GEA Group AG : We prefer peers with long(er) order books to circumvent interest rate risk & adverse mix effects ahead – Down to Neutral (Outperform) & new TP of € 34
>VDMA stated 16% fewer incoming orders (real terms) for the period June-August & PMI points in the same direction – We prefer peers with long(er) order books - According to VDMA, orders fell by 16% y-o-y in the three-month period June to August (August even higher due to high base effect, i.e. -21% y-o-y) with a lack of orders from abroad being the key driver (-17% y-o-y). Furthermore, manufacturing PMIs reached a level of 43.5 (eurozone) in August, indicating a reces...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.