Corporate press release
GEA raises earnings forecast for fiscal year 2024 again after strong third quarter
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
|
GEA Group |
Q3 2024 |
Q3 2023 |
|
Q1-Q3 2024 |
Q1-Q3 2023 |
|
Order Intake – Reported (EUR million) |
1,301 |
1,247 |
|
3,955 |
4,209 |
|
Order intake – Organic Growth |
6.6% |
|
|
-2.8% |
|
|
Sales – Reported (EUR million) |
1,350 |
1,351 |
|
3,914 |
3,964 |
|
Sales – Organic Growth |
1.4% |
|
|
1.9% |
|
|
EBITDA bf. restr. (EUR million) |
217 |
207 |
|
598 |
570 |
|
EBITDA bf. restr. in % |
16.1% |
15.3% |
|
15.3% |
14.4% |
|
ROCE (L4Q) in % |
32.3% |
33.9% |
|
32.3% |
33.9% |
Lilian Schmalenstroer
Media Relations
GEA Group Aktiengesellschaft
Peter-Müller-Str. 12
40468
Düsseldorf
Germany
+49 211 9136-0
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.
