Krones Group Annual Report 2024
Krones published its 2024 Annual Report and confirmed its preliminary figures.
- Krones continued its profitable growth path in 2024. Revenue increased by 12.1% year on year to €5,293.6 million.
- Due to customers’ continued good willingness to invest, Krones increased its order intake compared to the previous year’s high level by 1.6% to €5,460.7 million. At €4,289.5 million as of the end of 2024, the order backlog was up 4.1% on the previous year.
- Despite persistently high costs, Krones has significantly improved profitability. EBITDA improved by 17.5% in 2024 to €537.1 million. The EBITDA margin increased from 9.7% in the previous year to 10.1%.
- Free cash flow was significantly higher than in the previous year. Adjusted for acquisitions, it increased in 2024 from €13.2 million to €292.5 million. Krones improved ROCE (return on capital employed) to 18.2% in 2024 (previous year: 16.3%).
- Due to the positive business performance, Krones intends to pay an 18.2% higher dividend of €2.60 per share for 2024 (previous year: €2.20).
- The Executive Board is confident overall for the 2025 financial year and forecasts revenue growth of 7% to 9% with an improved EBITDA margin of 10.2% to 10.8% and ROCE of 18% to 20%.
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