GEA GROUP
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5-year stock timeline
Major company- and stock-specific events that likely moved the price
2020 — COVID shock and operational resilience. Order intake €4,703m, revenue €4,635m, EBITDA before restructuring €532m. ROCE improved and net liquidity rose to approximately €402m. The company proposed a dividend of €0.85 and disposed of its compressor business Bock in September 2020. [14, 7, 2]
2021 — Strategy and re-rating. GEA launched "Mission 26" at its Capital Markets Day in September 2021 and upgraded guidance mid-year in July. Order intake reached €5,222.5m, revenue approximately €4.70bn, EBITDA €624.8m, and ROCE 28%. The company launched a share buyback program of up to €300m in August 2021, repurchasing approximately €94m by year-end, and raised the dividend to €0.90. [16, 22, 18, 25]
2022 — Execution and consolidation. GEA exceeded raised targets with revenue of €5,164.7m (organic growth of 8.9%), EBITDA of €712m, and ROCE of 31.8%. The order backlog reached approximately €3.19bn. The company completed its 2021 buyback program, repurchasing 8,161,096 shares and holding approximately €205.6m in treasury cash. Selective portfolio disposals affected the Heating & Refrigeration segment. [27, 29, 31]
2023 — Margin durability and capital actions. GEA reported FY 2023 revenue of approximately €5.37bn and EBITDA before restructuring of approximately €774m (margin 14.4%), with ROCE reaching approximately 32.7%. Order intake was affected by negative currency translation. The company concluded its prior buyback program in December 2022 and January 2023, then resolved a new €400m buyback plus cancellation of treasury shares in November 2023. The dividend proposal rose to €1.00. [40, 26, 17, 21]
2024 — Targets achieved early. Management confirmed that Mission 26 financial targets were accomplished in 2024, with revenue of approximately €5.4bn, EBITDA of approximately €837m (margin approximately 15.4%), and ROCE of approximately 33.8%. The company continued to emphasize capital returns and improved its guidance cadence. [23]
2025 — Strong fundamentals and peak. GEA published preliminary and final 2025 figures: preliminary order intake of approximately €5.9bn (organic growth of 9.1%), sales of approximately €5.5bn, and preliminary EBITDA of approximately €907m (margin approximately 16.5%). Management confirmed an accelerated growth trajectory into 2026. [57, 62, 66]
2026 (YTD) — Confirmation of acceleration. Q1 2026 results reported on 11 May 2026 showed order intake of €1,454.2m (organic growth of 6.4%), revenue of €1,273.1m (organic growth of 5.3%), and EBITDA before restructuring of €205.9m (margin 16.2%), with ROCE reaching 35.7%. The company launched "GEA SecurityPartner" service and confirmed FY 2026 guidance of organic sales growth of 5–7%, EBITDA margin of 16.6–17.2%, and ROCE of 34–38%. [53, 55, 56, 62]
How public and investor perception and narrative around the stock evolved
2020 — The market shifted perception from a Covid-hit operator to a resilient one, improving margins and balance-sheet metrics through the pandemic. GEA emerged as a defensive industrial supplier to food, beverage, and pharma. [14, 7]
2021 — Investors re-rated the stock from turnaround to "profitable growth" story, rewarding margin expansion, guidance upgrades, and capital returns through buybacks and dividends. [16, 22]
2022 — A "high-ROCE industrial compounder" narrative emerged, cementing credibility. Capital allocation through buybacks and dividends reinforced the shareholder returns thesis, though some investors noted the reduction in net liquidity following repurchases. [27, 29]
2023 — The narrative progressed to "quality growth plus returns," with investors focusing on margin durability, high ROCE, and an expanding service mix. FX sensitivity became a headline factor. [40, 17, 35]
2024 — The market treated GEA as a best-in-class industrial compounder, with the narrative centered on high-ROCE, capital-efficient growth. Investors rewarded the company with material re-rating. [23]
2025 — A fundamentals-led re-rating took hold, with GEA viewed as a secular growth story combined with margin expansion and disciplined capital returns. Investor confidence in the strategy materially increased. [57, 66]
2026 (YTD) — Conviction remained anchored in durable margin expansion and capital efficiency, with the narrative solidified as "high-ROCE, repeatable growth with shareholder returns." Investors monitored geopolitical and energy price risks. [53, 55]
Key technical phases on the chart over roughly the last 5 years
2020 — The pandemic drawdown and recovery set a base for the 2021 breakout, with an intraday low of approximately €17.27 and high of approximately €33.31, closing the year near €31.60. [47]
2021 — A strong sustained uptrend and breakout from the 2020 base drove the price to multi-year highs, closing the year at approximately €47.91, propelled by upgrades, strategy announcements, and buyback activity. [47, 16]
2022 — A pullback and consolidation phase saw the price retesting the €35–€40 band, with the year-end close at approximately €37.63, reflecting broader market factors and FX headwinds. [47]
2023 — An upward bias resumed after the 2022 consolidation, with price action confirming recovery through multiple breakouts and higher lows throughout the year. [47, 51]
2024 — A decisive breakout above €50 during the year established a structural uptrend, with prior resistance becoming support. The year closed at approximately €51.33. [47, 23]
2025 — A sharp rally reached an all-time intraday peak of €69.11 on 30 May 2025, followed by a consolidation phase. Price action in the second half of 2025 and early 2026 retested a new support zone around €60–66. [47, 49, 51]
2026 (YTD) — Post-peak consolidation has centered around the €60 area, with intraday and closing data in early 2026 showing trading in the €60–62 range. The latest price as of 30 June 2026 is 60.05, confirming support near this level. Historical daily closes in March and April 2026 support this consolidation band. [45, 52]
Key risks and downside factors
GEA Group stands as a substantial German supplier of process technology, equipment and aftermarket services across food, beverage and pharmaceutical industries. Its publicly listed competitors span Alfa Laval, Andritz, Krones, SPX Flow and JBT (post-Marel), while private operators like Tetra Pak and Bühler compete through integrated processing and packaging offerings. The company contends with capital-goods sector fundamentals—cyclical order patterns and extended project timelines—alongside persistent margin compression, supply-chain and commodity cost fluctuations, and intensifying regulatory and sustainability demands across food and pharma.
- Capital equipment businesses face inherent cyclicality—order books swing sharply, pulling revenue and margins along with them. Projects get cancelled or pushed out. This volatility is structural, not incidental.
- Larger integrated suppliers and lower-cost OEMs are intensifying competitive pressure, compressing margins and threatening market share.
- Supply-chain and commodity cost volatility—particularly in steel, electronics, and logistics—creates real risk of delivery delays and project cost overruns.
- Regulatory, food-safety, pharmaceutical GMP, and sustainability requirements that drive up compliance costs, expand warranty and liability exposure, and demand greater capital investment.
Competitive landscape
GEA Group supplies process engineering, equipment and services to food, beverage and pharmaceutical manufacturers globally. It competes across separation, heat transfer and processing lines against large system integrators and specialist OEMs—listed rivals include Alfa Laval, Andritz and JBT (post‑Marel), while private players like Tetra Pak and Bühler hold significant positions in adjacent packaging and processing. The business carries exposure to cyclical capital-goods demand, competitive margin pressure, supply-chain and input-cost volatility, and substantial regulatory and compliance obligations.
| Company | Ticker |
|---|---|
| Alfa Laval AB | ALFA.ST |
| Andritz AG | ANDR.VI |
| JBT Marel Corporation | JBTM.NYSE |
Private competitors
- Tetra Pak (Tetra Laval Group)
- Bühler Group
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Relative Performance vs Benchmarks
| Period | GEA GROUP | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | +13.01% | +11.30% | +11.60% |
| 3M | +0.60% | -4.57% | -9.66% |
| 6M | +5.16% | +6.04% | -3.14% |
| 1Y | +8.16% | +4.73% | -13.71% |
| 3Y | +79.36% | +18.89% | +2.38% |
| 5Y | +96.26% | +36.66% | +12.57% |
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Start Free TrialHistorical valuation trends
How the company’s key valuation ratios (P/E, P/S, P/B and P/CF) have evolved over time compared to today.
| Period | P/E Ratio | P/S Ratio | P/B Ratio | P/CF Ratio |
|---|---|---|---|---|
| Current | 23.9 | 1.8 | 3.9 | 16.1 |
| 1Y ago | 23.9 | 1.7 | 4.0 | 13.5 |
| 3Y ago | 14.6 | 1.2 | 2.8 | 15.3 |
| 5Y ago | 39.8 | 1.3 | 3.1 | 9.4 |
Frequently Asked Questions
Where is the GEA GROUP stock traded?
What does GEA GROUP do?
What are the key metrics for G1A.XETRA?
How has GEA GROUP's stock price performed?
How is G1A.XETRA valued?
Does G1A.XETRA pay dividends?
What are the key risks when investing in G1A.XETRA?
- Capital equipment businesses face inherent cyclicality—order books swing sharply, pulling revenue and margins along with them. Projects get cancelled or pushed out. This volatility is structural, not incidental.
- Larger integrated suppliers and lower-cost OEMs are intensifying competitive pressure, compressing margins and threatening market share.
- Supply-chain and commodity cost volatility—particularly in steel, electronics, and logistics—creates real risk of delivery delays and project cost overruns.
- Regulatory, food-safety, pharmaceutical GMP, and sustainability requirements that drive up compliance costs, expand warranty and liability exposure, and demand greater capital investment.
Who are the main competitors of GEA GROUP?
- Alfa Laval AB (ALFA.ST)
- Andritz AG (ANDR.VI)
- JBT Marel Corporation (JBTM.NYSE)
When does GEA GROUP report earnings?
Key Metrics
Valuation Metrics
Profitability Metrics
Growth Metrics
Dividend history
Long-term record of paid dividends (amount per share and dividend yield at the time of payment).
| Year | Dividend | Yield at payment | Avg. yield |
|---|---|---|---|
| 2026 | 1.30 EUR | 2.20% | 2.17% |
| 2025 | 1.15 EUR | 2.01% | |
| 2024 | 1.00 EUR | 2.64% | |
| 2023 | 0.95 EUR | 2.20% | |
| 2022 | 0.90 EUR | 2.40% | |
| 2021 | 0.85 EUR | 2.33% | |
| 2020 | 0.43 EUR | 1.48% | |
| 2020 | 0.42 EUR | 2.00% | |
| 2019 | 0.85 EUR | 3.34% | |
| 2018 | 0.85 EUR | 2.46% | |
| 2017 | 0.80 EUR | 2.07% | |
| 2016 | 0.80 EUR | 1.90% | |
| 2015 | 0.70 EUR | 1.53% | |
| 2014 | 0.60 EUR | 1.86% | |
| 2013 | 0.55 EUR | 2.16% |
Earnings history & estimates
Historical earnings performance shows how consistently the company meets or exceeds analyst expectations. Forward estimates provide insight into expected profitability and growth trajectory.
Historical earnings performance
Upcoming earnings report
Analyst estimates for upcoming periods
Key financial figures
Selected income statement, balance sheet and cash flow figures. Annual and quarterly, based on reported IFRS/GAAP financials.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 5.50B | 5.42B | 5.37B | 5.16B | 4.70B |
| Operating income (EBIT) | 639.78M | 593.03M | 504.90M | 466.88M | 380.90M |
| Net income | 414.01M | 385.04M | 392.76M | 401.43M | 305.17M |
| Free cash flow | 472.94M | 473.01M | 305.21M | 265.53M | 552.15M |
| Total assets | 6.09B | 6.03B | 5.95B | 5.92B | 5.87B |
| Equity | 2.45B | 2.42B | 2.40B | 2.28B | 2.08B |
| Net debt | -378.94M | -326.14M | -367.19M | -329.97M | -499.66M |
PWP Leeway UG (haftungsbeschränkt)
