GEA's New Management Takes Necessary Steps to Curb Lower-Margin Business Exposure
Wide-moat GEA Group's first-quarter results did not show any major changes in the trend: The equipment business continued to outperform the project (solutions) business, which again dragged down the group's margins. However, the shares rose sharply in response to the new CEO's announcement of 200-250 job cuts, namely in the dairy processing and project areas. This is long overdue. The overcapacity in dairy processing has been apparent for a couple of years. This is the new CEO's second major mov...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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