Kepler lifts Krones to Hold and Krones stock gains 1.99 percent

Published on 10/06/2026 at 14:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kepler Cheuvreux moves Krones from Reduce to Hold on September 28, 2026. Krones stock costs EUR 107.50 on October 6, 2026 after EUR 105.40.

Flatlay mit Aktienzertifikat, ISIN-Karte, Zahnrad und Metallflasche auf dunklem Holztisch — Flatlay-Komposition für Krones AG DE0006335003 zeigt Aktienzertifikat, ISIN-Karte, Zahnrad und Metallflasche auf dunklem Holztisch arrangiert, Illustration mit AI erstellt.

Krones stock (ISIN DE0006335003) was trading at EUR 107.50 at Lang & Schwarz on October 6, 2026 at 2:16 p.m. CEST, up 1.99 percent versus the prior close of EUR 105.40. According to Finanznachrichten on September 28, 2026, Kepler Cheuvreux raised its rating from Reduce to Hold and removed Krones from its least-preferred capital-goods list. The upgrade followed a share-price decline of more than 20 percent during 2026, while the analyst retained a cautious view on the third quarter.

Orders rise as margins improve

First-half 2026 order intake increased 4.50 percent to EUR 2,852.5 million from EUR 2,730.4 million a year earlier, according to Packaging News Daily. The same period produced an EBITDA margin of 10.80 percent, up from 10.60 percent, and an order backlog of EUR 4,328.0 million at the end of June 2026.

Revenue for the first half of 2026 stood at EUR 2,714.9 million, compared with EUR 2,726.5 million in the first half of 2025. Currency-adjusted revenue rose 1.80 percent, showing that reported sales were pressured by translation effects rather than by a comparable decline in operating demand.

Guidance meets a cautious outlook

Krones confirmed its full-year 2026 EBITDA margin guidance of 10.70 percent to 11.10 percent. For investors, the combination of a 4.50 percent order-intake increase and a margin expansion to 10.80 percent provides the constructive side of the case, while the flat reported revenue keeps execution in the third quarter central.

Bernstein Research initiated coverage on September 21, 2026, with a Market-Perform rating and a EUR 111.00 price target, as reported by Finanznachrichten. The assessment pointed to restrained 2027 revenue and order-growth prospects linked to beverage-industry capital spending.

Stock rebounds while results approach

Krones had a market capitalization of EUR 3.4 billion as of October 6, 2026, while its 52-week range was EUR 103.80 to EUR 144.20. Simply Wall St lists November 6, 2026 as the date for Krones to report third-quarter 2026 results. That date gives the market a defined checkpoint for testing whether the first-half order trend and margin improvement continue.

EUR 107.50 remains the reference

At Lang & Schwarz, Krones was trading at EUR 107.50 on October 6, 2026 at 2:16 p.m. CEST, plus 1.99 percent versus the prior close of EUR 105.40 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Krones stock.