Brief: Krones Q3 Order Intake Up At EUR 1,327.7 Million

Krones AG

03/11/2023 05:50

Nov 3 (Reuters) - KRONES AG  KRNG.DE :
    * FY OUTLOOK CONFIRMS (ADDS MISSING WORD)
    * KRONES RECORDS STRONG GROWTH IN FIRST THREE QUARTERS OF
2023 AND
SIGNIFICANTLY IMPROVES PROFITABILITY
    * Q3 ORDER INTAKE IMPROVED BY 4.3% ON PREVIOUS QUARTER TO
EUR
1,327.7 MILLION
    * Q3 ORDER BACKLOG EXCEEDS EUR 4 BILLION MARK FOR FIRST TIME
AND,
AT EUR 4.09 BILLION, ENSURES CAPACITY UTILISATION IN PLANT AND
PROJECT BUSINESS THROUGH TO 2025
    * OUTLOOK 2023: AIMS TO FURTHER IMPROVE PROFITABILITY AND
FORECASTS AN EBITDA MARGIN OF 9% TO 10%
    * OUTLOOK 2023: RETURN ON CAPITAL EMPLOYED (ROCE), KRONES
EXPECTS
AN INCREASE TO BETWEEN 15% AND 17%

Further company coverage:  KRNG.DE 

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