Report
Fabian Semon

Krones AG : 2025 targets likely to be pulled forward, CMD may highlight problem solving capabilities & ESG driven growth, upgrade to Outperform (vs Underperform)

>Mid-term targets too conservative, market share gains are supportive - At our Corporate Conference, CFO Norbert Broger, lent credence to the upcoming ESG-driven, self-help growth story of Krones. We have overhauled our model assumptions and now forecast the 2025 top line target of € 5bn to already be hit by 2024 (ODDO BHF: € 5.0bn), while the lower end of the 2025 EBITDA margin target range of 10-13% is expected to be already reached by 2023 (ODDO BHF: 10.0%). These ...
Underlying
Krones AG

Krones maintains three segments: machines and lines for product filling and decoration, which provides product treatment technology, systems engineering, labelling technology, inspection technology, filling technology, cleaning technology, plastics technology, packing and palletizing technology, and conveyor technology; machines and lines for beverage production/process technology, which provides brewhouse and filtration technology, information technology, internal logistics, and materials flow technology; and machines and lines for the low output range, which provides labelling technology, filling technology, plastics technology, packing and palletising technology, and conveyor technology.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Fabian Semon

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