Profile
GEA is a world leader in the supply of equipment and project management for a wide range of processing industries. Its technology focuses on components and production processes for various markets, particularly in the Food & Beverage sectors. The company employs more than 18,000 people worldwide.
2.1 %
Portfolio value 09/30/2021
3.2 %
(1) Net dividend 12/31/2020
Excluding the reimbursements by the French tax authorities of withholding taxes which had been applied to Total and ENGIE dividends
Investment case
The industry combines favorable long-term trends, consolidation opportunities and high barriers to entry:
- Food & Beverage end-markets driven by urbanization with growing middle class
- Increasing focus on food safety and quality
- Greater interest in energy efficient automation.
In this sector, GEA is a global leader that offers upside potential:
- Global leader with #1 or #2 positions in most of its markets
- Unique technology, know-how and innovation power
- New management team focusing on accelerating medium term organic growth and improving profitability
- Solid cash generation and balance sheet profile
- Good positioning to seize consolidation opportunities
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Supervisory Board 1/12*
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Presiding Committee 1/6*
- Supervisory Board Presiding Committee
* Number of GBL's representatives in statutory bodies in relation to the total number of members. Governance information is dated 12/31/2020, except where superseded by more recent public disclosures.