GEA Group

GEA Group is a major industrial engineering and manufacturing corporation that supplies advanced brewing equipment, including the specialized machinery required for dealcoholization (such as vacuum distillation units).

Because global brewers like anheuser-busch-inbev and asahi-group-holdings deliberately obscure the exact capital expenditure (CAPEX) and operational expenditure (OPEX) of dealcoholization in their public earnings calls, analysts and researchers must often look to equipment manufacturers like GEA Group to understand the true baseline costs of producing 0.0% beer. The high fixed costs of purchasing and operating GEA Group machinery contribute significantly to the under-absorption-of-fixed-costs for brewers who lack massive global scale.