Earnings release
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GEA Engineering for a better world . FOR IMMEDIATE RELEASE Press Release GEA reports strong growth in third quarter of 2021 Order intake shows strong 27.9 percent growth ( organic : 29.6 percent ) to EUR 1,349.9 million ( Q3 2020 : EUR 1,055.1 million ) Revenue grows 4.7 percent ( organic : 6.0 percent ) to EUR 1,199.3 million ( Q3 2020 : EUR 1,145.9 million ) EBITDA before restructuring expenses up 16.9 percent to EUR 169.9 million ( Q3 2020 : EUR 145.3 million ) ; margin up 1.5 percentage points to 14.2 percent ( Q3 2020 : 12.7 percent ) ROCE significantly increased to 24.6 percent ( Q3 2020 : 16.3 percent ) Strong improvement in net working capital as percentage of revenue to 7.2 percent ( Q3 2020 : 12.3 percent ) ; net liquidity significantly increased to EUR 358.4 million ( Q3 2020 : EUR 59.2 million ) Outlook for 2021 fiscal year confirmed Recognition for GEA's sustainability performance Düsseldorf , November 5 , 2021 GEA accelerated its profitable growth in the third quarter and delivered compellingly strong results . Order intake rose by 27.9 percent in the third quarter of 2021 to EUR 1,349.9 million , marking the fifth quarterly increase in a row . EBITDA before restructuring expenses went up by 16.9 percent to EUR 169.9 million and the corresponding margin by 1.5 percentage points to 14.2 percent . There are also significant improvements on other key performance indicators . ROCE stands at 24.6 percent , net working capital as a percentage of revenue at 7.2 percent and net liquidity at EUR 358.4 million . GEA has consequently confirmed its outlook for fiscal year 2021 . " All of our divisions are contributing to this strong growth with their operational performance , enabling us to continue the positive trend from the first half of the year through the third quarter . My sincere thanks go to our great , dedicated workforce around the world who have delivered this outstanding performance , " said GEA Group AG CEO Stefan Klebert . Marked double - digit growth in various divisions leads to strong order intake Order intake increased in the third quarter by 27.9 percent to EUR 1,349.9 million ( Q3 2020 : EUR 1,055.1 million ) on the back of growth well into double digits in the Separation & Flow Technologies , Liquid & Powder Technologies and Food & Healthcare Technologies divisions . Almost all customer industries , especially food and beverage , saw marked double - digit growth in order intake . In organic terms , order intake rose 29.6 percent . This was also partly due to four large orders for a total of EUR 167 million in the beverage , pharma and food industries , including one in the growth market of New Food with an order value well into the upper double - digit millions of euros . GEA Group Aktiengesellschaft Phone +49 211 9136-1492 - Fax +49 211 9136-3-1492 - gea.com Peter - Müller - Str . 12 , 40468 Düsseldorf , Germany Revenue went up by 4.7 percent in the third quarter to EUR 1,199.3 million ( Q3 2020 : EUR 1,145.9 million ) and by 6.0 percent on an organic basis . All regions , especially Asia Pacific and Latin America , contributed to this growth . As regards customer industries , pharma stood out with a double - digit increase . The share of service revenue rose from 33.5 percent in the prior - year quarter to 33.7 percent . Media Relations Anne Putz , +49 211 9136-1500 pr@gea.com 1/4