Krones Full-Year Report 2022

• Krones grew strongly in 2022. Revenue went up by 15.8% year on year to €4,209.3 million.
• Due to very high customer demand, order intake improved by 34.0% to €5,782.8 million. The order backlog reached €3,466.4 million (up 83.1%).
• Krones further strengthened profitability. EBITDA improved by 19.4% in 2022 to €373.3 million. The EBITDA margin increased from 8.1% in the previous year (excluding one-off effects) to 8.9%.
• The company generated free cash flow of €371.0 million in the reporting year (previous year: €203.3 million). ROCE increased to 14.1% (previous year: 10.0%).
• In view of the positive business performance, Krones intends to pay a dividend for 2022 of €1.75 per share (previous year: €1.40 per share).
• For the full year 2023, the Executive Board forecasts revenue growth of 8% to 11% with an improved EBITDA margin of 9% to 10% and ROCE of 15% to 17%.

Implementation of higher selling prices

Due to our innovative solutions, excellent project work at customers and gener- ally rising costs, Krones succeeded in implementing price increases during the past financial year. Although competition remains intense, we will continue to adhere to our pricing strategy. The higher order backlog gives us the security we need to maintain our pricing discipline in the event of a potential downturn in demand.