Krones Reports Stable Revenue and Improved Profitability Amid Market Challenges

Krones AG reported moderate growth and better profitability from January to September 2026, despite a challenging market environment. Order intake for the first three quarters increased by 2.9%, reaching €4,223.6 million. Revenues, adjusted for currency translation effects, saw a modest rise of 0.8%.

The EBITDA margin improved from 10.5% to 11.1%, which includes a €10 million positive impact from US tariff refunds. Free cash flow improved to €25.8 million in the third quarter, though it remained negative at −€5.0 million for the year to date. ROCE was at 17.6%, down from 19.5% the previous year.

Krones has adjusted its revenue growth forecast for 2026 to 1% to 2%. However, targets for the EBITDA margin and ROCE remain unchanged. The revised medium-term revenue target for 2028 is set between €6.0 billion and €6.2 billion.