Ad hoc: GEA raises outlook for fiscal year 2021 and announces preliminary figures for the second quarter 2021

GEA adjusts its forecast for the fiscal year 2021 as follows:

• Sales is now expected to grow organically (adjusted for foreign exchange effects and acquisitions/divestments) by 5 to 7 percent (previously: 0-5%). 
• EBITDA before restructuring measures (based on constant currencies) is now expected to be in a range of EUR 600 to 630 million (previously: Euro 530 to 580 million; consensus EUR 572 million) 
• ROCE (based on constant currencies) is now expected to be in the range of 23 to 26 percent (previously: 16 to 20 percent).

GEA‘s outlook assumes that there will be no severe restrictions on economic activity due to measures to combat the Covid-19 pandemic in the second half of 2021. 

In the second quarter of 2021 relevant preliminary financial figures developed as followed:

• Order intake increased significantly by 25.1 percent to EUR 1,294 million (organic growth: 30.2 percent; consensus: Euro 1,227 million)
• Sales declined slightly by 0.8 percent to EUR 1,156 million (organic growth: 3.4 percent; consensus: EUR 1,179 million)
• EBITDA before restructuring measures improved by 9.4 percent to Euro 153.7 million (consensus: EUR 145.6 million)
• ROCE increased significantly to 21.7 percent (prior year period: 14.8 percent)

The complete half-year financial report 2021 will be published on August 13, 2021.