Krones AG : Stays Outperform, ‘new normal’ order intake level is still 28% above avg. level from 2019-2021, EPS generation set to accelerate (CAGR 2022-2025e: +19%)
>Q2 wrap-up: EBITDA grew 21% y-o-y & order backlog build-up continued (+€ 150m q-o-q) - Krones yesterday reported a strong 21% y-o-y Q2 EBITDA increase to € 107m, while the long-time anticipated order intake normalisation finally materialised. Krones continues to target FY 2023 revenue growth of 11%-13% (already raised two weeks ago, ODDO BHFe: 12%) and ongoing EBITDA margin improvement to 9-10% (ODDO BHFe & consensus: 9.6%). Thus, the H1 2023 EBITDA margin of 9.5% m...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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