Germany's Krones Q1 order intake rises 5.3%, revenue dips

Krones AG

08/05/2026 05:57

Overview

Germany bottling equipment maker's Q1 order intake rose 5.3% yr/yr to €1.51 bln

Q1 revenue fell 2% yr/yr on reported basis, up 1.4% adjusted for currency effects

Company confirmed full-year 2026 financial targets

Outlook

Krones confirms 2026 revenue growth target of 3% to 5% adjusted for currency effects

Company forecasts 2026 EBITDA margin of 10.7% to 11.1%

Krones expects 2026 ROCE between 19% and 20%

Result Drivers

ORDER INTAKE - Higher customer investment drove 5.3% yr/yr growth in Q1 order intake, supporting a strong order backlog

CURRENCY EFFECTS - Revenue rose 1.4% yr/yr adjusted for currency translation, but fell 2% on a reported basis

COST OPTIMISATION - Profitability improved due to ongoing strategic measures to enhance performance and cost structures

Company press release: ID:nEQ55r9Nla

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Meet
EUR 1.38 bln
EUR 1.38 bln (1 Analyst)
Q1 EBITDA
Beat
EUR 148.90 mln
EUR 145 mln (1 Analyst)
Q1 Orders
EUR 1.51 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 €155.00, about 20.9% above its May 7 closing price of €128.20

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)