Krones AG Earnings Call Transcripts
Fiscal Year 2026
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A global leader in beverage filling and packaging, the company targets €7 billion sales by 2028, driven by sustainability, digitalization, and regional expansion. Investments in automation and local production aim to support profitable growth, with strong cash reserves and a resilient business model.
Fiscal Year 2025
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Profitable growth continued in 2025 with revenue up 7% and EBITDA margin at 10.6%, despite FX and geopolitical headwinds. 2026 guidance targets 3%-5% revenue growth (constant currency), margin expansion, and strong cash flow, with robust order intake and strategic investments supporting medium-term targets.
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Financial targets for 2025 are confirmed, with strong Q3 results and robust order backlog supporting a positive outlook. Segment performance is solid across the board, and innovation in digitalization and lifecycle services is driving customer engagement. Guidance for revenue growth, margins, and cash flow remains unchanged.
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Revenue grew 6.7% year-over-year to €2.727 billion, with EBITDA up 12.6% and a margin of 10.6%. Guidance for 2025 is confirmed, supported by a strong order backlog and robust service growth, despite regional and segmental shifts.
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Q1 2025 delivered strong revenue and profit growth, with robust order intake and a solid backlog supporting full-year guidance. US demand softened but was offset by emerging markets, while tariff and geopolitical risks are actively managed through local manufacturing and strategic investments.
Fiscal Year 2024
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Strong 2024 results with double-digit revenue and EBITDA growth, robust order backlog, and positive 2025 guidance. Segment performance was solid, with Filling & Packaging and Process Technology exceeding margin targets, while Intralogistics is set for strong growth. Tariff and economic uncertainties persist, but liquidity and global expansion support continued optimism.
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Revenue and profitability rose sharply in the first nine months of 2024, with strong order intake, robust backlog, and confirmed guidance for full-year growth and margins. Segment performance was solid, and risks are mainly tied to global uncertainties and customer project timing.
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Revenue and profit rose sharply in H1 2024, with strong order intake and a robust backlog supporting guidance for the year. All segments, including the recent Netstal acquisition, are performing in line with expectations, and pricing discipline is maintained despite more cautious customer behavior.