GEA performance 2024

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“2024 was a strong year for GEA. Not only did we grow the business yet again – we also continued to drive our profitability. This goes to show that our innovative strength and clear focus on sustainable technologies are valuable competitive advantages,” says CEO Stefan Klebert. “These achievements showcase the successful transformation of GEA. On behalf of the entire Executive Board, I would like to thank all our employees for this impressive accomplishment.”

2024 – a strong year for GEA

Say on Climate

GEA presents shareholders its Climate Transition Plan 2040

Share buyback

GEA starts new EUR 400 million program

Financial key figures of GEA

Results of operations
2024	2023	Change in %

Order intake	5,553.0	5,469.4	1.5
Book-to-bill ratio	1.02	1.02	-
Order backlog	3,127.3	3,116.6	0.3
Revenue	5,422.1	5,373.5	0.9
Organic revenue growth¹	3.7	8.4	-468 bps
Share of service revenue in %	38.9	36.1	271 bps
EBITDA before restructuring expenses	837.3	774.3	8.1
as % of revenue	15.4	14.4	103 bps
EBITDA	776.7	713.8	8.8
EBIT before restructuring expenses	625.8	580.6	7.8
EBIT	557.6	519.7	7.3
Profit for the period	385.0	392.8	-2.0
ROCE in %	33.8	32.7	112 bps

Financial position
2024	2023	Change in %

Cash flow from operating activities	710.5	537.5	32.2
Cash flow from investing activities	-205.7	–200.6	-2.5
Free cash flow	504.8	336.9	49.8

Net assets
2024	2023	Change in %

Net working capital (reporting date)	327.3	345.9	-5.4
as % of revenue (LTM)	6.0	6.4	-48 bps
Capital employed (reporting date)	1,700.6	1,673.1	1.6
Equity	2,424.1	2,397.7	1.1
Equity ratio in %	40.2	40.3	-8 bps
Net liquidity (+)/Net debt (-)2	343.5	371.2	-7.5

GEA Shares
2024	2023	Change in %

Earnings per share (EUR)	2.30	2.28	0.7
Earnings per share before restructuring expenses (EUR)	2.62	2.56	2.3
Market capitalization (EUR billion; reporting date)3	8.2	6.5	26.9
Employees (FTE; reporting date)	18,347	18,773	-2.3
Total workforce (FTE; reporting date)	19,089	19,562	-2.4

^{1) Adjusted for portfolio and currency translation effects.

2) Including lease liabilities of EUR 190.6 million as of December 31, 2024 (prior year EUR 154.8 million).

3) The market capitalization includes treasury shares. XETRA closing price as of December 30, 2024: EUR 47.82; XETRA closing price as of December 29, 2023: EUR 37.69}

GEA‘s Annual Report 2024

GEA continued to grow profitably in the fiscal year 2024 thanks to its international positioning and portfolio of innovative solutions and services. Bucking the general trend in the mechanical and plant engineering industry, the technology group managed to improve all of its key financial indicators.

Annual Report (PDF)