Q3 2024 Krones AG Earnings Call Transcript
Key Points
- Krones AG (KRNTY) reported a strong order intake of EUR 1.3 billion in Q3, aligning with expectations and maintaining a book-to-bill ratio above 1.
- The company achieved a revenue growth of 11.2% for the first nine months, with expectations to reach the upper end of their 9-13% growth guidance.
- Krones AG (KRNTY) reported a significant increase in EBITDA, with a margin improvement from 9.5% to 10.2% in Q3.
- The company has a robust order backlog, providing capacity utilization until the end of 2025, ensuring planning security for the future.
- Krones AG (KRNTY) maintained a strong cash position with EUR 305 million and a liquidity reserve of EUR 1.159 billion, indicating financial stability.
- The Intralogistics segment experienced a revenue decrease of EUR 46 million, with challenges in executing orders due to customer project delays.
- There is uncertainty regarding the impact of geopolitical events, such as the US elections and conflicts in the Middle East, on future order intake.
- The company faces competitive pressure, particularly from Chinese and Italian competitors, affecting pricing and order acquisition.
- Krones AG (KRNTY) has not yet achieved its target delivery times, currently at 50 weeks, with plans to reduce to 40-45 weeks.
- The Processing Technology segment showed flat growth in Q3, with challenges in the US market and a need for a stronger sales force.
Good afternoon, and welcome to the conference call of Krones. Krones significantly improves revenue and profitability in the first 3 quarters '24. This was the headline of the press release we published today morning. Now we would like to present you all the figures and give further details about this first 9 months of the year '24. After the presentation by Christoph Klenk and Uta Anders, we will have the opportunity to ask questions. I think you also know how the Q&A session works. [Operator Instructions] Additionally, please be reminded that this meeting will not be recorded and that is also not allowed to record the meeting. Please also deactivate any functions of recording at Teams.
So I would say, let's start with the presentation. So I hand over to Christoph Klenk. Christoph, the floor is yours.
Olaf, thanks a lot. Yes, a warm welcome today. Good morning and good afternoon to the audience. Uta and myself
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
