GEA Posts Solid 2Q; Consensus for Full Year Looks Low; Shares Attractive
The GEA Group second-quarter results and near-term announcement of a new CEO may represent a turning point for the firm after a series of setbacks, mostly self-inflicted, that have delayed its return to normalised profitability despite a rebound in orders. Second-quarter results came in ahead of consensus on revenue and EBITDA, and the company looks well on track to meet our full-year figures. Management tweaked guidance, with revenue anticipated to come at the high end and the adjusted EBITDA m...GEA Group focuses on the development and production of process technology and components for production methods. Co. segments include: GEA Food Solutions, which manufactures machinery for preparing, marinating, processing, cutting, and packaging meat, poultry, and other foods; GEA Farm Technologies, which manufacturers product solutions for milk production and livestock farming; GEA Mechanical Equipment, which concentrates in separators, decanters, valves, pumps, and homogenizers; GEA Process Engineering, which designs and develops of process solutions for the pharmaceutical, and chemical industries; and GEA Refrigeration Technologies, which concentrates in refrigeration technology.
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