EQS-News

    105 Aufrufe 105 0 Kommentare 0 Kommentare

    GEA raises earnings forecast for fiscal year 2024 again after strong third quarter

    Für Sie zusammengefasst
    • 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
    GEA raises earnings forecast for fiscal year 2024 again after strong third quarter

    11.10.2024 / 11:30 CET/CEST
    The issuer is solely responsible for the content of this announcement.



    GEA raises earnings forecast for fiscal year 2024 again after strong third quarter

    Anzeige 
    Handeln Sie Ihre Einschätzung zu GEA Group Aktiengesellschaft!
    Long
    42,86€
    Basispreis
    0,36
    Ask
    × 12,83
    Hebel
    Zum Produkt
    Short
    49,55€
    Basispreis
    0,37
    Ask
    × 12,48
    Hebel
    Zum Produkt
    Präsentiert von

    Den Basisprospekt sowie die Endgültigen Bedingungen und die Basisinformationsblätter erhalten Sie bei Klick auf das Disclaimer Dokument. Beachten Sie auch die weiteren Hinweise zu dieser Werbung.

    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%

     

    Seite 1 von 3


    Diskutieren Sie über die enthaltenen Werte


    EQS Group AG
    0 Follower
    Autor folgen

    Verfasst von EQS Group AG
    EQS-News GEA raises earnings forecast for fiscal year 2024 again after strong third quarter EQS-News: GEA Group Aktiengesellschaft / Key word(s): Change in Forecast/Development of Sales GEA raises earnings forecast for fiscal year 2024 again after strong third quarter 11.10.2024 / 11:30 CET/CEST The issuer is solely responsible for the …