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Krones AG
ISIN: DE0006335003
WKN: 633500
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Krones AG · ISIN: DE0006335003 · EQS - adhoc news (51 News)
Country: Germany · Primary market: Germany · EQS NID: 1466741
19 October 2022 10:02AM

Krones AG: Krones raises guidance for revenue growth in 2022


EQS-Ad-hoc: Krones AG / Key word(s): Change in Forecast
Krones AG: Krones raises guidance for revenue growth in 2022

19-Oct-2022 / 10:02 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

19 October 2022

 

Krones raises guidance for revenue growth in 2022

 

Due to the continued very strong demand for Krones products and services, as well as good management of supply chain shortages, the company expects to maintain good production capacity utilisation in the fourth quarter of 2022. Based on current planning, Krones is therefore raising its guidance for revenue growth in the full year 2022 from 10% to 12% (previously 5% to 8%).

The guidance for the other two financial targets remains unchanged. This means the company continues to expect an EBITDA margin of 8% to 9% and ROCE of 10% to 12% in 2022. The Executive Board is confident of reaching the upper end of the target range for both figures.

These forecasts are subject to the reservation that the war in Ukraine does not further escalate, the coronavirus situation does not worsen and there are no significant energy shortages. Details of the risks and opportunities are presented on pages 25 and 26 of the 2022 half-year report. This is available online at https://www.krones.com/media/downloads/Q2_2022_e.pdf.

Figures on business performance in the third quarter of 2022 and the first nine months of 2022 will be published in the quarterly statement on 4 November 2022.

Explanations of the cited financial performance indicators are provided on page 61 of the Krones Group’s Annual Report online at https://www.krones.com/media/downloads/GB_2021_Konzern_e.pdf.

 

Contact:

Olaf Scholz

Head of Investor Relations, Krones AG

Tel.: +49 9401 70-1169

E-mail: olaf.scholz@krones.com


19-Oct-2022 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: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1466741

 
End of Announcement EQS News Service

1466741  19-Oct-2022 CET/CEST

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(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

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