EQS-News
GEA raises earnings forecast for fiscal year 2024 again after strong third quarter
- GEA raises 2024 EBITDA margin forecast to 15.4-15.6%
- Strong Q3 performance boosts order intake and sales
- Full financial report to be released on November 6, 2024
EQS-News: GEA Group Aktiengesellschaft / Key word(s): Change in Forecast/Development of Sales
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Duesseldorf (Germany), 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% |