Krones Group Annual Report 2025
Krones published its 2025 Annual Report and confirmed its preliminary figures.
2025 Highlights
- Revenue at Krones rose by 7.0% year on year to €5,663.8 million in 2025. The company thus continued on its profitable growth path despite challenging conditions.
- Krones’ customers continue to show robust willingness to invest. At €5,564.7 million, order intake in 2025 exceeded the already high prior-year figure by 1.9%. Krones had orders on hand totalling €4,190.4 million at the end of 2025 (previous year: €4,289.5 million).
- Krones significantly strengthened profitability in 2025. EBITDA grew faster than revenue, rising 12.2% to €602.3 million. As a result, the EBITDA margin improved from 10.1% in the previous year to 10.6%.
- Krones generated a high free cash flow before acquisitions of €282.9 million in 2025. ROCE increased significantly to 19.1% (previous year: 18.2%).
- Krones plans to pay a dividend of €2.80 per share in 2025, an increase of €0.20.
- The Executive Board is realistically optimistic for the 2026 financial year and forecasts 3% to 5% growth in revenue adjusted for currency translation effects. The EBITDA margin is expected to improve further to between 10.7% and 11.1%. For the third financial performance target, ROCE, Krones expects between 19% and 20%.
| 2025 | 2024 | Change | ||
| Revenue | € million | 5,663.8 | 5,293.6 | + 7.0 % |
| Order intake | € million | 5,564.7 | 5,460.7 | + 1.9 % |
| Order backlog at 31 December | € million | 4,190.4 | 4,289.5 | – 2.3 % |
| EBITDA | € million | 602.3 | 537.1 | + 12.2 % |
| EBITDA margin | % | 10.6 | 10.1 | + 0.5 PP* |
| EBIT | € million | 417.1 | 368.6 | + 13.1 % |
| EBT | € million | 424.1 | 381.6 | + 11.1 % |
| EBT margin | % | 7.5 | 7.2 | + 0.3 PP* |
| Consolidated net income | € million | 299.2 | 277.2 | + 7.9 % |
| Earnings per share | € | 9.45 | 8.77 | + 7.8 % |
| Dividend per share | € | 2.80** | 2.60 | + 7.7 % |
| Capital expenditure for PP&E and intangible assets |
€ million | 185.1 | 181.1 | + €4.0 million |
| Free cash flow | € million | 247.7 | 113.2 | + €134.5 million |
| Free cash flow excluding acquisitions | € million | 282.9 | 292.5 | – €9.6 million |
| Net cash at 31 December *** | € million | 548.2 | 439.9 | + €108.3 million |
| Working capital to revenue **** | % | 17.3 | 17.0 | + 0.3 PP* |
| ROCE | % | 19.1 | 18.2 | + 0.9 PP* |
| Employees at 31 December | ||||
| Worldwide | 21,339 | 20,379 | + 960 | |
| Germany | 11,735 | 11,312 | + 423 | |
| Outside Germany | 9,604 | 9,067 | + 537 |
*Percentage Points **As per proposal for the appropriation of earnings available for distribution
***Cash and cash equivalents less debt ****Average of last 4 quarters
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