| EQS-Ad-hoc: Krones AG / Key word(s): Change in Forecast Krones AG: Krones raises full-year guidance for revenue growth in 2023 17-Jul-2023 / 10:57 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
Ad-hoc release 17 July 2023
Krones raises full-year guidance for revenue growth in 2023 Krones’ total operating performance developed well in the second quarter of 2023, despite the ongoing tight situation on procurement markets, particularly for electronic components. This is attributable to the company’s improved production processes. On the basis of current production planning for the second half of 2023, the Executive Board has raised the guidance for revenue growth in the full year 2023 to between 11% and 13% (previously 8% to 11%). At the same time, Krones has confirmed the guidance for the other financial targets. This means the company continues to expect an EBITDA margin of 9% to 10% and ROCE of 15% to 17% in 2023. Krones will publish its business figures for the second quarter and the first six months of 2023 in its interim financial report on 1 August 2023. Explanations of the cited financial performance indicators are provided on page 72 of the Krones Group’s Annual Report 2022 at https://www.krones.com/media/downloads/GB_2022_Konzern_e.pdf.
Contact: Olaf Scholz Head of Investor Relations, Krones AG Tel.: +49 9401 70-1169 E-mail: olaf.scholz@krones.com
17-Jul-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | Krones AG |
| Böhmerwaldstraße 5 | |
| 93073 Neutraubling | |
| Germany | |
| Phone: | +49 (0)9401 701169 |
| Fax: | +49 (0)9401 709 1 1169 |
| E-mail: | investor-relations@krones.com |
| Internet: | www.krones.com |
| ISIN: | DE0006335003 |
| WKN: | 633500 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1681449 |
| End of Announcement | EQS News Service |
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1681449 17-Jul-2023 CET/CEST
