Krones Stock: Confidence for 2024 and Return to MDAX

Last Updated: 6. Dezember 2023By

The share of Krones has been strong since the publication of the Q3 figures and is now trading steadily above the 100 euro mark. Now the Bavarian plant and machinery manufacturer can also look forward to the expected return to the MDAX. From December 18th 2023, Krones will be listed again in the index for medium-sized companies.

However, what is more decisive for investors is the business development at Krones – and here, this year looks rosy. And the world market leader for beverage filling systems is also optimistic for the coming year 2024. The analysts still see potential in the Krones share price.

Krones with strong outlook for 2023 and 2024 After 9 months of the current year, Krones achieved sales of around 3.49 billion euros, i.e. 14.5 percent more than in the same period of the previous year. For the full year, sales are expected to increase by 11 to 13 percent from 4.2 billion euros. The situation with respect to the profit is also convincing: The EBITDA margin climbed from 8.9 percent to 9.5 percent after nine months – in the end, Krones left with around 176 million euros, i.e. almost 37 percent more than in the previous year.

Here Krones is also on track to achieve its annual goals. For the full year 2023, the EBITDA margin is expected to be between 9 and 10 percent. Particularly pleasing from an investor’s point of view: For the coming year 2024, the corporate management also expects growth of a similar magnitude, including an improvement in the margin.

Krones share remains interesting in the long term A strong development in 2023, an optimistic outlook for the year 2024 and an order book at a record level (around 4.09 billion euros): The list of good news is long at Krones. And now the share is also soon back in the MDAX, after the paper was temporarily excluded from the index family in September.

The mood among the analysts is also optimistic. Although some experts have recently lowered their target prices (Hauck & Aufhäuser, on the other hand, has raised it), all current analyses still see the target price of the Krones share significantly above the current level. The price potential is seen between around 7 percent (Berenberg Bank) and up to almost 50 percent (Warburg Research). Medium and long-term oriented investors should keep an eye on the Krones share.