Brief: Krones Q1 EBITDA Margin At 10.1%

Krones AG

03/05/2024 05:50

May 3 (Reuters) - KRONES AG  KRNG.DE :
    * EBITDA MARGIN IMPROVED FROM 9.6% IN PREVIOUS YEAR TO 10.1%
    * AT EUR 1,482.7 MILLION, CONTRACT VALUE OF ORDERS IN Q1 OF
2024
WAS CLOSE TO VERY HIGH LEVEL SEEN IN PREVIOUS YEAR (EUR 1,513.1
MILLION)
    * AT END OF MARCH 2024, COMPANY HAD AN ORDER BACKLOG
TOTALLING EUR
4,357.9 MILLION
    * EBITDA WENT UP BY 9.1% YEAR ON YEAR BETWEEN JANUARY AND
MARCH
2024, FROM EUR 114.9 MILLION TO EUR 125.4 MILLION.
    * EBT CLIMBED BY 7.2% IN Q1 OF 2024, FROM EUR 83.0 MILLION
TO EUR
89.0 MILLION
    * EBT MARGIN CONSEQUENTLY ROSE FROM 6.9% TO 7.1%
    * CONSOLIDATED NET INCOME IMPROVED BY 3.6% IN REPORTING
PERIOD,
FROM EUR 63.5 MILLION IN PREVIOUS YEAR TO EUR 65.8 MILLION
    * EARNINGS PER SHARE OF EUR 2.08
    * FREE CASH FLOW EXCLUDING M&A ACTIVITIES INCREASED
SIGNIFICANTLY
TO EUR 184.2 MILLION
    * CONFIRMS FULL-YEAR FINANCIAL TARGETS FOR 2024

Source text for Eikon:  ID:nEQ2BmhFHa 
Further company coverage:  KRNG.DE 

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