Krones AG : EK-Forum Feedback - On track to lift EBITDA-margin to the 10%-13% range, Order backlog visibility until end of 2025 (ESG will drive growth for longer)
>Current EBITDA-margin trajectory continues (ODDO BHFe: +70bp y-o-y to 10.3%) - We hosted a roundtable discussion with the CFO of Krones at the Eigenkapital Forum and perceived a very positive tone regarding market demand and financial execution. Krones confirmed its slightly upgraded FY 23 order intake outlook of € 5.3bn (vs. € 5.2bn before) as well as a b-t-b >1.0x in FY 24 (implying flat y-o-y order intake based on indicated 11%-13% sales growth in FY24). Europe & ...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.
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.
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