Profile
GEA is a world leader in the supply of equipment and project management for a wide range of processing industries. Its technology and services focus on components and manufacturing solutions for various markets, particularly in the Food & Beverage and Pharmaceutical sectors. The company employs more than 18,100 people worldwide.
1.9 %
Portfolio value 09/30/2022
3.1 %
Net dividend 12/31/2021
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
- Pharmaceutical end-markets driven by ageing population and increasing health awareness
- Continuing focus on safety and quality in both Food & Beverages and Pharmaceuticals
- Greater interest in energy efficient automation and ESG more broadly.
GEA is a global leader offering significant upside potential:
- #1 or #2 positions in most of its markets
- Unique technology, know-how, innovation as well as leadership in ESG
- Proven management team focusing on accelerating medium-term organic growth and improving profitability
- Increasing exposure to attractive margin operations such as its service segment
- Solid cash generation and balance sheet profile
- Good positioning to seize consolidation opportunities.
-
-
Supervisory Board 1/12*
-
Presiding Committee 1/4*
-
Nomination committee 1/3*
- Supervisory Board Presiding Committee Nomination committee
* Number of GBL's representatives in statutory bodies in relation to the total number of members. Governance information is dated 12/31/2021, except where superseded by more recent public disclosures.