Technology group reports strong financial year 2024
Gea recently announced that it can look back on a strong financial year. The technology group, which focuses on mechanical and plant engineering, also gave a positive outlook for 2025 in its press release.
By its own account, GEA had already raised its forecast for the EBITDA margin before restructuring expenses twice in 2024. The company had previously achieved the financial targets set for 2026 in its Mission 26 strategy.
Challenging economic environment
According to its press release, GEA was able to increase both order intake and revenue in 2024 despite a challenging environment.
Incoming orders increased by 1.5% compared to 2023 to around 5.553 billion euros. Turnover rose by 0.9% from 5.373 billion euros in 2023 to 5.422 billion euros in 2024.
GEA also reports an improvement in EBITDA before restructuring expenses and return on capital employed.
GEA 2024 increased EBITDA before restructuring expenses by 8.1 percent to EUR 837 million. The corresponding margin improved from 14.4 percent to 15.4 percent.
The return on capital employed (ROCE) increased to 33.8% (2023: 32.7%).
Successful transformation
According to the press release, GEA will pay all its employees a special bonus. This is in recognition of the employees' contribution to the company's success.
"2024 was a strong year for GEA," says CEO Stefan Klebert. "We grew again and became even more profitable. This proves that our innovative strength and clear focus on sustainable technologies are valuable competitive advantages. These successes demonstrate GEA's successful transformation."
Positive outlook for 2025
The machinery and plant engineering company GEA is optimistic about the 2025 financial year and anticipates further profitable growth. According to the company, it expects organic revenue growth of between 1.0 and 4.0 percent. This will be based on increasing revenue, in particular through the expansion of the service business and the ongoing implementation of efficiency measures.
The EBITDA margin before restructuring expenses is forecast by the company to be in the range of 15.6 to 16.0 percent. GEA also anticipates a return on capital employed (ROCE) of between 30.0 and 35.0 percent.