GEA : gains further momentum in second quarter – significant rise in order intake and earnings

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's revenue, at EUR 1,156 million in the second quarter of 2021, was down 0.8 percent on the prior-year figure (EUR 1,165 million) due to exchange rate effects and divestments. In organic terms, however, revenue grew 3.4 percent. The share of service revenue increased by a further 1.1 percentage points in the quarter under review and now accounts for 33.8 percent of total revenue (previous year: 32.7 percent). Revenue in the first half of 2021, at EUR 2,221 million, was similarly 1.7 percent below the comparable figure for the prior year (EUR 2,258 million). On an organic basis, however, revenue was up, with growth of 2.8 percent.