GEA Group AG : No surprise - Q4 order intake 2% above, outlook leaves the consensus at the upper end
>Sales up 4% y-o-y, the service share remains at a high level (>34%) - Gea reported a Q4 2021 order intake increase of 5% y-o-y to € 1,296m, 2% ahead of the consensus estimate of € 1,270m and fueled by all divisions except farm tech. Sales increased by 4% y-o-y to € 1,283m (ODDO BHF/consensus - € 1,342m/€ 1,331m) in Q4 2021 with the service share reaching a high level of 34.2% and organic new machines sales grew 5.7% y-o-y. Adj. EBITDA increased 27% y-o-...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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