Brief: Krones 9 Months EBITDA Up At EUR 270.1 Mln

Krones AG

04/11/2022 06:03

Nov 4 (Reuters) - KRONES AG  KRNG.DE :
    * CONTINUES PROFITABLE GROWTH UNDER DIFFICULT CONDITIONS
    * ORDER INTAKE GREW IN FIRST THREE QUARTERS BY 44.1% TO EUR
4,599.7 MILLION
    * EBITDA CLIMBED BY 27.0% IN FIRST THREE QUARTERS TO EUR
270.1
MILLION
    * EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND
AMORTISATION
(EBITDA) CLIMBED BY 27.0% IN FIRST THREE QUARTERS TO EUR 270.1
MILLION
    * 9-MONTH EBITDA MARGIN WENT UP FROM 8.0% TO 8.9%.
    * 9-MONTH REVENUE INCREASED BY 15.2%, FROM EUR 2,643.0
MILLION IN
PREVIOUS YEAR TO EUR 3,043.7 MILLION
    * EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND
AMORTISATION
(EBITDA) CLIMBED BY 27.0% IN FIRST THREE QUARTERS TO EUR 270.1
MILLION
    * KRONES HAS RAISED ITS GUIDANCE FOR REVENUE GROWTH IN FULL
YEAR
2022
    * EBITDA MARGIN WENT UP FROM 8.0% TO 8.9%
    * OUTLOOK 2022: EXECUTIVE BOARD NOW EXPECTS REVENUE GROWTH
OF 10%
TO 12% (PREVIOUSLY 5% TO 8%)
    * GUIDANCE FOR OTHER TWO FINANCIAL TARGETS REMAINS UNCHANGED
    * OUTLOOK 2022: KRONES CONTINUES TO EXPECT AN EBITDA MARGIN
OF 8%
TO 9% AND ROCE OF 10% TO 12%

Source text for Eikon:  ID:nEQ6yr8NZa 
Further company coverage:  KRNG.DE 
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