2023/2024 half-year results of the GEA company

As of March 31, 2024, the GEA company recorded an increase in its production of 9% to €23.12 million. This progression is largely due to an increase in exports of almost 98%, now representing 71% of turnover compared to 46% last year.

GEA's gross margin increased by 7.38%, with a stable margin rate. Operating profit, however, decreased slightly to €1.68 million, impacted by the increase in payroll.

The financial result reached €0.85 million, influenced by the increase in interest rates. The net result stood at €1.27 million, down slightly compared to the previous year.

GEA's equity is reduced to €52.15 million, taking into account an exceptional distribution of €20 million. Net cash stood at €56.54 million before distribution.

In terms of orders, GEA records new successes, notably with Eurotunnel and in Portugal. The firm order book reached €37.3 million, despite delays in the tender procedures.