on Krones AG (ETR:KRN)
Krones AG Achieves Steady Growth in 2025 with Positive Outlook for 2026
Krones AG reported a 9.7% increase in revenue to €1,556.4 million in Q4 2025, contributing to an annual rise of 7% to €5,663.8 million. The company exceeded challenging conditions while maintaining a profitable growth trajectory. Enhanced customer investment led to an 8.6% increase in order intake during Q4, totaling €1,460.0 million. The full year saw a 1.9% increase in order intake, reaching €5,564.7 million.
Krones recorded a 17.5% year-over-year increase in EBITDA in Q4 to €171.6 million, with an improved margin of 11.0%. For 2025, EBITDA surged by 12.2%, reaching €602.3 million, raising the margin to 10.6%. Free cash flow for the year was robust at €282.9 million. The return on capital employed (ROCE) improved to 19.1%.
Looking ahead, Krones anticipates a 3% to 5% revenue growth for 2026, with an EBITDA margin between 10.7% and 11.1%. ROCE is expected to hover between 19% and 20%, despite potential challenges such as geopolitical risks and supply chain issues.
R. E.
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