Krones AG : Strong Q3 is just the starting point, further rise in profitability & sustainability linked growth ahead - Promising entry point (new € 140 TP) - Outperform
>Q3 2023 wrap-up - Krones outperformed on all KPIs, higher production rates envisaged for FY 2024 - At KRN, Q3 order intake remained quite resilient (even up 4% q-o-q/ -11% y-o-y against high base) at a level of € 1,328m. The book-to-bill of 1.14x in Q3 2023 contributes to the continuous growing order backlog to € 4,094m (+€ 163m q-o-q), confirming Krones over-the-cycle growth pattern with order backlog visibility until 2025 (delivery times >75 weeks). Revenues increa...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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