GEA achieves mid-term financial targets ahead of schedule and announces ambitious plans for 2030

EQS-News: GEA Group Aktiengesellschaft / Key word(s): Capital Markets Day GEA achieves mid-term financial targets ahead of schedule and announces ambitious plans for 2030 02.10.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Capital Markets Day

GEA achieves mid-term financial targets ahead of schedule and announces ambitious plans for 2030

• Financial targets of Mission 26 growth strategy met two years earlier than planned
• Organic revenue to grow by an average of more than five percent annually up to 2030
• EBITDA margin to increase to between 17 and 19 percent by 2030 (2023: 14.4 percent), with return on capital employed (ROCE) targeted to rise to more than 45 percent (2023: 32.7 percent)
• Share of revenue attributable to sustainable solutions set to grow to more than 60 percent of total revenue by 2030 (2023: 41.5 precent)

Duesseldorf (Germany), October 2, 2024 – GEA unveils its Mission 30 Group strategy at today’s Capital Markets Day. The comprehensive plan details how GEA will continue to drive profitable growth and significantly expand the company’s share of sustainable solutions until 2030. AI-supported processes and new business models will play an increasingly important role in achieving this. Among the new mid-term targets announced, the Group plans to grow organic revenue by an average of more than 5 percent annually up to 2030. In addition, the EBITDA margin is expected to reach 17–19 percent, with the return on capital employed targeted to rise to more than 45 percent.

“GEA has performed exceptionally well in recent years,” explains CEO Stefan Klebert. “We are poised to meet the financial targets set in 2021 – when we launched Mission 26 – by the end of 2024, two years ahead of schedule. With Mission 30, we continue on our path of steady improvement, setting strategic milestones for future success. Our focus is on growth drivers such as digital solutions, resource-saving innovations and a strong service business, which will all contribute to further increasing our profitability.”