Gea Group - GEAGF STOCK NEWS

Welcome to our dedicated page for Gea Group news (Ticker: GEAGF), a resource for investors and traders seeking the latest updates and insights on Gea Group stock.

GEA Group Aktiengesellschaft (GEA Group AG) is a global leader in providing systems and components for the food, beverage, and pharmaceutical industries. Founded in 1881, the company focuses on machinery, plants, advanced process technology, components, and services. With over 18,000 employees operating in 62 countries, GEA generated revenues exceeding EUR 5.1 billion in fiscal year 2022. GEA's solutions enhance production efficiency and sustainability, contributing to the reduction of CO2 emissions, plastic usage, and food waste. The company's mission is to engineer for a better world.

02/14/2024 05:20 AM

News

GEA Invests EUR 18 million in Technology Center for Alternative Proteins in the USA

Rhea-AI Summary

GEA invests EUR 18 million in a technology center for alternative proteins in the USA to cater to the increasing demand for sustainable food options. The center in Wisconsin will focus on pilot testing microbial, cell-based, and plant-based foods, aiming to bridge the gap in the innovation landscape of the new food market. The groundbreaking is scheduled for spring 2024, with the opening planned for 2025. GEA's investment aligns with the growing trend towards alternative proteins and sustainable food production in the USA, positioning them as a key player in this emerging sector.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Mission 26: GEA Presents Growth Strategy for the Next Five Years

Rhea-AI Summary

GEA Group has unveiled its "Mission 26" strategy, aiming for an organic sales growth of 4.0 to 6.0 percent annually through 2026. The company projects record EBITDA margins exceeding 15 percent, with a target of approximately EUR 6 billion in sales by the end of the period. Key growth areas include the New Food market and enhanced digital solutions, supported by a 45 percent increase in R&D expenditure. GEA also commits to stringent climate goals, reducing its greenhouse gas emissions by 60 percent by 2030.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

FAQ

What is the current stock price of Gea Group (GEAGF)?

The current stock price of Gea Group (GEAGF) is $55.95 as of February 28, 2025.

What is the market cap of Gea Group (GEAGF)?

The market cap of Gea Group (GEAGF) is approximately 7.0B.

What is GEA Group AG?

GEA Group AG is a global leader providing systems and components for the food, beverage, and pharmaceutical industries.

When was GEA Group AG founded?

GEA Group AG was founded in 1881.

What is the focus of GEA Group AG?

GEA Group AG focuses on machinery, plants, advanced process technology, components, and services.

How many employees does GEA Group AG have?

GEA Group AG has over 18,000 employees operating in 62 countries.

What was GEA Group AG's revenue in fiscal year 2022?

GEA Group AG generated revenues exceeding EUR 5.1 billion in fiscal year 2022.

What is GEA Group AG's mission?

GEA Group AG's mission is to engineer for a better world, enhancing production efficiency and sustainability.

In which stock indices is GEA Group AG listed?

GEA Group AG is listed in the German MDAX, STOXX® Europe 600 Index, DAX 50 ESG, MSCI Global Sustainability, and Dow Jones Sustainability World Indices.