Reported Earnings • 14m
Second quarter 2026 earnings released: EPS: €2.23 (vs €2.21 in 2Q 2025) Second quarter 2026 results: EPS: €2.23 (up from €2.21 in 2Q 2025). Revenue: €1.35b (up 1.1% from 2Q 2025). Net income: €70.5m (up 1.1% from 2Q 2025). Profit margin: 5.2% (in line with 2Q 2025). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 03
Upcoming dividend of €2.80 per share Eligible shareholders must have bought the stock before 10 June 2026. Payment date: 12 June 2026. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (5.6%). In line with average of industry peers (2.2%). Reported Earnings • May 11
First quarter 2026 earnings released: EPS: €2.17 (vs €2.40 in 1Q 2025) First quarter 2026 results: EPS: €2.17 (down from €2.40 in 1Q 2025). Revenue: €1.39b (down 2.4% from 1Q 2025). Net income: €68.5m (down 9.5% from 1Q 2025). Profit margin: 4.9% (down from 5.3% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 28
Krones AG, Annual General Meeting, Jun 09, 2026 Krones AG, Annual General Meeting, Jun 09, 2026, at 14:00 W. Europe Standard Time. New Risk • Mar 24
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Declared Dividend • Mar 23
Dividend increased to €2.80 Dividend of €2.80 is 7.7% higher than last year. Ex-date: 10th June 2026 Payment date: 12th June 2026 Dividend yield will be 2.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 22
Krones AG announces Annual dividend, payable on June 12, 2026 Krones AG announced Annual dividend of EUR 2.8000 per share payable on June 12, 2026, ex-date on June 10, 2026 and record date on June 11, 2026. Buy Or Sell Opportunity • Feb 25
Now 20% undervalued Over the last 90 days, the stock has risen 2.8% to €133. The fair value is estimated to be €167, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 9.8% per annum over the same time period. Aankondiging • Feb 19
Krones AG to Report Fiscal Year 2025 Results on Mar 20, 2026 Krones AG announced that they will report fiscal year 2025 results on Mar 20, 2026 Aankondiging • Feb 16
Krones AG to Report Fiscal Year 2025 Results on Feb 19, 2026 Krones AG announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Feb 19, 2026 Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: €2.15 (vs €2.08 in 3Q 2024) Third quarter 2025 results: EPS: €2.15 (up from €2.08 in 3Q 2024). Revenue: €1.44b (up 8.0% from 3Q 2024). Net income: €67.9m (up 3.5% from 3Q 2024). Profit margin: 4.7% (down from 4.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Sep 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 31
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €1.40b (up 5.9% from 2Q 2024). Net income: €69.7m (flat on 2Q 2024). Profit margin: 5.0% (down from 5.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in the United Kingdom. Upcoming Dividend • May 21
Upcoming dividend of €2.60 per share Eligible shareholders must have bought the stock before 28 May 2025. Payment date: 02 June 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.4%). Reported Earnings • May 10
First quarter 2025 earnings released: EPS: €2.40 (vs €2.08 in 1Q 2024) First quarter 2025 results: EPS: €2.40 (up from €2.08 in 1Q 2024). Revenue: €1.47b (up 17% from 1Q 2024). Net income: €75.9m (up 15% from 1Q 2024). Profit margin: 5.2% (in line with 1Q 2024). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 20% per year. Aankondiging • Apr 16
Krones AG, Annual General Meeting, May 27, 2025 Krones AG, Annual General Meeting, May 27, 2025, at 14:00 W. Europe Standard Time. New Risk • Apr 04
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Declared Dividend • Mar 23
Dividend increased to €2.60 Dividend of €2.60 is 18% higher than last year. Ex-date: 28th May 2025 Payment date: 30th May 2025 Dividend yield will be 2.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 21
Krones AG announces Annual dividend, payable on May 30, 2025 Krones AG announced Annual dividend of EUR 2.6000 per share payable on May 30, 2025, ex-date on May 28, 2025 and record date on May 29, 2025. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: €8.77 (vs €7.11 in FY 2023) Full year 2024 results: EPS: €8.77 (up from €7.11 in FY 2023). Revenue: €5.53b (up 16% from FY 2023). Net income: €276.9m (up 23% from FY 2023). Profit margin: 5.0% (up from 4.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year. Aankondiging • Mar 15
Krones AG to Report Fiscal Year 2024 Final Results on Mar 20, 2025 Krones AG announced that they will report fiscal year 2024 final results at 9:00 AM, Central European Standard Time on Mar 20, 2025 Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: €2.08 (vs €1.72 in 3Q 2023) Third quarter 2024 results: EPS: €2.08 (up from €1.72 in 3Q 2023). Revenue: €1.38b (up 17% from 3Q 2023). Net income: €65.6m (up 21% from 3Q 2023). Profit margin: 4.8% (up from 4.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: €2.19 (vs €1.83 in 2Q 2023) Second quarter 2024 results: EPS: €2.19 (up from €1.83 in 2Q 2023). Revenue: €1.35b (up 20% from 2Q 2023). Net income: €69.1m (up 19% from 2Q 2023). Profit margin: 5.1% (in line with 2Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 29
Upcoming dividend of €2.20 per share Eligible shareholders must have bought the stock before 05 June 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.1%). Reported Earnings • May 03
First quarter 2024 earnings released: EPS: €2.08 (vs €2.01 in 1Q 2023) First quarter 2024 results: EPS: €2.08 (up from €2.01 in 1Q 2023). Revenue: €1.31b (up 8.0% from 1Q 2023). Net income: €65.8m (up 3.6% from 1Q 2023). Profit margin: 5.0% (down from 5.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 30
Krones AG (XTRA:KRN) completed the acquisition of Netstal-Maschinen AG from KraussMaffei Technologies GmbH. Krones AG (XTRA:KRN) agreed to acquire Netstal-Maschinen AG from KraussMaffei Technologies GmbH for approximately €170 million on January 29, 2024. On February 6, 2024, Krones signed an agreement to acquire Netstal-Maschinen. Krones finances the purchase with existing liquid funds, but also may take advantage of partial debt financing. In the 2023 fiscal year, Netstal generated a revenue of more than €200 million. The final signing of the transaction is scheduled for beginning of February 2024. The transaction is subject to approval under the relevant antitrust legislation. Krones expects the transaction to be completed within the first half of 2024.
Martin Kolbinger of SZA Schilling, Zutt & Anschütz acted as legal advisor on the German legal aspects of the transaction, and Simone Ehrsam, Tino Gaberthüel, Arnold Romero, Till Haechler, Ananda Lee, Astrid Waser, Sandro Travaglini, abiano Menghini, Noémie Ammann, Helin Dalla Palma, Leo Rusterholz and David Hitz of Lenz & Staehelin acted as legal adviser on the Swiss legal aspect to Krones AG.
Krones AG (XTRA:KRN) completed the acquisition of Netstal-Maschinen AG from KraussMaffei Technologies GmbH on March 28, 2024. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: €7.11 (vs €5.92 in FY 2022) Full year 2023 results: EPS: €7.11 (up from €5.92 in FY 2022). Revenue: €4.95b (up 17% from FY 2022). Net income: €224.5m (up 20% from FY 2022). Profit margin: 4.5% (up from 4.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 16
Krones AG to Report Fiscal Year 2023 Results on Feb 22, 2024 Krones AG announced that they will report fiscal year 2023 results on Feb 22, 2024 Aankondiging • Jan 29
Krones AG (XTRA:KRN) agreed to acquire Netstal-Maschinen AG. Krones AG (XTRA:KRN) agreed to acquire Netstal-Maschinen AG on January 29, 2024. Krones finances the purchase with existing liquid funds, but also may take advantage of partial debt financing. In the 2023 fiscal year, Netstal generated a revenue of more than €200 million. The final signing of the transaction is scheduled for beginning of February 2024. The transaction is subject to approval under the relevant antitrust legislation. Krones expects the transaction to be completed within the first half of 2024. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: €1.72 (vs €1.43 in 3Q 2022) Third quarter 2023 results: EPS: €1.72 (up from €1.43 in 3Q 2022). Revenue: €1.22b (up 14% from 3Q 2022). Net income: €54.3m (up 20% from 3Q 2022). Profit margin: 4.5% (up from 4.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 27
Krones AG to Report Nine Months, 2023 Results on Nov 03, 2023 Krones AG announced that they will report nine months, 2023 results on Nov 03, 2023 Aankondiging • Sep 19
Krones Appoints Matthias Winkler as New Chairman of Audit and Risk Management Committee In an extraordinary meeting, the Audit and Risk Management Committee of the Supervisory Board of Krones AG elected Matthias Winkler as its new chairman. Matthias Winkler has been a member of the committee since 17 May 2021. The previous committee chairman, Norbert Broger stood aside by mutual agreement. Mr. Broger is to remain a member of the Audit and Risk Management Committee of the Supervisory Board of Krones AG. Krones is thus once again in full compliance with Recommendation C.10 of the German Corporate Governance Code. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: €1.83 (vs €1.36 in 2Q 2022) Second quarter 2023 results: EPS: €1.83 (up from €1.36 in 2Q 2022). Revenue: €1.18b (up 17% from 2Q 2022). Net income: €57.9m (up 35% from 2Q 2022). Profit margin: 4.9% (up from 4.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 18
Krones AG to Report Q2, 2023 Results on Aug 01, 2023 Krones AG announced that they will report Q2, 2023 results on Aug 01, 2023 Upcoming Dividend • May 17
Upcoming dividend of €1.75 per share at 1.6% yield Eligible shareholders must have bought the stock before 24 May 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (2.5%). Aankondiging • Feb 18
Krones AG to Report Q4, 2022 Results on Feb 23, 2023 Krones AG announced that they will report Q4, 2022 results on Feb 23, 2023 Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 17% share price gain to €105, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Machinery industry in the United Kingdom. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €116 per share. Buying Opportunity • Nov 02
Now 21% undervalued Over the last 90 days, the stock is up 3.5%. The fair value is estimated to be €117, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: €1.36 (vs €0.76 in 2Q 2021) Second quarter 2022 results: EPS: €1.36 (up from €0.76 in 2Q 2021). Revenue: €1.05b (up 22% from 2Q 2021). Net income: €43.0m (up 79% from 2Q 2021). Profit margin: 4.1% (up from 2.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.5%, compared to a 9.5% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jan 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.3%. The fair value is estimated to be €109, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% per annum over the last 3 years. The company became loss making over the last 3 years. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS €0.94 (vs €0.13 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €951.7m (up 26% from 3Q 2020). Net income: €29.7m (up €33.8m from 3Q 2020). Profit margin: 3.1% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 04
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €884.2m (up 16% from 2Q 2020). Net income: €24.1m (up €41.9m from 2Q 2020). Profit margin: 2.7% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Nov 27
New 90-day high: €59.93 The company is up 8.0% from its price of €55.50 on 28 August 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €73.37 per share. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue misses expectations Revenue missed analyst estimates by 0.7%. Over the next year, revenue is expected to shrink by 3.8% compared to a 3.1% decline forecast for the Machinery industry in the United Kingdom. Reported Earnings • Nov 14
Third quarter 2020 earnings released: €0.13 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: €789.4m (down 23% from 3Q 2019). Net loss: €4.10m (down 159% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 69% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. 
