Krones to continue profitable growth - medium-term targets set for 2028

EQS-News: Krones AG / Key word(s): Miscellaneous
Krones to continue profitable growth - medium-term targets set for 2028

03.07.2024 / 18:05 CET/CEST
The issuer is solely responsible for the content of this announcement.

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3 July 2024

Krones to continue profitable growth - medium-term targets set for 2028

* Krones today held a Capital Market Day for analysts and investors

  * The Executive Board explained the company's strategy and presented its
    medium-term targets

  * Consolidated revenue is set to increase to EUR7 billion by 2028 (2023:
    EUR4.7 billion). The medium-term target for the EBITDA margin is between
    11% and 13% (2023: 9.7%). Krones is aiming for ROCE of more than 20% by
    2028 (2023: 16.3%).

Krones held a Capital Market Day for analysts and institutional investors
today in Neutraubling. Key topics comprised the company's strategy and
growth prospects together with the presentation of the medium-term targets
for 2028.

Krones' markets benefit from megatrends such as world population growth and
the expanding middle class. The Executive Board explained how the company is
responding to customer needs and seizing the opportunities presented by the
stable growth of the food and beverage market. A key growth driver for
Krones here consists of sustainability and related environmental and climate
concerns. Demand from Krones customers is sharply increasing for machines
and systems that save resources and reduce carbon emissions. The company
occupies a leading position here, providing future-ready products with which
Krones delivers on its vision of supplying customers with 'Solutions beyond
tomorrow'. Krones' Executive Board illustrated this with specific examples
of innovative products. The Executive Board also provided analysts and
investors attending the Capital Market Day with a comprehensive briefing on
the company's activities with regard to digitalisation and the expansion of
Krones' global footprint.

Krones sets medium-term targets for 2028

Krones will continue its profitable growth in the years ahead. This is
reflected in the medium-term targets for 2028, which the Executive Board
presented at the Capital Market Day. The company plans to increase
consolidated revenue to EUR7 billion by 2028 (2023: EUR4.7 billion).
Profitability is also set to improve. The medium-term target for the EBITDA
margin is between 11% and 13% (2023: 9.7%). For the third financial target,
return on capital employed (ROCE), Krones is aiming for more than 20% by
2028 (2023: 16.3%).

Krones has published the Capital Market Day presentation online at:

https://www.krones.com/media/downloads/CMD_2024.pdf

Contact:
Olaf Scholz
Head of Investor Relations, Krones AG
Phone: +49 9401 70 1169
E-Mail: olaf.scholz@krones.com


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03.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   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:        MDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard), Munich;
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Stuttgart, Tradegate Exchange
   EQS News ID:    1939263

End of News EQS News Service
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1939263 03.07.2024 CET/CEST