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EQS-News: GEA Group Aktiengesellschaft / Key word(s): Change in Forecast
GEA raises forecast for EBITDA margin and ROCE for fiscal year 2024
2024-07-10 / 16:11 CET/CEST
The issuer is solely responsible for the content of this announcement.
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%
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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 CO[2] 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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2024-07-10 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.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 2024-07-10 CET/CEST

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July 10, 2024 10:13 ET (14:13 GMT)