GEA Group Aktiengesellschaft Updates Financial Year 2024 Forecast

GEA Group Aktiengesellschaft has revised its financial forecast for 2024. This adjustment follows a strong operational performance during the first nine months and positive expectations for the rest of the year. The company anticipates an increase in its EBITDA margin, before restructuring expenses, to between 15.4% and 15.6%. This is up from the previous forecasted range of 14.9% to 15.2%.

The company's guidance for organic sales growth of 2% to 4% and a return on capital employed (ROCE) of 32% to 35% remains unchanged. These projections reflect continued confidence in the company’s ability to sustain growth.

GEA Group will release its full third-quarter statement on November 6, 2024. For investor inquiries, contact Oliver Luckenbach, Head of IR, at +49 (0)211 9136 1080 or via email at oliver.luckenbach@gea.com.