GEA Group (G1A) Pre-Close Call summary

Executive summary

• Full-year 2025 guidance confirmed with organic sales growth expected between 1% and 4%.

• EBITDA margin before restructuring expenses guided at 15.6% to 16.0%, with ROCE targeted at 30% to 35%.

• Order intake pipeline remains strong, with optimism for large orders during the year, though timing is uncertain.

• Service business continues to perform strongly and is a key contributor to margin resilience.

Trading performance and revenue trends

• Organic sales growth in Q2 is expected at the lower end of the 1% to 4% range, with sales acceleration anticipated in the second half of the year.

• Food and beverage project activity remains robust; dairy processing continues as a growth driver since Q2 2024.

• Dairy farming market environment has improved, while new food remains soft.

• Negative translational FX effects are expected to impact sales.

Profitability and margins

• Q1 2025 EBITDA margin was 15.8%, with Q2 expected to show further progress over last year's 15.2%.

• Margin improvement is supported by strong service business and ongoing cost savings initiatives.

• No exceptional items in Q1 margin; positive mix effect from service sales noted.