EQS-News

Krones continues profitable growth path

EQS-News: Krones AG / Key word(s): Quarter Results Krones continues profitable growth path 03.05.2024 / 06:45 CET/CEST The issuer is solely responsible for the content of this announcement.

3 May 2024

Krones continues profitable growth path
 

• At €1,482.7 million, the contract value of orders in the first quarter of 2024 was close to the very high level seen in the previous year (€1,513.1 million) and, with an increase of 17.4%, significantly higher than the order intake in the fourth quarter of 2023 (€1,263.0 million).
• Krones’ growth is fully on track. Revenue increased by 4.0% to €1,247.1 million. Krones has consolidated the revenue of the recently acquired Netstal Maschinen AG only since 28 March 2024.
• The EBITDA margin improved from 9.6% in the previous year to 10.1%, which is within the guidance range for the full year 2024.
• 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%.
   

Krones can look back on a successful first quarter 2024. The company’s markets are largely unaffected by economic fluctuations and customers continue to be very keen to invest.

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. At €1,482.7 million, the contract value of orders from January to March 2024 was close to the very high level seen in the previous year (€1,513.1 million) and, with an increase of 17.4%, significantly higher than the order intake in the fourth quarter of 2023 (€1,263.0 million).