GEA (dpa-AFX) - GEA (GEAGF.PK) reported that its first quarter profit
increased by 10.9 percent to 90.6 million euros from 81.7 million euros, prior
year. Earnings per share increased to 0.53 euros from 0.47 euros. EBITDA before
restructuring expenses was 180.5 million euros, up 5.1 percent on the prior-year
quarter. Earnings per share before restructuring expenses was 0.59 euros,
compared to 0.54 euros.

Revenue decreased slightly by 2.3 percent to 1.24 billion euros. Adjusted for
portfolio and currency translation effects, revenue rose by 2.7 percent. Order
intake was down 13.6 percent to 1.36 billion euros.

GEA continues to expect organic revenue growth of 2.0 to 4.0 percent and an
EBITDA margin before restructuring expenses of 14.5 to 14.8 percent in fiscal
2024.

The Executive Board of GEA Group has decided to begin the second and final
tranche of the share buyback program immediately after the completion of the
first tranche. The company said, after the first tranche with a volume of up to
150 million euros will be completed this month, the second tranche of the share
buyback program with a volume of up to 250 million euros is expected to start at
the beginning of June 2024 and should be completed by the beginning of 2025.

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