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Krones raises full-year guidance for revenue growth in 2023

Krones� total operating performance developed well in the second quarter of 2023, despite the ongoing tight situation on procurement markets, particularly for electronic components. This is attributable to the company�s improved production processes. On the basis of current production planning for the second half of 2023, the Executive Board has raised the guidance for revenue growth in the full year 2023 to between 11% and 13% (previously 8% to 11%).

At the same time, Krones has confirmed the guidance for the other financial targets. This means the company continues to expect an EBITDA margin of 9% to 10% and ROCE of 15% to 17% in 2023.

Krones will publish its business figures for the second quarter and the first six months of 2023 in its interim financial report on 1 August 2023.

Explanations of the cited financial performance indicators are provided on page 72 of the Krones Group�s Annual Report 2022 at https://www.krones.com/media/downloads/GB_2022_Konzern_e.pdf.

The Krones Group, headquartered in Neutraubling, Germany, plans, develops and manufactures machines and complete lines for the fields of process, filling and packaging technology. And Krones also offers a fit-for-purpose solution for bottle-to-bottle recycling of PET containers. The product portfolio subsumed in the House of Krones is rounded off by numerous products and services from Krones� subsidiaries, themed around digitalisation, for example, digital container decoration, intralogistics and in-house valve production. Every day, millions of bottles, cans, and special-shaped containers are handled on lines from Krones, particularly in breweries, the soft-drinks sector and at producers of still or sparkling wines, and spirits, but also in the food and luxury-goods industries, plus the chemical, cosmetics and pharmaceutical sectors. Worldwide, Krones employs around 17,200 people. Consolidated sales in 2022 totalled 4.209 billion euros. Around 90 per cent of its products are sold abroad. The group includes not only Krones AG (listed on the stock exchange), but also more than 100 subsidiaries and further sales and service companies worldwide.

Posted by on 17. July 2023. Filed under Internet. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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