EQS-News: Krones successfully completes acquisition of injection molding technology company Netstal
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EQS-News: Krones AG
/ Key word(s): Miscellaneous
Corporate News Release
28 March 2024
Krones successfully completes acquisition of injection molding technology company Netstal In the press release dated 7 February 2024, Krones announced the signing of the contract for the acquisition of 100% of the shares in Netstal Maschinen AG (Netstal), based in Näfels, Switzerland. The acquisition remained subject among other things to regulatory approval. Krones has now received that approval with no conditions. The acquisition of the injection molding technology company is thus final. Krones will consolidate Netstal in the Filling and Packaging Technology segment as from 28 March 2024. In the financial year 2023, Netstal generated revenue of more than €200 million with around 560 employees. Netstal’s operating profitability is currently below that of the Krones Group. Netstal acquisition a significant strategic milestone As a leading supplier of injection moulding machines for the beverage market (PET preforms and closures), Netstal is a perfect strategic fit for Krones. For one thing, the acquisition will enable the company to provide additional innovative products, technologies and services. In addition, following the acquisition of Netstal, Krones now has all technologies required for circular PET solutions – from injection moulding of preforms to PET bottle production and from filling and packaging to used bottle recycling. With its injection moulding technology for medical applications and thin-wall packaging, Netstal also supports Krones’ strategy of diversifying into the medical/pharmaceutical market and into the food and body care sectors. Netstal will continue to manage its business self-responsible, while benefiting from the Krones Group’s international positioning and economies of scale. This and other measures will help to improve Netstal’s profitability and raise it to the level of the Krones Group in the medium term.
Contact: Olaf Scholz
28.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| 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: | 1869777 |
| End of News | EQS News Service |
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1869777 28.03.2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | ||
| Sales1 | 3.958,88 | 3.322,74 | 3.634,46 | 4.209,34 | 4.720,68 | 5.296,00 | 0,00 | |
| EBITDA1,2 | 227,26 | 133,22 | 312,64 | 373,31 | 457,31 | 566,00 | 0,00 | |
| EBITDA-Margin3 | 5,74 | 4,01 | 8,60 | 8,87 | 9,69 | 10,69 | 0,00 | |
| EBIT1,4 | 43,95 | -40,81 | 170,90 | 230,41 | 290,99 | 400,00 | 0,00 | |
| EBIT-Margin5 | 1,11 | -1,23 | 4,70 | 5,47 | 6,16 | 7,55 | 0,00 | |
| Net Profit (Loss)1 | 9,24 | -79,71 | 141,39 | 187,08 | 224,55 | 285,00 | 0,00 | |
| Net-Margin6 | 0,23 | -2,40 | 3,89 | 4,44 | 4,76 | 5,38 | 0,00 | |
| Cashflow1,7 | 93,53 | 321,77 | 335,86 | 478,70 | 137,62 | 0,00 | 0,00 | |
| Earnings per share8 | 0,30 | -2,52 | 4,47 | 5,92 | 7,11 | 8,85 | 9,30 | |
| Dividend per share8 | 0,75 | 0,06 | 1,40 | 1,75 | 2,20 | 2,40 | 2,50 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Ernst & Young
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Krones | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 633500 | DE0006335003 | AG | 3.848,04 Mio € | 01.10.1984 | Kaufen | 8FWJX5MR+MH |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 12,56 | 16,77 | 0,75 | 26,91 | 2,18 | 27,96 | 0,82 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 1,75 | 2,20 | 2,40 | 1,97% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 27.05.2025 | 09.05.2025 | 30.07.2025 | 05.11.2024 | 20.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| +1,13% | -0,84% | +1,50% | +10,43% | +0,00% |
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