Brief: Krones Raises Guidance For Revenue Growth In 2022

Krones AG

19/10/2022 09:05

Oct 19 (Reuters) - KRONES AG  KRNG.DE :
    * KRONES RAISES GUIDANCE FOR REVENUE GROWTH IN 2022
    * KRONES IS THEREFORE RAISING ITS GUIDANCE FOR REVENUE
GROWTH IN
FULL YEAR 2022 FROM 10% TO 12% (PREVIOUSLY 5% TO 8%)
    * DUE TO CONTINUED VERY STRONG DEMAND FOR KRONES PRODUCTS
AND
SERVICES, AS WELL AS GOOD MANAGEMENT OF SUPPLY CHAIN SHORTAGES,
COMPANY EXPECTS TO MAINTAIN GOOD PRODUCTION CAPACITY UTILISATION
IN Q4 OF 2022
    * EXECUTIVE BOARD IS CONFIDENT OF REACHING UPPER END OF
TARGET
RANGE FOR BOTH FIGURES
    * EXECUTIVE BOARD IS CONFIDENT OF REACHING UPPER END OF
TARGET
RANGE FOR BOTH FIGURES
    * BASED ON CURRENT PLANNING, KRONES IS THEREFORE RAISING ITS
GUIDANCE FOR REVENUE GROWTH IN FULL YEAR 2022 FROM 10% TO 12%
(PREVIOUSLY 5% TO 8%)
    * THESE FORECASTS ARE SUBJECT TO RESERVATION THAT WAR IN
UKRAINE
DOES NOT FURTHER ESCALATE, CORONAVIRUS SITUATION DOES NOT WORSEN
AND THERE ARE NO SIGNIFICANT ENERGY SHORTAGES
    * THIS MEANS COMPANY CONTINUES TO EXPECT AN EBITDA MARGIN OF
8% TO
9% AND ROCE OF 10% TO 12% IN 2022. EXECUTIVE BOARD IS CONFIDENT
OF REACHING UPPER END OF TARGET RANGE FOR BOTH FIGURES

Source text for Eikon:  ID:nEQ8Kx8DGa 
Further company coverage:  KRNG.DE 
 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))