Krones significantly increased free cash flow before M&A activities to +€184.2 million in the first quarter of 2024 (previous year: –€21.0 million).
Key Points:
- Krones significantly increased free cash flow before M&A activities to +€184.2 million in the first quarter of 2024 (previous year: –€21.0 million).
- Following the very positive first-quarter trend, Krones has confirmed the guidance for the full year 2024.
- The company expects revenue growth of 9% to 13%, an EBITDA margin of 9.8% to 10.3% and ROCE of 17% to 19%.
- Order intake up significantly on preceding quarter, revenue growth fully on target
As the global leader, Krones was able to take advantage of the good market conditions.
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Retrieved on:
Wednesday, April 10, 2024
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Retrieved on:
Wednesday, April 10, 2024
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Krones The steeply rising demand for resource-efficient, low-emission machinery, systems and solutions will contribute significantly to the continuation of Krones’ profitable growth course.
Key Points:
- The steeply rising demand for resource-efficient, low-emission machinery, systems and solutions will contribute significantly to the continuation of Krones’ profitable growth course.
- Alongside digitalisation and service quality, sustainability is a strategic focus for Krones and is the most important driver of innovation and growth.
- Krones increased revenue by 12.2% in the financial year 2023 compared to 2022, from €4,209.3 million to €4,720.7 million.
- The company thus exceeded the upgraded growth target of 11% to 13% published in July 2023 (previously: 8% to 11%).
Retrieved on:
Wednesday, April 10, 2024
In the press release dated 7 February 2024, Krones announced the signing of the contract for the acquisition of 100% of the shares in Netstal Maschinen AG (Netstal), based in Näfels, Switzerland.
Key Points:
- In the press release dated 7 February 2024, Krones announced the signing of the contract for the acquisition of 100% of the shares in Netstal Maschinen AG (Netstal), based in Näfels, Switzerland.
- The acquisition of the injection molding technology company is thus final.
- Krones will consolidate Netstal in the Filling and Packaging Technology segment as from 28 March 2024.
- As a leading supplier of injection moulding machines for the beverage market (PET preforms and closures), Netstal is a perfect strategic fit for Krones.
Retrieved on:
Wednesday, April 10, 2024
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Zero
Retrieved on:
Wednesday, March 13, 2024
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Bookkeeping For the full year 2024, the Executive Board forecasts revenue growth of 9% to 13% with an improved EBITDA margin of 9.8% to 10.3% and ROCE of 17% to 19%.
Key Points:
- For the full year 2024, the Executive Board forecasts revenue growth of 9% to 13% with an improved EBITDA margin of 9.8% to 10.3% and ROCE of 17% to 19%.
- Based on the preliminary figures for 2023, Krones has continued on its profitable growth path and met the financial targets projected for the Group.
- Krones thus met the upgraded growth target of 11% to 13% published in July 2023 (previously: 8% to 11%).
- Krones’ EBITDA margin increased to 9.7% (previous year: 8.9%)
Despite increased procurement prices and a change in the product mix, Krones’ profitability improved significantly in 2023.
Retrieved on:
Wednesday, March 13, 2024
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Retrieved on:
Wednesday, February 7, 2024
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Retrieved on:
Wednesday, February 7, 2024
Krones has announcend about the imminent acquisition of 100% of Netstal Maschinen AG (Netstal) based in Naefels, Switzerland, from KraussMaffei in the press release dated January 29, 2024.
Key Points:
- Krones has announcend about the imminent acquisition of 100% of Netstal Maschinen AG (Netstal) based in Naefels, Switzerland, from KraussMaffei in the press release dated January 29, 2024.
- The contracting parties signed the purchase agreement yesterday.
- Krones expects the transaction to be completed within the first half of 2024.
- 07.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
