Profile
GEA is a world leader in the supply of equipment and project management for a wide range of processing industries. Its technology and services focus on components and manufacturing solutions for various markets, particularly in the Food & Beverage and Pharmaceutical sectors. The company employs more than 18,200 people worldwide.
2.3%
Portfolio value 09/30/2023
2.6%
Net dividend 12/31/2022
Investment case
The Processing Equipment sectors in which GEA is present combine favorable long-term trends with consolidation opportunities:
- Growing Food & Beverage end markets
- Pharmaceutical end markets driven by ageing population and increasing health awareness
- Continuing focus on safety and quality in both Food & Beverages and Pharmaceuticals
- Greater interest in energy-efficient automation
- Fragmented market with smaller specialty players
GEA offers significant upside potential:
- #1 or #2 positions in most of its markets
- Unique technology, know-how, innovation (e.g. in "new food") and ESG leadership
- Proven management team focusing on accelerating organic growth and improving profitability
- Solid cash generation and balance sheet
- Well positioned to seize consolidation opportunities
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Supervisory Board 1/12*
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Presiding and Sustainability Committee 1/4*
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Nomination Committee 1/3*
- Supervisory Board Presiding and Sustainability Committee Nomination Committee
* Number of GBL's representatives in statutory bodies in relation to the total number of members. Governance information is dated 06/30/2023, except where superseded by more recent public disclosures.