Krones announced that it has raised its revenue growth guidance for the current year. 2023. In particular, he pointed out that operational development was successful during the second quarter of the year, despite the current difficult situation in the procurement markets, especially in view of the difficulties in the supply of electronic components, which is slowing down production processes and delaying deliveries.
The company’s Executive Board reported that, thanks to the improvement of its production processes, there will be an increase in revenues starting in the second half of 2023. This estimate foresees an increase fluctuating between 11% and 13% compared to 8% and 11% previously.
The Krones company also announced its financial targets for this year, which include an EBITDA margin of 9 to 10 percent and ROCE of 15 to 17 percent. These forecasts confirm that they have prepared long-term financial plans.
Krones will publish its interim financial report for the months of April, May and June 2023 on August 1, where its business figures for the first six months of the year will be precisely reported.
Krones lines produce many bottles, jars and containers for the food and beverage industry every day. These products have peculiar shapes and millions are processed daily. The company’s business center focuses primarily on serving companies related to liquid foods, such as beer, juice, milk and wine manufacturers. They also count on the support of spirits and sparkling wine producers. The Krones Group, headquartered in Neutraubling, Germany, plans, develops and manufactures machines and complete lines for process engineering, bottling, canning and packaging, as well as for intralogistics and recycling.
Krones’ success is based on a number of decisive strategies: specialist knowledge of machine construction and the sectoral requirements of its clients, technical leadership in its field thanks to consistently high expenditure on research and development, manufacturing with state-of-the-art equipment to stringent standards of qualitative excellence, and a global 24-hour-a-day, 7-day-a-week support service – all backed up by a highly qualified and enthusiastically motivated workforce. More than 5,000 granted and pending patents attest to the company’s innovative potential.
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