Gea Group Aktiengesellschaft · XETR:G1A
Gea Group Aktiengesellschaft — Gea Group Ag Ord — Q2 2026 Earnings Presentation
39 slides from Gea Group Aktiengesellschaft's earnings presentation, Aug 10, 2026
Slide 1: Q2 2026 Results
Q2 2026 Results Stefan Klebert, CEO Alexander Kocherscheidt, CFO Düsseldorf, August 10, 2026
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements. Forward-looking statements may include, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. Statements wit
Slide 3: Highlights Q2 2026
Highlights Q2 2026 Stefan Klebert, CEO Q2 2026 Results 3
Slide 4: Third share buyback program within 6 years launched
Third share buyback program within 6 years launched Total volume: Share buyback volume of €1.2bn between 2021 and 2027 Up to €500 million In €m 500 Duration: 400 Until end of 2027 300 Tranches: 2 tranches; 1st tranche of up to €250m starts in 234 August; will be executed within next 7 months 207 Can
Slide 5: Executive Summary Q2 2026
Executive Summary Q2 2026 Top-line growth accelerated while profitability improved further Δ Δ €m Q2 26 Q2 25 reported organic Two large orders (>€15m) totaling €34m vs. no large order in Q2 Order intake 1,495 1,309 14.2% 15.4% 25; strong growth in all order sizes Sales 1,442 1,312 10.0% 11.0% Stron
Slide 6: Therefore, we raised our guidance for FY 2026
Therefore, we raised our guidance for FY 2026 Organic sales growth EBITDA margin ROCE1 (currency and portfolio adjusted) (Before restructuring expenses) (Before restructuring expenses) % YoY % % 6.0-8.0 17.0-17.4 36.0-40.0 (prior 5.0-7.0) (prior 16.6-17.2) (prior 34.0-38.0) (FY 2025: 3.7%) (FY 2025:
Slide 7: GEA named Germany's most sustainable company
GEA named Germany’s most sustainable company TIME and Statista evaluated over 5,000 companies globally and have named 750 companies doing best for the Earth. GEA ranks in Germany NO. 1 globally NO. 17 Source: World's Most Sustainable Companies of 2026 Q2 2026 Results 7
Slide 8: Thank you, investors & analysts
Thank you, investors & analysts GEA received German Investor Relations award in ‚Best ESG communication‘ ▪ based on the results of the Extel Developed Europe Executive Team Survey 2026 ▪ awarded by FINANCE Magazin and Deutscher Investor Relations Verband Q2 2026 Results 8
Slide 9: Business & Financial Review Q2 2026
Business & Financial Review Q2 2026 Alexander Kocherscheidt, CFO Q2 2026 Results 9
Slide 10: GEA Group
GEA Group Q2 26: Significant top-line growth & another meaningful YoY EBITDA1 margin increase % Organic change 10.7% Order Intake, €m Organic order intake 15.4% YoY 8.3% − Organic order intake growth in all divisions except for PFA 2,949 1,828 − Growth mainly in customer industries Dairy Processin
Slide 11: Division Pure Flow Processing (PFP)
Division Pure Flow Processing (PFP) Q2 26: Very strong top-line growth % Organic change 11.4% Order Intake, €m 8.8% Organic order intake 9.8% YoY 1,094 499 501 514 551 544 − Strong development in orders below €5m 1,006 − Growth mainly driven by customer industries Food, Dairy Processing, Beverage
Slide 12: Division Nutrition Plant Engineering (NPE)
Division Nutrition Plant Engineering (NPE) Q2 26: Very strong catch-up from a slow first quarter % Organic change Organic order intake 41.7% YoY Order Intake, €m − Two large orders (>€15m) totaling €34m in Dairy Processing 17.8% 15.6% 835 vs. no large order in Q2 2025; orders between €1m and €15m
Slide 13: Division Pharma & Food Applications (PFA)
Division Pharma & Food Applications (PFA) Q2 26: Strong sales growth & substantial YoY EBITDA1 margin improvement % Organic change Order Intake, €m 1.8% Organic order intake -9.6% YoY 4.3% 308 − Base orders (<€1m) up YoY; medium-size orders down 531 270 274 508 263 234 − €1m negative FX translatio
Slide 14: Division Farm Technologies (FT)
Division Farm Technologies (FT) Q2 26: Significant top-line improvement % Organic change Order Intake, €m Organic order intake 11.4% YoY 12.5% 10.5% - Very strong development in orders below €1m in size 421 465 207 205 241 236 230 - Growth driven by automated and conventional milking systems - €1m
Slide 15: Strong EBITDA performance in H1 and Q2 2026
Strong EBITDA1 performance in H1 and Q2 2026 Positive contribution by all divisions in both time periods H1 26 EBITDA1 growth contribution by divisions in €m Q2 26 EBITDA1 growth contribution by divisions in €m -6 456 3 -4 251 16 11 13 11 2 16 13 415 217 EBITDA PFP NPE PFA FT Other / EBITDA EBITDA P
Slide 16: Net Working Capital performance
Net Working Capital performance NWC/sales ratio favorably at the bottom of the guided corridor ▪ YoY NWC reduction due to a combination of higher contract liabilities (advance payments) and higher trade payables ▪ NWC ratio with 7.0% at the lower end of the guided corridor 1,000 €m 20% of 7.0 – 9.0%
Slide 17: Outstanding cash generation
Outstanding cash generation FCF Free Cash Flow Q2 26, €m ▪ NWC -€12m: outflow mainly driven by -12 -21 -7 higher inventories -26 -39 ▪ Others -€26m: mainly related to VAT 5 -14 251 -7 ▪ Positive FCF of €151m 185 151 131 EBITDA Delta NWC Taxes Cash-out Others Operating Capex Others Free Cash Lease In
Slide 18: Solid cash conversion of 54% in L4Q
Solid cash conversion1 of 54% in L4Q Free Cash Flow H1 26, €m FCF generation during L4Q per Q2 26, €m -218 -190 151 456 -54 470 -8 483 -116 60 -72 -27 -39 -33 -83 52 -11 EBITDA Delta NWC Taxes Cash-out Others Operating Capex Others Free Cash Lease Interests Net Cash Q3 25 Q4 25 Q1 26 Q2 26 Q2 26 L4Q
Slide 19: Outlook FY 2026
Outlook FY 2026 Stefan Klebert, CEO Q2 2026 Results 19
Slide 20: Raised guidance for FY 2026
Raised guidance for FY 2026 Organic sales growth EBITDA margin ROCE1 (currency and portfolio adjusted) (Before restructuring expenses) (Before restructuring expenses) % YoY % % 6.0-8.0 17.0-17.4 36.0-40.0 (prior 5.0-7.0) (prior 16.6-17.2) (prior 34.0-38.0) (FY 2025: 3.7%) (FY 2025: 16.5%) (FY 2025:
Slide 21: Roadmap for 2026
Roadmap for 2026 Nov 09, Mar 08, Today 2026 2027 Q2 Q3 FY/Q4 2026 2026 2026 Q2 2026 Results 21
Slide 22: Appendix
Appendix Q2 2026 Results 22
Slide 23: GEA – Q2 2026 figures
GEA – Q2 2026 figures Sales by Customer Industry (L4Q) [in €m] Q2 25 Q2 26 Δ YoY L4Q Q2 25 L4Q Q2 26 Δ YoY Order Intake 14,2% 9,4% 1.309,1 1.494,7 5.622,6 6.149,0 Organic 1 15,4% 12,2% 14% Dairy Farming 11% YoY 16% Dairy Processing 19% YoY Sales 10,0% 3,9% Food 1% YoY 1.311,8 1.442,5 5.427,9 5.640,8
Slide 24: Pure Flow Processing – Q2 2026 figures
Pure Flow Processing – Q2 2026 figures Sales by Customer Industry (L4Q) [in €m] Q2 25 Q2 26 Δ YoY L4Q Q2 25 L4Q Q2 26 Δ YoY Order Intake 9,1% 6,6% 498,5 543,7 1.978,4 2.108,5 0% Dairy Farming n.a Organic 1 9,8% 9,7% 21% Dairy Processing 16% YoY Sales 12,3% 3,6% Food -8% YoY 469,5 527,2 1.950,1 2.019
Slide 25: Nutrition Plant Engineering – Q2 2026 figures
Nutrition Plant Engineering – Q2 2026 figures Sales by Customer Industry (L4Q) [in €m] Q2 25 Q2 26 Δ YoY L4Q Q2 25 L4Q Q2 26 Δ YoY Order Intake 39,7% 12,5% 401,6 561,2 2.054,3 2.310,1 11% Organic 1 41,7% 14,9% Dairy Farming n.a 0% Dairy Processing 19% YoY Sales 9,9% 2,1% Food 23% YoY 449,9 494,2 1.9
Slide 26: Pharma & Food Applications – Q2 2026 figures
Pharma & Food Applications – Q2 2026 figures Sales by Customer Industry (L4Q) [in €m] Q2 25 Q2 26 Δ YoY L4Q Q2 25 L4Q Q2 26 Δ YoY Order Intake -10,8% 1,5% 262,9 234,5 1.070,3 1.086,1 0% Dairy Farming 20% YoY Organic 1 -9,6% 4,2% 23% Dairy Processing n.a Sales 6,0% 2,8% Food 0% YoY 262,2 277,9 1.042,
Slide 27: Farm Technologies – Q2 2026 figures
Farm Technologies – Q2 2026 figures Sales by Customer Industry (L4Q) [in €m] Q2 25 Q2 26 Δ YoY L4Q Q2 25 L4Q Q2 26 Δ YoY Order Intake 10,9% 18,8% 207,0 229,5 767,2 911,7 Organic 1 11,4% 21,7% Dairy Farming 11% YoY Dairy Processing n.a Sales 14,9% 10,9% Food n.a 182,3 209,5 745,0 826,0 Organic 1 15,4
Slide 28: Good order intake development
Good order intake development Order 6,500 intake rolling L4Q in €m 6,149 5,924 5,963 6,500 6,000 5,679 5,716 5,694 5,694 5,593 5,615 5,570 5,553 5,603 5,623 5,484 5,469 5,500 5,254 5,215 6,000 5,162 5,000 5,500 4,500 4,000 5,000 3,500 4,500 3,000 2,500 4,000 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23
Slide 29: Service sales
Service sales 592 599 571 548 529 102 525 526 103 525 514 100 97 91 96 98 93 96 98 101 93 90 93 86 91 90 86 164 180 155 150 140 141 InsertPicture 135 140 137 224 250 227 237 226 243 220 221 221 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 PFP NPE PFA FT Figures are shown in EUR million. Tot
Slide 30: Order intake split as of Q2 2026 L4Q
Order intake split as of Q2 2026 L4Q: Top 30 countries account for 86% of order intake Top DM Countries Share Delta LTM % BtB Top EM Countries Share Delta LTM % BtB United States 19% 1,19 China 7% 1,04 Germany 9% 1,13 Poland 3% 0,89 Spain 4% 1,27 India 3% 1,13 Netherlands 4% 1,08 Algeria 3% 5,52 Uni
Slide 31: FX development
FX development FX rates Jun Δ FX YoY Jun 2026 vs Currency % total Jun YTD * YTD Jun 2025 (average) EUR 44% - - USD 19% 1,17 7% CNY 5% 8,01 1% DKK 5% 7,47 0% GBP InsertPicture 4% 0,87 3% PLN 3% 4,24 0% CAD 2% 1,61 4% BRL 2% 6,01 -4% INR 2% 108,59 15% NZD 2% 1,99 6% AUD 1% 1,66 -4% *Share of functiona
Slide 32: Strong financial position and solid financial flexibility
Strong financial position and solid financial flexibility Maturity structure cash credit lines (€m) Finance KPIs End of End of €m Δ Maturity/Year Limit Utilized Comments Q2 26 Q2 25 Committed syndicated liquidity Cash and cash equivalents 333 298 back-up credit facility of 2028 650 0 - Bank liabil
Slide 33: Additional financial information for FY 2026
Additional financial information for FY 2026 Depreciation & Financial result Tax rate Capex R&D (as % of sales) Amortization (incl. PPA, IFRS 16)1 around around between around around €230m -€30m 28-30%2 €240m 3% thereof impact from PPA around €10m 1 Before restructuring expenses I 2 Estimation does
Slide 34: Divisional guidance FY 2026 raised
Divisional guidance FY 2026 raised Revenue development (organic1) Forecast for 2026 2025 EBITDA margin before restructuring Forecast for 2026 2025 Pure Flow Processing +4.5% to +7.0% €1,953m Pure Flow Processing 27.0% to 28.5% 26.7% Nutrition Plant Engineering +7.0% to +9.0% €1,955m Nutrition Plant
Slide 35: Historical timeline (1/4)
Historical timeline (1/4) Order Intake €m Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Q2 25 Q3 25 Q4 25 FY 25 Q1 26 Q2 26 PFP 504 470 455 517 1.946 507 499 501 514 2.020 551 544 NPE 457 466 509 662 2.094 482 402 454 835 2.172 460 561 PFA 259 254 238 302 1.052 268 263 270 308 1.109 274 234 FT 199 158 161 185
Slide 36: Historical timeline (2/4)
Historical timeline (2/4) Order Backlog €m Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Q2 25 Q3 25 Q4 25 FY 25 Q1 26 Q2 26 PFP 786 788 744 747 747 760 757 767 743 743 816 815 NPE 1.576 1.544 1.518 1.625 1.625 1.650 1.551 1.501 1.725 1.725 1.783 1.845 PFA 648 659 631 654 654 669 657 662 677 677 686 652 FT 28
Slide 37: Historical timeline (3/4)
Historical timeline (3/4) Depreciation & amortization2 €m Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Q2 25 Q3 25 Q4 25 FY 25 Q1 26 Q2 26 PFP (14) (14) (15) (16) (60) (15) (17) (16) (18) (66) (16) (17) NPE (10) (10) (10) (11) (40) (10) (10) (10) (13) (42) (10) (10) PFA (8) (9) (9) (17) (44) (9) (9) (9) (16)
Slide 38: Historical timeline (4/4)
Historical timeline (4/4) EBITDA margin Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Q2 25 Q3 25 Q4 25 FY 25 Q1 26 Q2 26 PFP 24,7% 25,1% 24,7% 25,4% 25,0% 26,0% 27,7% 26,2% 24,8% 26,1% 26,2% 27,1% NPE 6,7% 7,6% 11,4% 10,5% 9,2% 9,2% 9,7% 11,0% 12,8% 10,9% 7,8% 10,9% PFA 8,5% 10,1% 10,1% 8,1% 9,2% 11,7% 12,9%
Slide 39: GEA.com
| Engineering for a better world. GEA.com