Krones cuts 2026 growth outlook: Krones stock gains 1.54 percent

Published on 10/26/2026 at 10:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Krones lowers 2026 growth guidance to 1% to 2% from 3% to 5%. Krones stock costs EUR 111.90 on October 26, 2026 versus Xetra close EUR 110.20.

Forecast and trading snapshot

Krones reduced its fiscal 2026 revenue growth forecast to 1.00 percent to 2.00 percent on October 22, 2026.
Preliminary currency-adjusted revenue reached EUR 4.14 billion in the first nine months of 2026, up 0.80 percent year over year.
Krones stock trades at EUR 111.90 at 10:14 a.m. CET at Lang & Schwarz on October 26, 2026, 1.54 percent above the Xetra close of October 23, 2026.

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 111.90 at Lang & Schwarz on October 26, 2026 at 10:14 a.m. CET, up 1.54 percent versus the Xetra close of October 23, 2026 at EUR 110.20. The company reduced its fiscal 2026 revenue growth forecast on October 22, 2026, while maintaining its full-year margin and return targets, according to Placera.se.

Growth outlook moves lower

Krones now expects fiscal 2026 revenue growth of 1.00 percent to 2.00 percent after previously forecasting 3.00 percent to 5.00 percent. The revision followed preliminary results for the first nine months of 2026 and planning for the fourth quarter.

The medium-term revenue target for fiscal 2028 was also reduced to EUR 6.0 billion to EUR 6.2 billion from EUR 7.0 billion. Krones retained its 2026 EBITDA margin target of 10.70 percent to 11.10 percent and its ROCE target of 19.00 percent to 20.00 percent, according to Placera.se.

What does the revision mean for margins?

The preliminary first-nine-month figures show the pressure is concentrated in growth rather than the stated margin goals. Currency-adjusted revenue reached EUR 4.14 billion, up 0.80 percent from the prior-year period, while preliminary EBITDA was EUR 453.0 million and the adjusted EBITDA margin stood at 10.80 percent. The figures included a EUR 20.0 million revenue effect and a EUR 10.0 million earnings effect from refunded US tariffs, according to Placera.se.

Analyst target remains EUR 167.00

Deutsche Bank kept its Buy recommendation and a EUR 167.00 price target on October 23, 2026, according to MarketScreener. The target is EUR 55.10 above the Lang & Schwarz price, a 49.24 percent premium based on the October 26, 2026 quotation.

Third-quarter results are next

Krones plans to publish its third-quarter 2026 results on November 6, 2026, according to the company announcement carried by Placera.se. That report will give investors the first complete quarterly view after the lower full-year growth forecast.

Stock holds above the Xetra close

The October 26, 2026 quotation puts Krones EUR 1.70 above the October 23, 2026 Xetra close. On October 23, 2026, Deutsche Bank's EUR 167.00 target remained well above the market price, while the company's updated forecast supplied the latest operating reference.

The further course of trading is shown by the continuously updated real-time quote of Krones stock.