GEA Group seen up after Q2 beat, guidance upgrade
BUZZ-GEA Group seen up after Q2 beat, guidance upgrade ** Shares in GEA Group G1AG.DE are seen almost 4% up in pre-market indications after the firm reported Q2 figures ahead of consensus and lifted its guidance
** The supplier of components in the food and beverages industry posted Q2 adjusted EBITDA of €250 million ($285.20 million) and guided for a 2026 organic growth rate of 6.0% to 8.0%, up from 5.0% to 7.0%
** "Company held a positive pre-close call but consensus beating preliminary figures and new guidance are a positive surprise," says a local trader
($1 = 0.8766 euros)
(Reporting by Paolo Laudani in Gdansk)
Recent news on GEA AG
See all newsEurope Research Roundup: AstraZeneca, Hensoldt, Sika
Europe Research Roundup: Alfa Financial Software Holdings, Kingfisher, SSE
Brief: State Of Kuwait Lowers Stake In GEA Group To 6.99%
GEA Group falls after report on Kuwait Investment Authority selling stake
Germany's GEA Group Q2 revenue rises, lifts revenue growth outlook