Krones made a very good start to the 2023 financial year

Krones’ revenue from January to March 2023 increased by a substantial 21.4% year on year, from €987.2 million to €1,198.8 million. It should be noted, however, that the previous year’s quarter was heavily impacted by supply chain problems. Material availability was better in the reporting period than in the previous year, but still not optimal. Flexible production management by Krones had a positive impact on capacity utilisation and output in the first three months of 2023. In addition to volume effects, the revenue growth was also supported by Krones’ price increases. Krones expects consolidated revenue growth of 8% to 11%. With increasing efficiency, continued implementation of the cost optimisation measures and the effects of the price rises, with which Krones will offset future cost increases, the company aims to further improve profitability.