Krones Maintains Profitable Growth Trajectory

• Krones AG reported a contract value of orders in Q1 2024 at €1,482.7 million, close to the previous year's level and 17.4% higher than Q4 2023.
• The company's revenue increased by 4.0% to €1,247.1 million, with the recently acquired Netstal Maschinen AG's revenue consolidated since 28 March 2024.
• The EBITDA margin improved from 9.6% in the previous year to 10.1%, within the guidance range for the full year 2024.
• Krones significantly increased free cash flow before M&A activities to +€184.2 million in Q1 2024, compared to -€21.0 million in the previous year.
• The company confirmed its guidance for the full year 2024, expecting revenue growth of 9% to 13%, an EBITDA margin of 9.8% to 10.3%, and ROCE of 17% to 19%.
• Despite various uncertainties including geopolitical risks and potential global supply chain problems, Krones maintains a large order backlog and expects to continue its profitable growth path.

The next important date, Publication of quarterly report as of 31.03.2024, at KRONES is on 03.05.2024.

At this time, the index MDAX was at 26.341,14PKT (+0,44 %).

KRONES

+0,16 %

-3,66 %

+1,77 %

+8,31 %

+17,04 %

+68,31 %

+70,47 %

+86,16 %

+1.367,04 %

ISIN:DE0006335003WKN:633500

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