Earnings release
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GEA engineering for a better world PRESS RELEASE GEA gains further momentum in second quarter – significant rise in order intake and earnings • Order intake increased for fourth successive quarter ; at EUR 1.29 billion , 25.1 percent above prior - year quarter ; growth in all divisions and regions • EBITDA before restructuring expenses up 9.4 percent to EUR 153.7 million ; EBITDA margin before restructuring expenses raised by 1.2 percentage points to 13.3 percent • Net liquidity increased significantly to EUR 203 million Düsseldorf , August 13 , 2021 - Thanks to continued gains from the efficiency program and the general economic recovery , GEA performed excellently in the second quarter . The company once again significantly improved across relevant key performance indicators : order intake , organic revenue development , earnings margin , net liquidity and return on capital employed ( ROCE ) . EBITDA before restructuring expenses consequently increased by 9.4 percent to EUR 153.7 million ( previous year : EUR 140.4 million ) , bringing the corresponding margin to 13.3 percent ( previous year : 12.1 percent ) . In light of this very good performance in the first half of 2021 , GEA raised its outlook for fiscal year 2021 for all parameters at the end of July . " The climbing order intake in the second quarter confirms the trend from the preceding quarters : our business is gaining momentum across all of the company's divisions and regions , " said Stefan Klebert , CEO of GEA Group AG . " We are optimistic for the future and will present our growth strategy for the next five years at our Capital Markets Day in late September . " Strong order intake driven by all divisions In the second quarter , order intake rose by 25.1 percent to EUR 1,294 million . The prior - year quarter had been impacted by Covid - 19 , with an order intake of EUR 1,034 million . On an organic basis , the improvement was 30.2 percent . Growth was driven both by all divisions and by all regions . Order intake in the first six months of this fiscal year was 6.9 percent above the comparable prior - year figure , this latter figure having been heavily impacted by the pandemic notably in the second quarter of 2020. At 11.5 percent , the improvement in order intake in the first half of the year was also significant on an organic basis . GEA Group Aktiengesellschaft Phone +49 211 9136-1492 Fax +49 211 9136-3-1492 . gea.com Peter - Müller - Str . 12 , 40468 Düsseldorf , Germany Page 1 of 5