Based on the production planning for the second half of the year, the filling and packaging system manufacturer KRONES is more confident about the sales growth it has announced for this year.
The board of directors is increasing the forecast to 11 to 13 percent, the company surprisingly announced on Monday in Neutraubling. So far, 8 to 11 percent had been expected. The group confirmed the targets for the operating profit and the return on the tied-up capital and also gave initial indications of the course of the past quarter. Investors grabbed the stock market.
For Baader Bank analyst Peter Rothenaicher, the higher annual targets were not really a surprise. However, he adjusted his estimates for 2023 and 2024 upwards. The fact that the margin targets had been confirmed had a positive effect on the profit level, he noted.
According to KRONES, total output developed well in the second quarter, despite the persistently tense situation on the procurement markets, especially for electrical components. This is due to the improved production processes. KRONES intends to present the full half-year report on August 1st.
When the figures for the first three months of the year were presented in May, KRONES CEO Christoph Klenk had already reported on the international beverage companies’ great willingness to invest. KRONES’ markets are hardly affected by economic fluctuations.
In XETRA trading, the KRONES share temporarily gained 5.83 percent to EUR 110.70.
NEUTRAUBLING / MUNICH (dpa-AFX)
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