MDAX
   Listed:         Regulated Market in Berlin, Dusseldorf, Frankfurt
                   (Prime Standard), Hamburg, Munich; Regulated Unofficial
                   Market in Hanover, Stuttgart, Tradegate Exchange
   EQS News ID:    1943683

End of News EQS News Service
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1943683 10.07.2024 CET/CEST