Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com -- GEA Group AG (ETR:G1AG) confirmed its pre-announced second-quarter results and reiterated its upgraded full-year outlook, showing broad operational strength despite some order weakness.
The company’s shares rose 2% in Frankfurt trading as of 10:06 GMT.
Revenue came in at €1.31 billion, slightly below consensus, while operating EBITDA rose to €217 million, beating expectations by 3%.
EBIT and EPS also topped forecasts, while the operating EBITDA margin improved to 16.5%, in line with guidance and above last year’s 15.8%.
Gross profit was supported by better machine margins and a higher contribution from the Service business, which rose to 40.1% of revenue.
Orders disappointed, particularly in Liquid and Powder Technologies, and in Heating and Refrigeration, though Food and Healthcare Technologies outperformed against expectations.
Regionally, order intake was weak in APAC and North/Central Europe but improved elsewhere. Strongest end markets were dairy farming and dairy processing, while Food, Beverage, and Chemicals saw declines.
"No surprises here given the pre-announcement," said RBC Capital Markets analyst Sebastian Kuenne. "There continues to be positive dairy activity, though with unsurprisingly continued challenges to Food & Bev segments."
Free cash flow was soft at €38 million, well below consensus, due to higher capex and working capital.
GEA reiterated its upgraded 2025 guidance, expecting revenue growth of 2–4% and an operating EBITDA margin of 16.2–16.4%. Return on capital employed is forecast between 34–38%. The company continues to assume no major impact from tariffs.
"The cyclical recovery in dairy supports demand for GEA’s equipment and helps the OE/service mix. While this again boosts GEA’s margins, we remain sceptical as to GEA’s FY2030 margin target of “17-19% EBITDA”," the analysts said.