KRONES shares still lower: KRONES intends to significantly increase dividend after recovery

Investors are to receive a payment of EUR 1.40 per share for 2021, as the group announced on Thursday in Neutraubling when presenting its final figures. A year earlier, the shareholders had to be satisfied with a statutory minimum dividend of EUR 0.06 due to the corona pandemic. After KRONES, as already known, was able to recover strongly from the previous corona slump last year thanks to a record order, the Executive Board now sees further imponderables on the horizon due to the war in Ukraine.

The war is therefore likely to influence development, the statement continued. The material shortages and supply chain problems also posed a risk, as did the uncertain development of the pandemic. The Management Board therefore expects lower sales growth than last year, with an increase of five to eight percent being targeted. The operating margin (Ebitda margin) is expected to be eight to nine percent in 2022.

In Thursday trading on XETRA, the KRONES share temporarily fell by 1.73 percent to EUR 79.65.

/tav/mis

NEW TRAUBLING (dpa-AFX)

Image sources: Krones AG