Krones AG

KRNU

Equity

ISIN null / Valor 4514608

Deutsche Boerse AG (2025-01-15)

EUR 122.20+1.33%

Krones AG
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About company

Krones AG, headquartered in Neutraubling, Germany, is a global technology group that offers tailored solutions for every production step in industries such as beverages, food, stimulants, chemicals, cosmetics, and pharmaceuticals. With over 18,500 employees worldwide and consolidated sales of 4.72 billion euros in 2023, Krones is known for its individual machines, turnkey lines, and entire factory planning and erection services. The company's integrated approach covers product development, project implementation, and ongoing service support, with a focus on optimizing production operations through consultancy and digital services. Krones' solutions encompass processing, filling, packaging, plastics recycling, intralogistics, and digitalization, catering to the production of top-quality beverages and liquid foods made from valuable raw materials. With a strong emphasis on research and development, Krones continues to evolve and provide innovative solutions to its global customer base.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Growth

Krones AG reported a significant revenue increase of 11.2% in the first three quarters of 2024, reaching €3,874.8 million. This growth aligns with the company's full-year forecast of 9% to 13% revenue growth. The third quarter alone saw a 13.2% rise in revenue compared to the previous year, driven by improved production efficiency and the acquisition of Netstal Maschinen AG.

Order Intake and Backlog

Order intake for Krones AG in the first nine months of 2024 was stable at a high level, totaling €4,116.1 million, slightly surpassing the previous year's figure. The order backlog at the end of September 2024 was €4,363.6 million, a 6.6% increase from a year earlier. This robust backlog ensures production capacity utilization through the end of 2025.

Profitability Improvement

Krones AG's profitability improved in the first three quarters of 2024, with the EBITDA margin rising from 9.5% to 10.1%. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 17.7% year on year to €391.1 million. The company's net income for this period was €200.7 million, a 14.2% increase from the previous year, resulting in earnings per share of €6.35.

Free Cash Flow

In the first nine months of 2024, Krones AG significantly improved its free cash flow, generating €145.0 million before M&A activities. This marks an improvement of €311.1 million compared to the previous year. Despite higher capital expenditures and M&A activities, the company's net cash stood at €301.9 million at the end of September 2024.

Full-Year Outlook

Krones AG has confirmed its full-year financial targets for 2024, expecting revenue growth of 9% to 13% and an EBITDA margin of 9.8% to 10.3%. The company also anticipates a return on capital employed (ROCE) of 17% to 19%. These forecasts include the impact of the Netstal Maschinen AG acquisition, which has been integrated into the Filling and Packaging Technology segment.

Summarized from source with an LLMView Source

Key figures

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