Krones Plans Dividend Increase Following a Successful Financial Year

Krones AG announced its intention to increase its dividend to €2.20 per share for the 2023 financial year, marking a significant 25.7% rise from the previous year's €1.75. This decision comes after the company published its Annual Report 2023, confirming its earlier preliminary figures and showcasing a year of strong financial performance, including a 12.2% revenue increase to €4,720.7 million.

The company also highlighted a healthy order intake and backlog, ensuring sustained demand for its products. With an improved EBITDA margin of 9.7% and a notable 28.3% boost in earnings before taxes, Krones attributes its success to strategic measures addressing procurement prices and product mix. Furthermore, the company underscored its commitment to sustainability, reporting a 9% reduction in operational greenhouse gas emissions.

Looking ahead, Krones remains optimistic despite geopolitical uncertainties, forecasting a revenue growth of 9% to 13% for 2024. The anticipated growth includes contributions from the pending acquisition of Netstal Maschinen AG. The company's robust financial standing and positive sustainability trajectory underscore its strategic focus on innovation and growth within the packaging and beverage industries.