Mechanical engineer Gea is giving away a Tesla to vaccinated people

by time news

Dhe plant and mechanical engineering company Gea has launched a lottery to convince more employees to be vaccinated. In the fall, six people are to be drawn from the workforce, of whom the main winner will be allowed to drive a Tesla for two years at company expense, and five other employees will get an electric bike. “We are of the firm opinion that the only way out of the pandemic is a high vaccination rate,” says CEO Stefan Klebert.

So that there are no problems with data protection, a commissioned notary takes six names from the entirety of the employees, contacts them and asks whether they want to disclose their vaccination status. Nobody in the company finds out if the lot hits someone who has not been vaccinated or someone who wants to keep their vaccination status to themselves. Klebert does not know how high the vaccination rate is in the company – also with reference to data protection – but the company boss assumes that it is higher than the national average.

Incoming orders are picking up

Gea cannot complain about a lack of demand for its core products: In the second quarter, incoming orders rose by a quarter to almost 1.3 billion euros. The same quarter of the previous year was adversely affected by Corona, but unlike other mechanical engineering companies, Gea was not as badly affected by a decline in orders. The Düsseldorf-based M-Dax group manufactures cooling machines for food manufacturers and milk producers, but also supplies the chemical and pharmaceutical industries.

Operating earnings before interest, taxes, depreciation and amortization (Ebitda) and before restructuring expenses rose in the second quarter by 9.4 percent to 153.7 million euros, which corresponds to an Ebitda margin of 13.3 percent. The bottom line was that the consolidated result increased by 70 percent to EUR 76.9 million after EUR 45.2 million in the same period of the previous year. “That shows that the company is on the right track and that all of the efficiency programs are paying off,” said Klebert.

In the past, Gea had missed its profit targets several times. When he took office in 2019, Klebert cut hundreds of jobs in the company and launched a cost-saving program with a new corporate structure. Like other machine builders, Gea is currently feeling the bottlenecks in the global supply chains, especially for components for systems such as control technology and hydraulics. “That crunches every now and then, but we believe we can manage it,” says Klebert.

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