Krones AG

KRN

Equity

ISIN DE0006335003 / Valor 945454

Xetra (2025-12-23)

EUR 133.40-0.60%

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

Top‑line and orders

H1 revenue: €2,726.5m (+6.7% y/y). H1 order intake: €2,730.4m (‑2.2% y/y). Orders on hand at 30 June: €4,293.4m (‑1.5% vs. prior year), supporting production into mid‑2026. Q2 revenue: €1,316.5m (+0.6% y/y).

Profitability

H1 EBITDA: €288.5m (+12.6%), EBITDA margin 10.6% (+0.6pp). H1 EBIT: €200.3m (+12.2%). Consolidated net income H1: €145.8m (+8.0%); EPS €4.60 (+7.7%). Q2 EBITDA €139.2m (+6.4%).

Cash flow & balance sheet

Free cash flow improved to €44.5m (vs. ‑€58.4m prior year). Free cash flow before acquisitions was €46.7m (down vs. €127.0m). Net cash and cash equivalents at 30 June: €375.2m (up €84.1m y/y).

Capital allocation & investment

CapEx for PPE and intangibles H1: €67.9m (slightly below prior year). Management continues investment in automation and global footprint to increase flexibility and resilience.

Guidance and outlook

Krones confirmed full‑year 2025 targets: revenue growth of 7–9%, an EBITDA margin of 10.2–10.8% and ROCE of 18–20%, while flagging risks from US tariff policy and geopolitical tensions.

Operational & workforce metrics

ROCE improved to 19.0% (H1). Working capital to revenue slightly improved to 17.1%. Employees increased to 20,712 worldwide (up 1,178 vs. prior year).

Risks and events

Management cites macro and geopolitical risks (US tariffs, conflicts) that could affect customer investment timing; highlights drinktec trade fair and product innovation as strategic priorities to sustain demand.

Summarized from source with an LLMView Source

Key figures

11.4%1Y

27.3%3Y

102%5Y

Performance

28.9%1Y

24.7%3Y

27.3%5Y

Volatility