04. March 2019 | Packaging technology

Growth target for 2018 achieved

Umsatz steigt um 4,4 % auf 3,85 Mrd. Euro. Das Wachstumsziel von 4 % wurde somit erreicht.
Of the leading manufacturer of filling and packaging technology continued to grow in 2018
Source: Krones

Krones, a leading manufacturer of filling and packaging technology, continued to grow in 2018. Revenue increased by 4.4%, from €3,691.4 million to €3,854.0 million. The company thus attained the revised forecast of 4% revenue growth announced in autumn 2018. Adjusted for currency and acquisition effects, revenue in 2018 rose by around 5%.

Investment in new market reduced earnings

Krones’ earnings were significantly impacted by higher material and labour costs in 2018. The 5.3% EBT margin includes approximately €42 million in expenses for reorganisation and in connection with acquisitions. The largest part of these expenses are one-off costs relating to the set-up of the production site in Hungary. In total, earnings before taxes (EBT) in 2018 were down by €54.5 million year-on-year to €204.3 million.

 2019 forecast

Based on the actual macroeconomic outlook and the current expected development of the markets relevant to Krones, the company expects revenue growth of 3% and an EBT Margin of 6 % in 2019. The company's price increases on all bottling and packaging equipment and for process technology with effect from 1 May 2018 are likely to have a slight positive effect on earnings in the 2019 financial year.

All stated figures are preliminary and are subject to change in the course of auditing by the independent auditors.

edited by Thobias Quaß

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