Krones to continue profitable growth – medium-term targets set for 2028 • Krones yesterday held a Capital Market Day for analysts and investors • The Executive Board explained the company’s strategy and presented its medium-term targets • Consolidated revenue is set to increase to €7 billion by 2028 (2023: €4.7 billion). The medium-term target for the EBITDA margin is between 11% and 13% (2023: 9.7%). Krones is aiming for ROCE of more than 20% by 2028 (2023: 16.3%). You can find more information here: https://lnkd.in/e6zMJdXJ
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Krones can look back on a successful first quarter 2024. The company’s markets are largely unaffected by economic fluctuations and customers continue to be very keen to invest. Krones #consolidatedrevenuegrowth #financialtargets #foodprocessing #foodandbeverageindustry #germany
Krones continues profitable growth path
foodinfotech.com
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Lots of developments in the world of packaging - innovation is key and M&A is a critical enabler of that
A time of change and a time of opportunity in the packaging sector. Featuring M&A insights by subsector and market dynamics, we explore how growth is being achieved in a challenging economic and regulatory environment. Follow the link to find out more and to download our publication.
Packaging - Sector Insights 2024
bdo.co.uk
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There's a major disconnect in manufacturing, according to a whitepaper by The World Economic Forum and Kearney. Manufacturers recognise strategic paths forward but haven't taken the necessary steps. Click below to learn more, and read insights from Kiva Allgood, Head of the Centre for Advanced Manufacturing and Supply Chains at the World Economic Forum and Per Kristian Hong, Senior Partner at Kearney. #SupplyChain #Manufacturing #DigitalTransformation https://lnkd.in/e5XSBXDu
WEF, Kearney Report: Manufacturing’s Rhetoric vs Realities
manufacturingdigital.com
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Indirect #manufacturing costs are an oft-overlooked source of savings, enabling #manufacturers to do more with less and unlock 15‒25% in optimization potential from indirect functions. That's a sizeable impact on the bottom line! Learn more in this blog post by McKinsey & Company's Martin Rosendahl and Jung Paik on how to crack the efficiency code in #operations: https://lnkd.in/gGhHQsaK
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As Manufacturing Month approaches, we look forward to celebrating the contributions and innovations that drive this essential industry forward. In October, we recognize the incredible talent, dedication, and innovation fueling this sector. From advancements in technology to sustainability initiatives, manufacturing is constantly evolving. Did you know that manufacturing accounts for more than $2.8 trillion of the U.S. economy? If U.S. manufacturing were a standalone country, it would represent the eighth-largest economy in the world. #ManufacturingMonth #USManufacturing #IndustryExcellence #Innovation
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Excited to share key insights from the 2024 Manufacturing Benchmarking report we published today. This report will help you assess your performance against industry peers and shape your strategic decisions for growth. Despite economic challenges, the manufacturing sector has maintained steady growth this past year, due to smart cost management and strategic investments. Businesses have optimised operations, trimmed expenses, and bolstered profits despite inflation. Here are a few highlights we've uncovered: · Industry growth of 7.7%, driven by smaller companies with revenues up to $40m. · Effective cost management with a 32% gross margin, indicating profitability despite challenges. · Efficient employee cost management at 20% of revenue, particularly in smaller businesses with significant reductions. · Despite an overall EBITDA of 10%, smaller businesses under $40m revenue have shown improvements despite inflation. · A decrease in impairments to 0.9% of revenue, with larger businesses reporting significant changes. Dive deeper into our report here to find out more: https://lnkd.in/gzkyaPdB Don't hesitate to reach out for a more in-depth conversation around the findings. I’d also like to acknowledge the core team involved in bringing this report to ground – well done Jessica Tenace, David De Fazio, Joanna Psihogios & Caroline Suder #Manufacturing #Benchmarks #Industry #Australia
Manufacturing Benchmarks 2024: Paving the way for sustainable growth
grantthornton.com.au
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Symrise on a profitable growth course in the first half of 2024 In the persistently challenging environment worldwide, Symrise significantly increased both sales and profitability, above all thanks to strict cost management: Sales increased by 6.3 % to 2,565 million. Excluding portfolio and exchange rate effects, sales increased organically by 11.5 %, driven by the positive performance of the company’s two segments. At the same time, profitability measured by the EBITDA margin of 20.7 % was significantly higher than the previous year’s adjusted figure of 19.7 %. “Symrise is on course. I am committed to continuing Symrise’s success story – for the good of our customers, our shareholders and our employees. This is what we focused on in the past months. Despite our success in the first half of the year, we are not sitting back. Our good performance in recent months gives us confidence for the second half of the year. For this reason, we are therefore again confirming our growth and profitability targets for the full year”, says Jean-Yves Parisot, Chief Executive Officer of Symrise AG. #symrise #growthstrategy #growingsustainably #H12024 #efficiency
Symrise on a profitable growth course in a challenging environment
symrise.com
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CEO | BRANDED MEDIA Co. | Serving Packaging Companies | Websites | SEO | Google Ads | A Fractional Marketing Department | Can You Take On 20+ New Packaging Clients? | Learn How | Text/Call: (801) 675-8588
Did you know? 🌟 The global packaging industry is projected to reach $1 trillion by 2026! As a packaging business, tapping into local markets can be a key to your growth. 📈 #PackagingFacts #MarketGrowth
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⛔ Against a backdrop of challenges including slow growth in output, a widening trade deficit, and a decline in employment within the US manufacturing sector since the late 1990s, there's a pressing need for transformative solutions to boost productivity and competitiveness⛔ QAD Redzone is at the forefront of addressing these challenges, offering a solution that not only uplifts productivity by an impressive 29% on average but also significantly enhances worker engagement by 74%. In a sector where incremental improvements can lead to substantial gains, the impact of such enhancements cannot be overstated. 🔗 Building a more competitive US manufacturing sector: https://lnkd.in/gpb5GPGt
Building a more competitive US manufacturing sector
mckinsey.com
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