Krones AG : Strong EBITDA growth trajectory & M&A track record, >40% discount to peers
>Q1 review - Strong order intake momentum continued in Q1 and EBITDA margin improvement is progressing as planned (>10%) - In Q1, the order intake once again showed no signs of weakness (almost flat y-o-y) at a level of € 1,483m (against a tough base). The book-to-bill was maintained at >1.0x in Q1 2024 (as guided for FY 2024), which led to a continued surge in the order backlog to € 4,358m (+€ 236m q-o-q). Krones is still detached from any negative trends in the cap...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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