GEA is a German process technology business, designing and manufacturing heating and cooling systems and whole production lines. Deriving its revenues predominantly from strong European end-markets (particularly food and pharmaceuticals), the company is growing its profitability by acquisition of high-margin niche businesses and divestment of lower margin businesses. The pricing power of the company, vital in an inflationary environment, is founded on its ability to offer efficiency gains to its customers which outweigh their respective cost increases. On this basis, the market's fears about exposure to broader economic conditions are overdone.
| Sedol |
Type |
Price |
Date |
| 4557104 |
Buy |
EUR 22.641 |
13/06/2008 |
|
