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ALFVY - A Fresh Start For GEA Group But Old Problems Linger
Alfa Laval AB ADR
It is a little hard to believe just how bad things got under the now-former leadership of GEA Group (GEAGY) (G1AG.XE), as the company posted numerous profit warnings and misses over the last three years, the latest of which (just before new CEO Stefan Klebert took over) saw an adjusted EBITDA outlook for 2019 almost 20% below the prior sell-side average.
As it stands today, there’s a lot of work that needs doing at GEA Group. From product design and quality control to a thorough portfolio review, to cost/efficiency initiatives to IT harmonization,