Krones AG
KRN
ISIN DE0006335003 / Valor 945454
Krones AG
UMushroom community rating:
About company
Krones AG, headquartered in Neutraubling, Germany, is a leading global technology group specializing in the development, manufacturing, and sale of machinery and complete lines for the packaging and production processes of the beverage, food, chemical, cosmetics, and pharmaceutical industries. Founded in 1951, the company has grown to employ approximately 18,500 people worldwide, with consolidated sales reaching 4.72 billion euros in 2023. With a strong international presence, Krones boasts a network of over 100 subsidiaries, including production, sales, and service companies across the globe. The company's product portfolio encompasses individual machines, turnkey lines, and the planning and erection of entire factories, complemented by consultancy and digital services aimed at optimizing production operations. Krones’ commitment to innovation is underscored by its significant investment in research and development, ensuring its solutions cater to a wide range of processing steps from production to filling, packaging, plastics recycling, intralogistics, and digitalization. This comprehensive approach has positioned Krones as a pivotal player in the production and packaging machinery sector, serving a diverse clientele not only in the beverage sector but also in food and stimulants, as well as the chemical, cosmetics, and pharmaceutical sectors.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (14.08.2024):
Revenue Growth
In the first half of 2024, Krones AG reported a significant increase in revenue, climbing by 10.1% year on year to €2,556.1 million. This growth is within the guidance range for the full year 2024, reflecting strong demand for Krones' products and services.
Order Intake
Krones AG's order intake for the second quarter of 2024 increased by 2.9% to €1,310.2 million, surpassing the high level of the previous year. The total contract value of orders in the first six months of 2024 rose by 0.3% to €2,792.9 million, indicating robust market demand.
EBITDA Margin
Despite high material and labor costs, Krones AG achieved an increase in its EBITDA margin from 9.5% in the previous year to 10.0% in the first half of 2024. This improvement is attributed to efficiency gains and falls within the company's guidance range for the full year 2024.
Free Cash Flow
Krones AG significantly increased its free cash flow (before M&A activities) to +€127.0 million in the first half of 2024, compared to –€131.2 million in the previous year. This positive trend underscores the company's strong financial performance and effective cash management strategies.
Full-Year Outlook
Following a very positive first half of 2024, Krones AG has confirmed its guidance for the full year. The company expects revenue growth of 9% to 13%, an EBITDA margin of 9.8% to 10.3%, and a return on capital employed (ROCE) of 17% to 19%, reflecting continued confidence in its market position and operational efficiency.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3906 M
Market cap (USD)
28,233
Daily traded volume (Shares)
119.8 / 117.2
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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EPS (USD)
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Ratings & reviews
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