Krones Half-Year Report 2022

Krones with strong first half-year 2022

• Very strong demand for Krones products and services. Order intake up by 52.0% in first half year to €3,106.4 million. At €3,014.6 million, the order backlog as of 30 June 2022 was almost twice as high as in the previous year. Revenue growth accelerated in the second quarter (+18.0%).
• Revenue from January to June 2022 increased by 15.4% to €1,984.8 million.
• Despite material shortages and significantly increased material and freight costs, earnings before interest, taxes, depreciation and amortisation (EBITDA) improved by 27.2% in the first half year to €175.1 million. The EBITDA margin rose to 8.8% (previous year: 8.0%).

Krones increases profitability

Due to material shortages, Krones was unable to make full use of its production capacity in the first two quarters of 2022. Together with significantly rising material and freight costs, this affected the company’s profitability. Due to the extensive efficiency improvement measures and initial effects from the price adjustments, earnings before interest, taxes, depreciation and amortisation (EBITDA) nevertheless rose by 27.2% year-on-year, from €137.7 million to €175-1 million in the first half of 2022. The EBITDA margin improved to 8.8% (previous year: 8.0%), at the upper end of our target range of 8% to 9% for the full year
2022