Gea Group Aktiengesellschaft · XETR:G1A
Gea Group Aktiengesellschaft — Gea Group Ag Ord — Q1 2026 Earnings Presentation
40 slides from Gea Group Aktiengesellschaft's earnings presentation, May 11, 2026
Slide 1: Q1 2026 Results
Q1 2026 Results Stefan Klebert, CEO Alexander Kocherscheidt, CFO Düsseldorf, May 11, 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 Q1 2026
Highlights Q1 2026 Stefan Klebert, CEO Q1 2026 Results 3
Slide 4: Executive Summary Q1 2026
Executive Summary Q1 2026 Strong start to FY 2026 I Key performance indicators improved significantly once again Δ Δ €m Q1 26 Q1 25 reported organic Three large orders (>€15m) totaling €73m vs. three large orders Order intake 1,454 1,415 2.8% 6.4% in Q1 25 of in total €83m; strong growth in orders <
Slide 5: GEA SecurityPartner
GEA SecurityPartner Leveraging in-house security expertise to the benefit of our customers ▪ Strong internal security capabilities developed over the last years GEA SecurityPartner GEA SecurityPartner GEA SecurityPartner Transparency Personnel Enablement Security Architecture ▪ New regulations & inc
Slide 6: Conflict in Middle East: No material direct impact
Conflict in Middle East: No material direct impact Middle East Syria Lebanon Iraq Iran Share of order intake Israel Jordan ~3% Kuwait Egypt Qatar Bahrain UAE Production sites none Saudi Arabia Oman Yemen FTEs ~70 From today’s point of view, the military confrontations in the Middle East are not expe
Slide 7: No material indirect implications of conflict in Middle East
No material indirect implications of conflict in Middle East Energy prices: ▪ Low energy-intensity Pro-active approach with ▪ <€30m energy bill in 2025 suppliers and own counter ▪ Majority of energy consumption already secured under fixed-price agreements until the end of the year measures Procureme
Slide 8: Opportunities arising from energy constraints
Opportunities arising from energy constraints ▪ Global supply bottlenecks in oil & LNG ▪ Rising energy costs ▪ Volatile energy markets ▪ Energy-intensive customer base ▪ Incentive for energy-efficient solutions rising ▪ Well positioned with our Add Better products and sustainable solutions portfolio
Slide 9: Add Better label for resource-efficient solutions
Add Better label for resource-efficient solutions 50 Add Better labelled Separator with products as of end of 2025 Milk and Whey Separators Advanced Water Supply Up to 48% Up to 48% less water less water Marine Separator Up to 9% Craft Beer Separator Automated Milking less energy Up to 12% GEA solut
Slide 10: Business & Financial Review Q1 2026
Business & Financial Review Q1 2026 Alexander Kocherscheidt, CFO Q1 2026 Results 10
Slide 11: GEA Group
GEA Group Q1 26: Strong organic top-line growth & another YoY EBITDA1 margin increase Order Intake, €m Organic order intake 6.4% YoY − Organic order intake growth in all divisions except for Nutrition 1,828 Plant Engineering 1,454 1,415 1,309 1,372 − Growth in customer industries Dairy Processing,
Slide 12: Division Pure Flow Processing (PFP)
Division Pure Flow Processing (PFP) Q1 26: Significant order intake growth, solid sales & further YoY EBITDA1 margin expansion Order Intake, €m Organic order intake 13.0% YoY 507 499 501 514 551 − Strong growth across all relevant order size brackets − Growth mainly driven by customer industries D
Slide 13: Division Nutrition Plant Engineering (NPE)
Division Nutrition Plant Engineering (NPE) Q1 26: Slower start into the year after record fourth quarter Organic order intake -2.1% YoY Order Intake, €m − Three large orders (>€15m) totaling €73m in Dairy Processing 835 vs. three large dairy orders totaling €83m last year; base orders (<€1m) up Yo
Slide 14: Division Pharma & Food Applications (PFA)
Division Pharma & Food Applications (PFA) Q1 26: Solid organic top-line growth & another YoY EBITDA1 margin improvement Order Intake, €m Organic order intake 5.9% YoY 308 − YoY growth mainly driven by order size between €1m and 268 270 274 263 €5m − Growth mainly in customer industries Pharma and
Slide 15: Division Farm Technologies (FT)
Division Farm Technologies (FT) Q1 26: Significant improvement in top-line & profitability Order Intake, €m Organic order intake 13.7% YoY - Very strong development in orders below €1m in size 214 207 205 241 236 - Growth mainly driven by automated milking systems in the new machine business - €8m
Slide 16: Resilient EBITDA performance continued
Resilient EBITDA1 performance continued Q1 26 EBITDA1 growth contribution by divisions in €m -1 206 12 3 198 -8 2 1 1 EBITDA Q1 25 PFP NPE PFA FT Other / Cons. EBITDA Q1 26 1 Before restructuring expenses Q1 2026 Results 16
Slide 17: Net Working Capital performance
Net Working Capital performance NWC/sales ratio favorably at the bottom of the guided corridor ▪ YoY NWC remained stable; increase in contract liabilities on the back of high large order volume in L4Q ▪ Seasonal QoQ NWC uptick 1,000 €m 20% ▪ NWC ratio with 7.0% at the lower end of the guided corrido
Slide 18: Solid net cash position
Solid net cash position FCF Free Cash Flow Q1 26, €m ▪ NWC -€206m: outflow driven by lower trade payables and higher inventories 206 -206 ▪ Others: mainly related to variable compensation-related outflows in March -33 -1 -125 2026 for FY 2025 -90 -190 -214 -33 -32 -19 -5 EBITDA Delta NWC Taxes Cash-
Slide 19: Outlook FY 2026
Outlook FY 2026 Stefan Klebert, CEO FY/Q4 Q1 2026 2025 Results Results 19
Slide 20: Guidance for FY 2026 confirmed
Guidance for FY 2026 confirmed Organic sales growth EBITDA margin ROCE1 (currency and portfolio adjusted) (Before restructuring expenses) (Before restructuring expenses) % YoY % % 5.0-7.0 16.6-17.2 34.0-38.0 (FY 2025: 3.7%) (FY 2025: 16.5%) (FY 2025: 36.2%) For divisional guidance, please refer to s
Slide 21: Roadmap for 2026
Roadmap for 2026 Aug 10, Nov 09, Today 2026 2026 Q1 Q2 Q3 2026 2026 2026 Q1 2026 Results 21
Slide 22: Questions & Answers
Questions & Answers Stefan Klebert, CEO Alexander Kocherscheidt, CFO Q1 2026 Results 22
Slide 23: Appendix
Appendix Q1 2026 Results 23
Slide 24: GEA – Q1 2026 figures
GEA – Q1 2026 figures Sales by Customer Industry (L4Q) [in €m] Q1 25 Q1 26 Δ YoY L4Q Q1 25 L4Q Q1 26 Δ YoY Order Intake 2,8% 6,4% 1.414,8 1.454,2 5.602,9 5.963,4 Organic 1 6,4% 9,8% 14% Dairy Farming 6% YoY 16% Dairy Processing 10% YoY Sales 1,2% 1,3% Food 3% YoY 1.258,4 1.273,1 5.439,4 5.510,1 Orga
Slide 25: Pure Flow Processing – Q1 2026 figures
Pure Flow Processing – Q1 2026 figures Sales by Customer Industry (L4Q) [in €m] Q1 25 Q1 26 Δ YoY L4Q Q1 25 L4Q Q1 26 Δ YoY Order Intake 8,6% 5,8% 507,1 550,5 1.949,6 2.063,3 0% Dairy Farming n.a Organic 1 13,0% 9,3% 19% Dairy Processing 7% YoY Sales 1,9% 0,9% Food -9% YoY 465,6 474,6 1.944,0 1.962,
Slide 26: Nutrition Plant Engineering – Q1 2026 figures
Nutrition Plant Engineering – Q1 2026 figures Sales by Customer Industry (L4Q) [in €m] Q1 25 Q1 26 Δ YoY L4Q Q1 25 L4Q Q1 26 Δ YoY Order Intake -4,5% 1,5% 481,8 459,9 2.118,7 2.150,5 11% Organic 1 -2,1% 4,1% Dairy Farming n.a 0% Dairy Processing 12% YoY Sales -7,8% -1,8% Food 28% YoY 433,2 399,5 1.9
Slide 27: Pharma & Food Applications – Q1 2026 figures
Pharma & Food Applications – Q1 2026 figures Sales by Customer Industry (L4Q) [in €m] Q1 25 Q1 26 Δ YoY L4Q Q1 25 L4Q Q1 26 Δ YoY Order Intake 2,1% 5,0% 267,8 273,6 1.061,6 1.114,6 0% Dairy Farming 5% YoY Organic 1 5,9% 9,0% 22% Dairy Processing n.a Sales -0,8% 3,5% Food 1% YoY 251,2 249,2 1.020,4 1
Slide 28: Farm Technologies – Q1 2026 figures
Farm Technologies – Q1 2026 figures Sales by Customer Industry (L4Q) [in €m] Q1 25 Q1 26 Δ YoY L4Q Q1 25 L4Q Q1 26 Δ YoY Order Intake 10,1% 23,7% 214,2 235,8 718,6 889,1 Organic 1 13,7% 27,5% Dairy Farming 6% YoY Dairy Processing n.a Sales 21,3% 6,1% Food n.a 166,6 202,0 752,6 798,8 Organic 1 26,0%
Slide 29: Good order intake development
Good order intake development Order 6,500 intake rolling L4Q in €m 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 Q4 23
Slide 30: Service sales
Service sales 592 599 548 529 102 525 526 103 525 514 472 97 91 96 98 93 96 98 101 90 90 93 86 91 90 86 86 164 180 150 129 140 141 InsertPicture 135 140 137 224 250 227 237 226 220 221 221 190 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 PFP NPE PFA FT Figures are shown in EUR million. Tota
Slide 31: Order intake split as of Q1 2026 L4Q
Order intake split as of Q1 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% 1,17 China 6% 0,88 Germany 9% 1,09 Poland 3% 0,92 Spain 4% 1,34 India 3% 1,18 United Kingdom 4% 1,09 Algeria 3% 7,88
Slide 32: FX development
FX development FX rates Mar % total Mar YTD Δ FX YoY Mar 2026 vs Currency YTD * Mar 2025 (average) EUR 43% - - USD 19% 1,17 11% CNY 5% 8,10 6% DKK 5% 7,47 0% GBP InsertPicture 4% 0,87 4% PLN 3% 4,24 1% INR 2% 107,12 18% CAD 2% 1,60 6% BRL 2% 6,16 0% AUD 1% 1,68 0% NZD 1% 1,98 7% *Share of functional
Slide 33: 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 Q1 26 Q1 25 Committed syndicated liquidity Cash and cash equivalents 416 371 back-up credit facility of 2028 650.0 0.0 - Bank li
Slide 34: 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 35: Divisional guidance FY 2026 confirmed
Divisional guidance FY 2026 confirmed Revenue development (organic1) Forecast for 2026 2025 EBITDA margin before restructuring Forecast for 2026 2025 Pure Flow Processing +2.5% to +5.0% €1,953m Pure Flow Processing 26.5% to 28.5% 26.9% Nutrition Plant Engineering +7.0% to +9.0% €1,955m Nutrition Pla
Slide 36: 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 PFP 504 470 455 517 1.946 507 499 501 514 2.020 551 NPE 457 466 509 662 2.094 482 402 454 835 2.172 460 PFA 259 254 238 302 1.052 268 263 270 308 1.109 274 FT 199 158 161 185 703 214 207 205 2
Slide 37: 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 PFP 786 788 744 747 747 760 757 767 743 743 816 NPE 1.576 1.544 1.518 1.625 1.625 1.650 1.551 1.501 1.725 1.725 1.783 PFA 648 659 631 654 654 669 657 662 677 677 686 FT 289 237 189 170 170 21
Slide 38: 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 PFP (14) (14) (15) (16) (60) (15) (17) (16) (18) (66) (16) NPE (10) (10) (10) (11) (40) (10) (10) (10) (13) (42) (10) PFA (8) (9) (9) (17) (44) (9) (9) (9) (16) (43) (9) FT (7)
Slide 39: 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 PFP 24,7% 25,1% 24,7% 25,4% 25,0% 26,0% 27,7% 26,2% 24,8% 26,1% 26,2% NPE 6,7% 7,6% 11,4% 10,5% 9,2% 9,2% 9,7% 11,0% 12,8% 10,9% 7,8% PFA 8,5% 10,1% 10,1% 8,1% 9,2% 11,7% 12,9% 13,2% 18,7% 14,3%
Slide 40: GEA.com
| Engineering for a better world. GEA.com