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Adrian Pehl ... (+2)
  • Adrian Pehl
  • Klaus Ringel

Krones AG : We continue to like defensive growth going into 2025

We reiterate our positive view on Krones and set our TP to € 157. We like 1/ its defensive growth profile (beverage related), 2/ its net cash balance sheet (2024e: € 405m before leases and financial assets), 3/ its high FCF yields. (7.6-10.6% for 2024-2026e). Krones is undervalued with an EV/EBIT of 8.7x, while ~11x is fair value, in our view. With this note, given a change in analyst responsibility, Krones’ coverage has been transferred and the estimates have been updated.

 PRESS RELEASE

EQS-News: Krones steigert Umsatz und Ertragskraft in den ersten drei Q...

EQS-News: Krones AG / Schlagwort(e): Quartalsergebnis Krones steigert Umsatz und Ertragskraft in den ersten drei Quartalen 2024 deutlich 05.11.2024 / 06:45 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.   05.11.2024 Krones steigert Umsatz und Ertragskraft in den ersten drei Quartalen 2024 deutlich   Das Umsatzwachstum von Krones hat sich im dritten Quartal (+ 13,2 %) gegenüber dem Vorjahresquartal fortgesetzt. In den ersten neun Monaten 2024 steigerte Krones die Erlöse im Vergleich zum Vorjahr um 11,2 % auf 3.874,8 Mio. Euro un...

 PRESS RELEASE

EQS-News: Krones significantly improves revenue and profitability in f...

EQS-News: Krones AG / Key word(s): Quarter Results Krones significantly improves revenue and profitability in first three quarters of 2024 05.11.2024 / 06:45 CET/CEST The issuer is solely responsible for the content of this announcement.   5 November 2024 Krones significantly improves revenue and profitability in first three quarters of 2024   Krones’ revenue growth continued in the third quarter (+13.2%) versus prior year. In the first nine months of 2024, Krones increased revenue by 11.2% year on year to €3,874.8 million, which is within the growth forecast for th...

 PRESS RELEASE

EQS-News: Krones mit sehr gutem ersten Halbjahr 2024 – Umsatz und Ertr...

EQS-News: Krones AG / Schlagwort(e): Halbjahresergebnis Krones mit sehr gutem ersten Halbjahr 2024 – Umsatz und Ertragskraft steigen deutlich 31.07.2024 / 06:45 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. 31.07.2024 Krones mit sehr gutem ersten Halbjahr 2024 – Umsatz und Ertragskraft steigen deutlich   Die Nachfrage nach Produkten und Dienstleistungen von Krones ist weiterhin robust. Von April bis Juni 2024 übertraf der Auftragseingang mit 1.310,2 Mio. Euro den bereits hohen Vorjahreswert (1.272,8 Mio. Euro) um 2,9 %. In den ...

 PRESS RELEASE

EQS-News: Krones reports very good first half-year 2024 – significant ...

EQS-News: Krones AG / Key word(s): Half Year Results Krones reports very good first half-year 2024 – significant increase in revenue and profitability 31.07.2024 / 06:45 CET/CEST The issuer is solely responsible for the content of this announcement.   31 July 2024 Krones reports very good first half-year 2024 – significant increase in revenue and profitability   Demand for Krones’ products and services remains robust. From April to June 2024, order intake increased by 2.9% to €1,310.2 million, exceeding the already high level of the previous year (€1,272.8 million)....

MarketLine Department
  • MarketLine Department

Focke & Co - Company Profile and SWOT Analysis

Summary Focke & Co - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Focke & Co (Focke) is a manufacturer of packaging machinery, equipment, and systems. The company's product offerings include hinge lid packer, carton handling, and case packing, shoulder box, soft cup packer...

 PRESS RELEASE

EQS-News: Krones to continue profitable growth – medium-term targets s...

EQS-News: Krones AG / Key word(s): Miscellaneous Krones to continue profitable growth – medium-term targets set for 2028 03.07.2024 / 18:05 CET/CEST The issuer is solely responsible for the content of this announcement. 3 July 2024   Krones to continue profitable growth – medium-term targets set for 2028   Krones today held a Capital Market Day for analysts and investors The Executive Board explained the company’s strategy and presented its medium-term targets Consolidated revenue is set to increase to €7 billion by 2028 (2023: €4.7 billion). The medium-term target ...

 PRESS RELEASE

EQS-News: Krones wird weiter profitabel wachsen – Mittelfristziele bis...

EQS-News: Krones AG / Schlagwort(e): Sonstiges Krones wird weiter profitabel wachsen – Mittelfristziele bis 2028 festgelegt 03.07.2024 / 18:05 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. 03.07.2024   Krones wird weiter profitabel wachsen – Mittelfristziele bis 2028 festgelegt   Krones hat heute einen Kapitalmarkttag für Analysten und Investoren veranstaltet Vorstand erläuterte Strategie und stellte Mittelfristziele vor Bis 2028 soll der Konzernumsatz auf 7 Mrd. Euro steigen (2023: 4,7 Mrd. Euro). Das Mittelfristziel für die ...

MarketLine Department
  • MarketLine Department

Gerhard Schubert GmbH - Company Profile and SWOT Analysis

Summary Gerhard Schubert GmbH - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Gerhard Schubert GmbH (Gerhard) manufactures packaging machinery that supports flexible packaging, filling, thermoforming and closing activities. It specializes in offering top-line machine (TLM) ...

Krones AG: 1 director

A director at Krones AG bought 1,660 shares at 119.400EUR and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sho...

Fabian Semon
  • Fabian Semon

Krones AG : Strong EBITDA growth trajectory & M&A track record, >40% d...

>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...

Jerôme Bodin
  • Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 03/05/2024

Founded in 1959, Leifheit AG is one of the leading European brand suppliers of household items. The group divides its operating business into the household, wellbeing and private label segments. In view of its growing turnover (CAGR of +2.8% for 2023 to 2026e) and EBIT margins (+290bp to 5.2% in 2026e vs 2023), as well as its solid financial profile (equity ratio of about 50%, average net cash position of c. € 40m for 2024e to 2026e, average positive FCF of c. € 11m for 2024e to 2026e...

Jerôme Bodin
  • Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 05/03/2024

Founded in 1959, Leifheit AG is one of the leading European brand suppliers of household items. The group divides its operating business into the household, wellbeing and private label segments. In view of its growing turnover (CAGR of +2.8% for 2023 to 2026e) and EBIT margins (+290bp to 5.2% in 2026e vs 2023), as well as its solid financial profile (equity ratio of about 50%, average net cash position of c. € 40m for 2024e to 2026e, average positive FCF of c. € 11m for 2024e to 2026e...

Fabian Semon
  • Fabian Semon

Krones AG : Strong order intake momentum continues in Q1 (+3% vs cons)...

>Q1 group EBITDA up 9% y-o-y to € 125m, Process Technology surprised positively (EBITDA margin: 11.6%) - The order intake once again showed no signs of weakness in Q1 2024 by remaining almost flat y-o-y at a level of € 1,483m (against a tough base), which is 3% above the consensus estimate of € 1,438m (FactSet). 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)....

 PRESS RELEASE

EQS-News: Krones continues profitable growth path

EQS-News: Krones AG / Key word(s): Quarter Results Krones continues profitable growth path 03.05.2024 / 06:45 CET/CEST The issuer is solely responsible for the content of this announcement.   3 May 2024 Krones continues profitable growth path   At €1,482.7 million, the contract value of orders in the first quarter of 2024 was close to the very high level seen in the previous year (€1,513.1 million) and, with an increase of 17.4%, significantly higher than the order intake in the fourth quarter of 2023 (€1,263.0 million). Krones’ growth is fully on track. Revenue incre...

 PRESS RELEASE

EQS-News: Krones setzt profitablen Wachstumskurs fort

EQS-News: Krones AG / Schlagwort(e): Quartalsergebnis Krones setzt profitablen Wachstumskurs fort 03.05.2024 / 06:45 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.   03.05.2024 Krones setzt profitablen Wachstumskurs fort   Im ersten Quartal 2024 lag der Wert der Bestellungen mit 1.482,7 Mio. Euro nahe dem sehr hohen Vorjahresniveau (1.513,1 Mio. Euro) und mit einem Plus von 17,4 % deutlich über dem Auftragseingang des vierten Quartals 2023 (1.263,0 Mio. Euro). Wachstum von Krones ist voll im Plan. Der Umsatz erhöhte sich um 4,0...

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