Brief: Krones Q1 Revenue Up By 21.4%

Krones AG

05/05/2023 05:49

May 5 (Reuters) - KRONES AG  KRNG.DE :
    * KRONES IS CONFIDENT OF MEETING FORECAST FOR 2023
    * BASED ON POSITIVE FIRST-QUARTER TREND, KRONES IS CONFIDENT
OF
MEETING FORECAST FOR 2023. FOR FULL YEAR, COMPANY EXPECTS
REVENUE GROWTH OF 8% TO 11%, AN EBITDA MARGIN OF 9% TO 10% AND
ROCE OF 15% TO 17%
    * FOR FULL YEAR, COMPANY EXPECTS REVENUE GROWTH OF 8% TO
11%, AN
EBITDA MARGIN OF 9% TO 10% AND ROCE OF 15% TO 17%
    * FY ORDER INTAKE OF EUR 1,513.1 MILLION WAS ONLY 2.6% BELOW
VERY
HIGH LEVEL IN Q1 OF 2022 (EUR 1,553.8 MILLION)
    * Q1 REVENUE BY 21.4% TO EUR 1,198.8 MILLION
    * OUTLOOK 2023: KRONES EXPECTS CONSOLIDATED REVENUE GROWTH
OF 8%
TO 11%
    * AT GROUP LEVEL, KRONES IS FORECASTING AN EBITDA MARGIN OF
9% TO
10% FOR 2023 (2022: 8.9%)
    * FOR THIRD PERFORMANCE TARGET, ROCE, KRONES EXPECTS AN
INCREASE
IN CURRENT YEAR TO BETWEEN 15% AND 17% (2022: 14.1%)
    * EARNINGS BEFORE TAXES (EBT) FROM JANUARY TO MARCH WENT UP
BY
51.7%, FROM EUR 54.7 MILLION IN PREVIOUS YEAR TO EUR 83.0
MILLION IN 2023
    * ORDER INTAKE OF EUR 1,513.1 MILLION WAS ONLY 2.6% BELOW
VERY
HIGH LEVEL IN Q1 OF 2022 (EUR 1,553.8 MILLION)

Source text for Eikon:  ID:nEQ2CC2t8a 
Further company coverage:  KRNG.DE 

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