Krones stock gains as orders and profitability improve

Krones reported stronger orders and profitability for the first nine months of 2026 on Friday, November 6, while reducing its full-year revenue-growth outlook. The company said the updated forecast reflects adverse market developments, geopolitical conditions and higher costs for customers.

According to the EQS News release, order intake increased 2.9% year on year to 4,223.6 million euros from January through September. Reported revenue remained broadly stable at 4,099.7 million euros, while revenue adjusted for currency translation effects increased 0.8%.

Orders Support Visibility

The order backlog rose 3.0% to 4,314.3 million euros at the end of September. The book-to-bill ratio was 1.03, meaning orders exceeded revenue during the period. Krones noted that some backlog orders are not expected to become revenue until the end of 2027 or later, which supports visibility but limits the immediate sales contribution.

Profitability Holds Despite Effects

EBITDA increased 5.2% to 453.1 million euros, lifting the reported margin to 11.1% from 10.5% a year earlier. The figure includes an earnings benefit of approximately 10 million euros from US tariff refunds; excluding that effect, the EBITDA margin was 10.8%. Net income rose 2.7% to 219.5 million euros, and earnings per share reached 6.94 euros.

Krones retained its 2026 EBITDA margin target of 10.7% to 11.1% and its ROCE target of 19% to 20%. The company now expects currency-adjusted revenue growth of 1% to 2%, compared with the previous range of 3% to 5%. Its medium-term 2028 revenue target was also reduced to 6.0 billion euros to 6.2 billion euros from approximately 7.0 billion euros.

Stock Trades Above Xetra Close

Krones stock traded at 110.90 euros on Lang & Schwarz at 18:13 CET on Monday, November 9, 2026, 0.64 percent above the Xetra close of 110.20 euros on Monday, November 9. For investors, order conversion and customer investment conditions remain key indicators for the revised growth path.

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More news and analyses on Krones stock track the company’s revised growth outlook and operating performance.