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.