GEA Group (G1A) Pre-Close Call summary

Executive summary

• Guidance for full year 2025 is confirmed, with organic sales growth expected between 2% and 4% and EBITDA margin before restructuring expenses guided at 16.2%-16.4%.

• Order intake remains strong, with large orders in Q3 and optimism for further significant orders in the second half of 2025.

• No material impact from recent U.S. tariffs is expected, as costs can be passed on to customers.

Trading performance and revenue trends

• Organic sales growth was 1.2% in H1, with acceleration expected in H2 to meet full-year guidance.

• Food and dairy processing sectors show continued strength, while beverage demand is stable and new food demand is expected to remain soft.

• Translational FX effects are expected to be negative.

Profitability and margins

• H1 EBITDA margin before restructuring expenses was 16.1%; full-year guidance is 16.2%-16.4%.

• Confident in achieving margin guidance despite mix effects and increased new machine sales.