Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Krones AG
  6. News
  7. Summary
    KRN   DE0006335003

KRONES AG

(KRN)
  Report
Delayed Quote. Delayed Xetra - 10/15 11:35:09 am
87.2 EUR   +0.58%
10/14KRONES AG : UBS remains its Buy rating
MD
09/23KRONES AG : Gets a Buy rating from Baader Bank
MD
09/20KRONES AG : Receives a Buy rating from UBS
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Krones : Prńsentation Conference Call First Half Year 2021

08/03/2021 | 06:14am EDT

Krones Conference Call 1st HY 2021

Krones First Half Year 2021

Conference Call 03 August 2021

Christoph Klenk, CEO

Norbert Broger, CFO

Krones 1st HY 2021

After a strong second quarter, Krones raises full-year guidance for 2021

  • The upward trend in Krones' order intake continued in the second quarter. In total between January and June 2021, the volume of orders increased by 40.3% to €2,044.3 million.
  • Krones increased revenue in the first half of 2021 by 1.3% to €1,720.1 million. Second-quarter revenue was up 11.7% year on year, to €845.5 million.
  • The first half of 2021 saw Krones significantly improve its profitability. Earnings before interest, taxes, depreciation and amortisation (EBITDA) went up 16.2% to €137.7 million. The EBITDA margin was 8.0% in the reporting period (previous year: 7.0%).
  • Based on the positive first-half trend, Krones is raising its full-year guidance for 2021. The company now expects revenue growth of 7% to 9% (previously 2.5% to 3.5%) and an EBITDA margin of 7% to 8% (previously 6.5% to 7.5%).

2 | Krones AG | Conference Call 03 August 2021

Krones highlights 1st HY 2021

Order intake RevenueEBITDA margin Free cash flow

+40.3%

+1.3%

8.0%

€35million

€2.04 billion

€1.7 billion

(PY 7.0%)

(PY € -65 million)

3 | Krones AG | Conference Call 03 August 2021

Order intake and orders on hand 1st HY 2021 (€ million)

Q4

Q3

4,084

+3.2%

1,126

919

1,386

3,307

-19.0%

1,006

Q4 -10.7%

844

Q3 -8.2%

2,044

+40.3%

1,536

Strong and sustainable market recovery in 2021 after Covid-19 crisis 2020

Order intake with more than €2 billion

on pre Covid-19 level. For 2nd half-

year order intake will be below this

level - based on a more selective

approach

Very high orders on hand level (with an

Q2

997 +9.9%

Q2 616

1,211

-12.6%

Q2

+58.3%

increase of 27% since beginning of the

year) gives a full utilisation till year-end

Order intake

Q1

Orders on hand

1,042

Full year

2019

-38.2%

841

Q1 -19.3%

Full year

2020

1,069

Q1 +27.1%

30.06.

2021

4 | Krones AG | Conference Call 03 August 2021

Revenue development by quarter (€ million)

3,959

+2.7%

Q4 1,069

Q3 1,000

Q2 906

Q1 984

3,323

-16.1%

874

Q4 -18.2%

750

Q3 -25.0%

Q2 757

-16.5%

942

Q1 -4.2%

1,720

+1.3%

845

Q2 11.7%

Q1 875

-7.2%

2nd half-year of 2020 just partly hit by Covid-19 crisis, so increase in revenue of 1.3% in line with expectations

  • Revenue and performance still influenced in 1st half-year by Covid-19 regulations
  • Higher revenue in 2nd half-year expected. Full year growth estimated between 7%-9%, which will be still below pre Covid-19 level

20192020

2021

5 | Krones AG | Conference Call 03 August 2021

Um den Rest dieser Noodl zu lesen, rufen Sie bitte die Originalversion auf, und zwar hier.

Disclaimer

Krones AG published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 09:55:21 UTC.


ę Publicnow 2021
All news about KRONES AG
10/14KRONES AG : UBS remains its Buy rating
MD
09/23KRONES AG : Gets a Buy rating from Baader Bank
MD
09/20KRONES AG : Receives a Buy rating from UBS
MD
09/17KRONES AG : UBS maintains a Buy rating
MD
09/12KRONES : German State-owned Bank Fined for Angolan Loan Exposed in Luanda Leaks
AQ
09/01KRONES : Returnable PET for sensitive beverages?
PU
08/11FOR DRINKING WATER IN HOUSEHOLD QUAN : Contiform 3 BigBottle produces large PET containers
PU
08/04KRONES AG : Kepler Cheuvreux keeps a Sell rating
MD
08/03KRONES AG : DZ Bank gives a Buy rating
MD
08/03KRONES : Corporate news release – Krones generates high order intake in first half o..
PU
More news
Analyst Recommendations on KRONES AG
More recommendations
Financials
Sales 2021 3 566 M 4 136 M 4 136 M
Net income 2021 107 M 124 M 124 M
Net cash 2021 132 M 153 M 153 M
P/E ratio 2021 25,7x
Yield 2021 1,14%
Capitalization 2 755 M 3 196 M 3 196 M
EV / Sales 2021 0,74x
EV / Sales 2022 0,65x
Nbr of Employees 16 232
Free-Float 42,7%
Chart KRONES AG
Duration : Period :
Krones AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KRONES AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 87,20 €
Average target price 98,75 €
Spread / Average Target 13,2%
EPS Revisions
Managers and Directors
Christoph Klenk Chairman-Executive Board & Chief Executive Officer
Norbert Broger Chief Financial Officer
Volker Kronseder Chairman-Supervisory Board
Klaus Gerlach Member-Supervisory Board & Head-Operations
Hans-JŘrgen Thaus Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
KRONES AG32.02%3 196
NORDSON CORPORATION21.27%14 222
SUZHOU MAXWELL TECHNOLOGIES CO., LTD.80.15%10 857
WUHAN GUIDE INFRARED CO., LTD.-19.35%8 770
KORNIT DIGITAL LTD.73.81%7 169
VALMET OYJ39.98%5 670