Krones, the Neutraubling-based German beverage machinery manufacturer, has reported a record-breaking fiscal year 2024. For the first time, the company surpassed EUR 5 billion in annual revenue, posting EUR 5.29 billion—an increase of 12.1% compared to the previous year. This performance is attributed to the robust investment activity within the international beverage industry, which remains comparatively resilient to economic fluctuations.
Order intake also rose by 1.6% year-on-year, reaching EUR 5.46 billion. As of year-end, the order backlog stood at EUR 4.29 billion, 4.1% higher than in 2023. These figures confirm the preliminary numbers released on 20 February 2025.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 17.5% to EUR 537.1 million, boosting the EBITDA margin from 9.7% to 10.1%. Earnings before taxes (EBT) climbed 22.9% to EUR 381.6 million. Net profit surged by 23.4%, reaching EUR 277.2 million, equivalent to EUR 8.77 earnings per share.
According to its dividend policy, which aims to distribute 25% to 30% of net income, Krones plans to propose a dividend of EUR 2.60 per share at its upcoming annual general meeting on 27 May 2025—an 18.2% increase from the previous year.
Despite acquiring Netstal Maschinen AG in 2024 for EUR 179.4 million (inside.beer, 29.1.2024), Krones achieved a strong free cash flow of EUR 113.2 million and maintained a solid net liquidity of EUR 439.9 million. Return on capital employed (ROCE) improved significantly from 16.3% to 18.2%, while equity ratio rose to 40.5%.
Looking ahead, Krones forecasts continued profitable growth for 2025, anticipating sales growth between 7% and 9%, an EBITDA margin of 10.2% to 10.8%, and a ROCE of 18% to 20%. The company expects its high order backlog and sustained market demand to ensure production capacity utilization well into 2026.
In a market environment where not all players fared equally well—highlighted by the recent insolvency of brewery machinery supplier Banke (inside.beer, 18.3.2025) - Krones' strong financials and strategic foresight underline its industry leadership.
In addition to its financial performance, Krones emphasized its sustainability goals. As outlined in its 2024 non-financial report - compiled for the first time in accordance with European Sustainability Reporting Standards (ESRS) - the company aims to reach net-zero emissions across its value chain by 2040. By the end of 2024, it had already achieved a 52% reduction in Scope 1 and 2 emissions compared to 2019 and an 18% reduction in Scope 3 emissions from sold products.
