Krones continued its profitable growth path in the third quarter of 2025 despite the macroeconomic uncertainties. The company’s markets are generally less affected by economic fluctuations and Krones’ customers continue to show robust willingness to invest.
Order intake increased significantly in the third quarter, revenue growth on target nine months into the year
Krones’ order intake developed positively between July to September 2025, increasing by 6.2% on the preceding quarter to €1,374.3 million. Compared to the third quarter of the previous year (€1,323.2 million), order intake increased by 3.9%. Order intake over the first nine months, at €4,104.7 million, matched the very high level of the previous year (€4,116.1 million).
The order backlog of €4,286.8 million as of 30 September 2025 was on par with the end of 2024 (€4,289.5 million). This continued very large order backlog enhances Krones’ planning certainty and ensures production capacity utilisation in the lines and project business until mid of the third quarter of 2026.
Revenue from July to September 2025 improved by 4.7% year on year to €1,380.9 million. This resulted in a book-to-bill ratio – the ratio of order intake to revenue – of 1.00 in the third quarter. In the first nine months, revenue went up by 6.0% to €4,107.4 million, in line with target. The company’s revenue was also affected by the weakness of the dollar against the euro.
Krones improves profitability in third quarter
Krones’ profitability in the third quarter benefited from increased efficiency in production. Earnings were also positively impacted by the implementation of strategic measures to improve performance and the company’s cost structures. The third-quarter earnings figures were affected by expenses for the drinktec trade fair, which was in the high single-digit million-euro range. Despite this effect, Krones generated a disproportionately large increase in earnings before interest, taxes, depreciation and amortisation (EBITDA) to €142.2 million between July and September 2025 (previous year: €134.9 million). The EBITDA margin improved to 10.3% (previous year: 10.2%). Excluding the expenses for drinktec, the EBITDA margin for the third quarter was at the upper end of the target range of 10.2% to 10.8% for the full year 2025. Over the first nine months of 2025, the EBITDA margin rose year on year from 10.1% to 10.5%. The effects of the acquisition of Netstal Maschinen AG had a slight dilutive impact on the margin in the first three quarters of 2025.
Earnings before taxes (EBT) increased by 9.7% to €302.3 million between January and September 2025 (previous year: €275.6 million). The EBT margin consequently rose from 7.1% to 7.4%. On the bottom line, Krones generated consolidated net income of €213.7 million in the first nine months of 2025, up 6.5% year on year. Earnings per share improved to €6.75 (previous year: €6.35).
