Germany's Krones H1 order intake rises 4.5%; confirms 2026 outlook

Krones AG

29/07/2026 05:56

Overview
Germany packaging machinery maker's H1 2026 revenue was flat, up 1.8% adjusted for currency
EBITDA margin for H1 2026 improved to 10.8% from 10.6%, driven by cost measures
Order intake rose 4.5% in H1 2026, reflecting robust customer demand

Outlook
Krones confirms 2026 guidance for revenue growth of 3% to 5% adjusted for currency effects
Company expects 2026 EBITDA margin of 10.7% to 11.1%
Krones forecasts 2026 ROCE between 19% and 20%

Result Drivers
ORDER INTAKE - Co said robust customer willingness to invest drove a 4.5% rise in H1 order intake
COST MEASURES - Co said improved profitability was due to strategic measures to improve performance and cost structures
CURRENCY EFFECTS - Co said revenue growth was negatively impacted by currency translation effects of around €60 mln in H1

Company press release: ID:nEQ6wS0Mga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 2.71 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Krones AG is €150.00, about 31.8% above its July 28 closing price of €113.80
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
July 28 - Switzerland's SIG Group H1 revenue falls on weak demand, market contraction
July 27 - Italian machine tool sector wants tougher EU trade rules on China
July 28 - Austria's Palfinger H1 profit falls on softer demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)