Brief: GEA Sees Organic Revenue Growth Between 2 And 4 Percent in FY 2024

GEA AG

07/03/2024 06:35

March 7 (Reuters) - GEA GROUP AG  G1AG.DE :
    * SEES EARNINGS RISE AGAIN IN FISCAL YEAR 2023 AND PROPOSES
DIVIDEND INCREASE
    * FY ORGANIC ORDER INTAKE GROWTH OF 0.8 PERCENT; REPORTED
ORDER
INTAKE DOWN 3.7 PERCENT TO EUR 5,469 MILLION (2022: EUR 5,679
MILLION)
    * PROPOSED FURTHER DIVIDEND INCREASE TO EUR 1.00 PER SHARE
(2022:
EUR 0.95)
    * POSITIVE OUTLOOK FOR FISCAL YEAR 2024: ORGANIC REVENUE
GROWTH
BETWEEN 2 AND 4 PERCENT
    * POSITIVE OUTLOOK FOR FISCAL YEAR 2024: EBITDA MARGIN
BEFORE
RESTRUCTURING EXPENSES BETWEEN 14.5 AND 14.8 PERCENT; ROCE
BETWEEN 29.0 AND 34.0 PERCENT
    * FY NET WORKING CAPITAL AS A PERCENTAGE OF REVENUE, AT 6.4
PERCENT (2022: 6.1 PERCENT)
    * RETURN ON CAPITAL EMPLOYED (ROCE) FURTHER INCREASED TO
32.7
PERCENT
    * EBITDA MARGIN BEFORE RESTRUCTURING EXPENSES INCREASED BY
0.6
PERCENTAGE POINTS TO 14.4 PERCENT (2022: 13.8 PERCENT)
    * EBITDA BEFORE RESTRUCTURING EXPENSES UP EUR 62 MILLION TO
EUR
774 MILLION(2022: EUR 712 MILLION)
    * ORGANIC REVENUE UP BY 8.4 PERCENT; ON A REPORTED BASIS,
REVENUE
ROSE 4.0 PERCENT TO EUR 5,373 MILLION
    * ORGANIC ORDER INTAKE GROWTH OF 0.8 PERCENT; REPORTED ORDER
INTAKE DOWN 3.7 PERCENT TO EUR 5,469 MILLION
    * MEDIUM-TERM FINANCIAL TARGETS THROUGH TO 2026 CONFIRMED

Source text for Eikon:  ID:nEQ42pPSXa 
Further company coverage:  G1AG.DE 

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