EQS-News

Krones plans to pay dividend of €2.20 per share for successful 2023 financial year

EQS-News: Krones AG / Key word(s): Annual Results Krones plans to pay dividend of €2.20 per share for successful 2023 financial year 22.03.2024 / 09:00 CET/CEST The issuer is solely responsible for the content of this announcement. 22 March 2024

 

Krones plans to pay dividend of €2.20 per share for successful 2023 financial year

• Today Krones published its  Annual Report 2023 and confirmed its preliminary figures.
• At the Annual General Meeting for 2023, the Executive Board and Supervisory Board will propose a dividend of €2.20 per share, an increase of 25.7% on the previous year (2022: €1.75 per share).
• Krones will continue its profitable growth in 2024. For the Group, 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%. The forecast figures include the effects of the acquisition of Netstal Maschinen AG, which is still to be finalised.
• Sustainability performance also developed positively in the financial year 2023.
   

Today Krones published its Annual Report 2023. This also contains the company’s non-financial statement in a separate section of the group management report. 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.

Continued high demand for Krones products in the financial year 2023

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%).

Following extremely strong ordering activity from customers in 2022, order intake continued to develop very well. The contract value of orders amounted to €5,376.6 million in 2023 (previous year: €5,782.8 million). Due to the strong customer demand, the order backlog increased further despite the revenue growth. At €4,122.3 million, it was 18.9% or €655.9 million higher at the end of 2023 than a year earlier (€3,466.4 million).