Brief: Krones Plans To Pay Dividend Of 2.20 Eur Per Share

Krones AG

22/03/2024 08:04

March 22 (Reuters) - KRONES AG  KRNG.DE :
    * PLANS TO PAY DIVIDEND OF EUR 2.20 PER SHARE FOR SUCCESSFUL
2023
FINANCIAL YEAR
    * FORECASTS REVENUE GROWTH OF 9% TO 13% WITH AN IMPROVED
EBITDA
MARGIN OF 9.8% TO 10.3% AND ROCE OF 17% TO 19%
    * FORECAST FIGURES INCLUDE EFFECTS OF ACQUISITION OF NETSTAL
MASCHINEN AG, WHICH IS STILL TO BE FINALISED
    * INCREASES FY EBITDA MARGIN TO 9.7% (PREVIOUS YEAR: 8.9%)
    * AT GROUP LEVEL FOR 2024, COMPANY EXPECTS AN EBITDA MARGIN
OF
9.8% TO 10.3%
    * OUTLOOK 2024 RETURN ON CAPITAL EMPLOYED (ROCE), KRONES
AIMS FOR
AN INCREASE THIS YEAR TO BETWEEN 17% AND 19%

Source text for Eikon:  ID:nEQ9ZXsZJa 
Further company coverage:  KRNG.DE 

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