Krones Showcases Strong Revenue and Profitability Growth in 2024

Krones AG has reported significant revenue and profitability improvements for the first three quarters of 2024. The company’s revenue increased by 11.2% year-on-year, reaching €3,874.8 million, aligning with its full-year growth forecast of 9% to 13%. Notably, the third-quarter revenue surged by 13.2% compared to the previous year. A steady order intake, amounting to €1,323.2 million in Q3, contributed to a 6.6% rise in order backlog over the past year, ensuring production capacity until 2025.

Despite higher material and personnel costs, Krones boosted its EBITDA margin from 9.5% to 10.1% due to enhanced efficiency. This led to an impressive 17.7% increase in EBITDA to €391.1 million. Free cash flow also improved dramatically from -€166.1 million to €145.0 million. Furthermore, the company's ROCE increased to 18.3%.