Krones stock faces lower 2026 growth outlook despite margin targets

Published on 10/30/2026 at 09:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Krones stock trades at EUR 114.30 in early Friday trading. The company has cut its 2026 growth forecast while keeping its current-year margin and ROCE targets.

What changes for Krones

Krones cut its currency-adjusted 2026 revenue-growth outlook to 1% to 2% from 3% to 5%.
Preliminary currency-adjusted revenue rose 0.8% in the first nine months, while EBITDA reached EUR 453 million.
The company will publish its third-quarter statement on November 6, 2026.

Krones, DE0006335003, Illustration mit AI erstellt.

Krones cut its currency-adjusted revenue-growth forecast for 2026 on October 22, citing weaker market conditions, geopolitical tensions, higher costs for customers and continuing macroeconomic uncertainty. The details came in an ad-hoc disclosure from Krones.

Growth forecast cut for 2026

The company now expects currency-adjusted revenue growth of 1% to 2% in 2026, compared with its previous forecast of 3% to 5%. Krones said the weaker outlook reflects unfavorable developments in relevant markets and is expected to affect revenue growth in the fourth quarter.

Preliminary figures for the first nine months showed revenue of around EUR 4.10 billion. Revenue adjusted for currency effects reached approximately EUR 4.14 billion, up 0.8% from the prior-year period. EBITDA was expected to reach EUR 453 million, including a positive impact of approximately EUR 10 million from refunded US tariffs. Excluding that effect, the EBITDA margin was expected to stand at 10.8% after the first three quarters.

Profitability targets remain intact

Krones retained its 2026 EBITDA-margin target of 10.7% to 11.1% and its ROCE target of 19% to 20%. The company also adjusted its 2028 revenue ambition to EUR 6.0 billion to EUR 6.2 billion from around EUR 7 billion. Its medium-term EBITDA-margin target is now 11% to 12%, while the 2028 ROCE target remains above 20%.

Shares and next reporting date

The real-time quote of Krones stock was EUR 114.30 at Lang & Schwarz on Friday, October 30, at 9:34 a.m. Berlin time, 0.09% above the Xetra close of Thursday, October 29. Krones is scheduled to publish its third-quarter statement on November 6, 2026.