GEA Group AG : Q1 adj. EBITDA slightly above, LPT with organic order intake decline of 22% y-o-y, confirmed FY 2024 outlook leaves limited upside to cons
>Q1 organic sales growth is falling short expectations, other KPIs are slightly above, LPT = problem child? - Q1 2024 order intake declined 14% y-o-y to € 1,365m, which is 2% above the consensus estimate of € 1,334m. Order intake momentum in LPT remains depressed (-22% y-o-y organic order intake growth) with only one large order (€ 31m) received in Q1 (vs four/ € 102m in Q1 23) and even SFT reported a 5% y-o-y organic order intake decline. Sales declined by 2% y-o-y t...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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