Krones AG: Krones raises full-year guidance for 2021 and publishes preliminary half-year figures
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DGAP-Ad-hoc: Krones AG / Key word(s): Change in Forecast Ad-hoc release 23 July 2021 Krones raises full-year guidance for 2021 and publishes preliminary half-year figures Krones' business continued to develop dynamically through the second quarter of 2021. Based on preliminary figures, order intake in the first six months of 2021 was around €2,045 million, some 40% higher than a year earlier. Revenue in the first half of 2021 increased by about 1% year on year to approximately €1,720 million. In the second quarter of 2021, revenue was almost 12% higher than in the prior-year quarter. Despite rising costs, notably of materials and freight, Krones' profitability improved significantly in the period January to June 2021. Earnings before interest, taxes, depreciation and amortisation reached approximately €138 million (previous year: €118.5 million). The EBITDA margin increased to 8.0% (previous year: 7.0%). Based on the preliminary figures for the first half year and the good outlook for the third and fourth quarters of 2021, Krones is raising its full-year guidance for 2021. For the Krones Group, the Executive Board now expects full-year revenue growth of 7% to 9% in 2021 (previously 2.5% to 3.5%). Krones anticipates an EBITDA margin of 7% to 8% (previously 6.5% to 7.5%). For the third performance target, working capital to revenue, the guidance remains unchanged at 26% to 27%. The guidance for 2021 is subject to the assumption that there will be no severe impacts from the Covid-19 pandemic, problems in supply chains or other general economic impacts. Krones will publish its Interim Report as of 30 June 2021 on 3 August 2021. Explanations of the cited financial performance indicators are provided in the Krones Group's Annual Report online at https://www.krones.com/media/downloads/GB_2020_Konzern_e.pdf, primarily on pages 52 and 198.
23-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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: | 1221197 |
| End of Announcement | DGAP News Service |
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1221197 23-Jul-2021 CET/CEST
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