Close
Search
Searching...
No results
    Back
    Ad-hoc disclosure – Krones raises full-year guidance for 2021 and publishes preliminary half-year figures
      23. July 2021 – 09:14 CET/CEST

      Ad-hoc disclosure – 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.

      Contact
      Olaf Scholz
      Head of Investor Relations
      Böhmerwaldstraße 5
      93073 Neutraubling
      Germany
      T: +49 9401 70-0

      kronesEN
      kronesEN
      0
      10
      1