on GEA Group Aktiengesellschaft (isin : DE0006602006)
GEA Group Raises 2024 Guidance for EBITDA Margin and ROCE
GEA Group Aktiengesellschaft has announced a revision to its 2024 financial guidance based on strong operational performance in the first half of the year. The company now expects its EBITDA margin before restructuring expenses to range between 14.9% and 15.2%, up from the previous forecast of 14.5% to 14.8%.
Additionally, GEA Group has increased its Return on Capital Employed (ROCE) guidance from the earlier range of 29% to 34%, to a new range of 32% to 35%. The forecast for organic sales growth remains unchanged at 2% to 4% for the financial year 2024.
The comprehensive half-yearly financial report will be published on August 7, 2024. Further inquiries can be directed to Oliver Luckenbach, Head of Investor Relations at GEA Group Aktiengesellschaft.
R. E.
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