Krones AG shows significant growth in revenue and profitability in 2023

In 2023, Krones AG, a specialist in packaging and processing solutions, experienced a notable increase of 12.2% in its revenue, reaching €4,720.7 million. This growth is accompanied by an increase in profitability, with EBITDA rising by 22.5% to €457.3 million. The company also saw its EBITDA margin rate increase from 8.9% to 9.7%. Despite a challenging environment, these results highlight the strength and adaptability of Krones AG.

The company's order backlog also grew, showing an 18.9% increase to reach €4,122.3 million by the end of the year, reflecting sustained demand for its products and services. For 2024, Krones AG's management anticipates a continued growth in revenue and profitability, projecting revenue growth between 9% and 13%, with an improved EBITDA margin and an ROCE between 17% and 19%.

The preliminary results of 2023 confirm the achievement of Krones AG's financial objectives, despite challenges related to the supply of electrical components and geopolitical uncertainties. With a solid order backlog and cautious optimism for 2024, the company seems well positioned to continue on this path of profitable growth.