GEA Group Aktiengesellschaft
ISIN: DE0006602006
WKN: 660200
26 September 2024 11:00AM

EQS-News: GEA and Believer Meats join forces to scale up cultivated meat production

GEA Group Aktiengesellschaft · ISIN: DE0006602006 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1995723

EQS-News: GEA Group Aktiengesellschaft / Key word(s): Alliance
GEA and Believer Meats join forces to scale up cultivated meat production (news with additional features)

26.09.2024 / 11:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


GEA and Believer Meats join forces to scale up cultivated meat production

Wilson (USA) / Duesseldorf (Germany), September 26, 2024 – Believer Meats, a pioneer in the cultivated meat industry, has signed a strategic partnership agreement with GEA, one of the world’s largest suppliers of production scale equipment and systems to the food, beverage, and pharmaceutical industries. The partnership focuses on co-developing technologies and processes to improve the unit economics and sustainability of cultivated meat production.

The companies will focus on optimizing the performance, efficiency, and environmental impact of cultivated meat production, starting with chicken and expanding to other products. This collaboration will drive advancements in bioreactor technology, perfusion systems, and media rejuvenation while reducing environmental impact through optimized water usage, power consumption, and circular economy initiatives like waste stream utilization. Together, Believer and GEA aim to lower production costs, streamline technology transfer, and scale operations efficiently to make cultivated meat more affordable and accessible.

“Believer is on track to overcome the biggest obstacles to scalability. By partnering with GEA – one of the world's foremost engineering and biotech equipment manufacturers – we are taking the next step in innovating state-of-the-art technology and process engineering capabilities needed to produce cultivated meat products at the right cost,” said Gustavo Burger, CEO of Believer. “The partnership with GEA will help maximize production yields efficiently and sustainably, which are top priorities for Believer. The cultivated meat industry is forging a new path that has never been traveled. We are thrilled to partner with GEA and are very optimistic about the future.”

“With the global population expected to reach 10 billion by 2050, there is a clear need to feed more people using fewer resources,” said Stefan Klebert, CEO of GEA. “We share Believer’s vision that cell cultivation technology is the key to making safe, healthy meat broadly available and affordable. We are excited to partner with Believer in the development and scale-up of their operations – a collaboration aligned with our purpose: ‘Engineering for a better world.’”

Believer Meats and GEA aim to enhance the cultivated meat ecosystem and bring the industry closer to full scale. Their strategic partnership also seeks to establish joint commercial ventures that will leverage the strengths and resources of both companies, expand market reach, and accelerate the growth of the cultivated meat industry globally.

As a leader in the rapidly expanding cultivated meat industry, Believer is focused on developing efficient and scalable cell-cultivation technology to produce safe, healthy, and delicious cultivated meat products. The company is currently constructing the world’s largest cultivated meat production facility in Wilson, N.C., featuring a state-of-the-art innovation center and tasting kitchen. Set to be operational at the beginning of 2025, the facility will have the capacity to produce at least 12,000 metric tons (26 million pounds) of cultivated chicken annually – without slaughtering a single animal in the production process.

GEA will develop and commission proprietary bioreactors for Believer’s cell-cultivation technology, designed to achieve high cell densities and yields. Central to this collaboration is Believer’s centrifuge-based perfusion and cell media rejuvenation process for its cell lines, which optimizes cell performance while saving water, nutrients, and resources. This process reduces production costs by removing byproducts and enabling media reuse. The companies will further collaborate on process improvements, equipment optimization, and scaling innovations to support the large-scale production of cultivated meat.

NOTE TO EDITORS


Media Relations
Anne Putz
Peter-Müller-Str. 12, 40468 Duesseldorf
Phone: +49 211 9136-1500
anne.putz@gea.com
 

About GEA

GEA is one of the world’s largest suppliers of systems and components to the food, beverage and pharmaceutical industries. The international technology group, founded in 1881, focuses on machinery and plants, as well as advanced process technology, components and comprehensive services. With more than 18,000 employees, the group generated revenues of about EUR 5.4 billion in more than 150 countries in the 2023 fiscal year. GEA plants, processes, components and services enhance the efficiency and sustainability of customer’s production. They contribute significantly to the reduction of CO2 emissions, plastic usage and food waste. In doing so, GEA makes a key contribution toward a sustainable future, in line with the company’s purpose: ”Engineering for a better world“.

GEA is listed on the German MDAX the European STOXX® Europe 600 Index and is among the companies comprising
the DAX 50 ESG, MSCI Global Sustainability as well as Dow Jones Sustainability World and Dow Jones Sustainability Europe Indices.

More information can be found online at gea.com.

If you do not want to receive any further information from GEA, please send an e-mail to pr@gea.com.

 

About Believer Meats

Believer Meats is a cultivated meat company pioneering the first scalable cultivated meat production system that can feed the world. Based in Chicago, Believer's mission is to ensure that future generations can enjoy the meat we know and love. Believer is building a better future for people, animals and the planet with meat that is delicious, sustainable, nutritious, and broadly accessible.

For more information, visit believermeats.com and follow @believermeats on Facebook, X, Instagram, and LinkedIn


Additional features:

File: Believer Meats Factory in North Carolina
File: Believer Meats salad with cultivated chicken


26.09.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: GEA Group Aktiengesellschaft
Peter-Müller-Straße 12
40468 Düsseldorf
Germany
Phone: +49 (0)211 9136-0
E-mail: ir@gea.com
Internet: www.gea.com
ISIN: DE0006602006
WKN: 660200
Indices: MDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1995723

 
End of News EQS News Service

1995723  26.09.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1995723&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f

Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 4.828,21 4.879,70 4.635,05 4.702,91 5.164,71 5.373,49 5.535,00
EBITDA1,2 431,20 374,40 478,33 569,27 654,04 713,77 808,00
EBITDA-Margin3 8,93 7,67 10,32 12,11 12,66 13,28 14,60
EBIT1,4 259,78 -109,09 221,18 379,71 460,98 519,70 0,00
EBIT-Margin5 5,38 -2,24 4,77 8,07 8,93 9,67 0,00
Net Profit (Loss)1 113,53 -170,67 96,83 305,17 401,43 392,76 0,00
Net-Margin6 2,35 -3,50 2,09 6,49 7,77 7,31 0,00
Cashflow1,7 262,66 478,00 715,22 682,00 469,33 533,57 0,00
Earnings per share8 0,63 -0,95 0,54 1,70 2,28 2,28 2,51
Dividend per share8 0,85 0,85 0,85 0,90 0,95 1,00 1,05
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: KPMG

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
GEA Group
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
660200 DE0006602006 AG 8.323,59 Mio € 01.05.1905 Kaufen 9F387QGC+6F
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
17,89 24,10 0,74 35,36 3,74 15,60 1,55
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,95 1,00 1,05 2,17%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
30.04.2025 08.05.2025 07.08.2025 06.11.2024 11.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,71%
48,30 €
ATH 50,17 €
+3,72% +16,19% +28,15% +31,04% +0,00%

Advertising is an important revenue channel for us. But we understand, that sometimes it becomes annoying. If you want to reduce the number of shown ADs just simply login to your useraccount and manage the settings from there. As registered user you get even more benefits.
          Qualitätsjournalismus · Made in Germany © 2024          
The news manufactory

Good luck with all your investments

Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.

Contact

Idea & concept: 3R Technologies   
boersengefluester.de GmbH Copyright © 2024 by Gereon Kruse #BGFL