Brief: Krones Has Confirmed Guidance For 2024

Krones AG

31/07/2024 05:50

July 31 (Reuters) - KRONES AG  KRNG.DE :
    * KRONES REPORTS VERY GOOD FIRST HALF-YEAR 2024 –
SIGNIFICANT
INCREASE IN REVENUE AND PROFITABILITY
    * KRONES HAS CONFIRMED GUIDANCE FOR 2024
    * EBITDA MARGIN INCREASED DESPITE HIGH MATERIAL AND LABOUR
COSTS
FROM 9.5% IN PREVIOUS YEAR TO 10.0%, WHICH IS WITHIN GUIDANCE
RANGE FOR FULL YEAR 2024
    * COMPANY SIGNIFICANTLY INCREASED FREE CASH FLOW (BEFORE M&A
ACTIVITIES) TO +EUR 127.0 MILLION BETWEEN JANUARY AND JUNE
(PREVIOUS YEAR: -EUR 131.2 MILLION)
    * KRONES HAS CONFIRMED GUIDANCE FOR 2024
    * AT EUR 1,310.2 MILLION, ORDER INTAKE EXCEEDED ALREADY HIGH
PRIOR-YEAR FIGURE (EUR 1,272.8 MILLION) BY 2.9%
    * IN FIRST SIX MONTHS, CONTRACT VALUE OF ORDERS WENT UP BY
0.3% ON
STRONG PREVIOUS YEAR, FROM EUR 2,785.9 MILLION TO EUR 2,792.9
MILLION
    * FROM APRIL TO JUNE 2024, REVENUE INCREASED BY 16.7% YEAR
ON YEAR
TO EUR 1,309.0 MILLION
    * IN FIRST SIX MONTHS OF 2024, KRONES' REVENUE CLIMBED BY
10.1%
YEAR ON YEAR, FROM EUR 2,320.9 MILLION TO EUR 2,556.1 MILLION
    * ORDER BACKLOG THUS GREW BY 5.7% RELATIVE TO 2023 YEAR-END
(EUR
4,122.3 MILLION)
    * EBITDA OF EUR 130.8 MILLION IN Q2 OF 2024 WAS 22.8% HIGHER
THAN
IN PREVIOUS YEAR
    * EBT IMPROVED BY 23.8% TO EUR 96.7 MILLION
    * CONSOLIDATED NET INCOME INCREASED BY 19.5% TO EUR 69.2
MILLION
    * EARNINGS PER SHARE CONSEQUENTLY AMOUNTED TO EUR 2.19
(PREVIOUS
YEAR: EUR 1.83)

Source text for Eikon:  ID:nEQ1KY22Da 
Further company coverage:  KRNG.DE 

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