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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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