Krones AG

KRN

Equity

ISIN DE0006335003 / Valor 945454

Xetra (2026-05-29)

EUR 118.40+0.17%

Krones AG
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About company

Krones AG, headquartered in Neutraubling, Germany, is a leading global technology group specializing in the development, manufacturing, and sale of machinery and complete lines for the packaging and production processes of the beverage, food, chemical, cosmetics, and pharmaceutical industries. Founded in 1951, the company has grown to employ approximately 18,500 people worldwide, with consolidated sales reaching 4.72 billion euros in 2023. With a strong international presence, Krones boasts a network of over 100 subsidiaries, including production, sales, and service companies across the globe. The company's product portfolio encompasses individual machines, turnkey lines, and the planning and erection of entire factories, complemented by consultancy and digital services aimed at optimizing production operations. Krones’ commitment to innovation is underscored by its significant investment in research and development, ensuring its solutions cater to a wide range of processing steps from production to filling, packaging, plastics recycling, intralogistics, and digitalization. This comprehensive approach has positioned Krones as a pivotal player in the production and packaging machinery sector, serving a diverse clientele not only in the beverage sector but also in food and stimulants, as well as the chemical, cosmetics, and pharmaceutical sectors.

Summarized from source with an LLMView SourceSector: Industrials

Revenue & orders

H1 revenue €2,726.5m (+6.7%); Q2 revenue €1,316.5m (+0.6%). H1 order intake €2,730.4m (–2.2%); Q2 intake €1,294.5m (–1.2%). Orders on hand at 30 June were €4,293.4m (–1.5%), supporting production into mid‑2026.

Profitability

H1 EBITDA €288.5m (+12.6%) with margin 10.6% (+0.6 pp). H1 EBIT €200.3m (+12.2%); EBT €200.5m (+10.7%). Consolidated net income €145.8m (+8.0%); EPS €4.60 (+7.7%). Q2 showed continued margin improvement (EBITDA margin 10.6%).

Cash flow & balance sheet

H1 free cash flow turned positive to €44.5m (prior year: –€58.4m). Free cash flow before acquisitions was €46.7m (down from €127.0m). Net cash (cash less debt) at 30 June rose to €375.2m (+€84.1m). Capex for PP&E and intangibles was €67.9m (slightly below prior year).

Guidance confirmed

Krones confirmed full‑year 2025 targets: revenue growth +7% to +9%, EBITDA margin 10.2%–10.8%, and ROCE 18%–20% — the H1 EBITDA margin and ROCE (19.0%) are inside those ranges.

Operations & workforce

Orders backlog supports capacity utilisation; headcount increased to 20,712 (+1,178 vs prior year), including growth in Germany and internationally. The company is investing in automation and efficiency measures at German sites.

Risks & outlook

Krones warns of downside risk from geopolitical tensions, US tariff policy and supply‑chain/material constraints, but states it is "realistically optimistic" and uses scenario planning to preserve flexibility.

Market & product note

Krones highlights the upcoming drinktec trade fair (Sept) and a new, highly automated line generation intended to showcase efficiency, sustainability and digitalisation advances.

Summarized from source with an LLMView Source

Key figures

-15.7%1Y

15.1%3Y

52.1%5Y

Performance

27.5%1Y

25.6%3Y

27.5%5Y

Volatility