Krones, the world’s leading manufacturer of filling and packaging technology, continued to grow profitably in the first half of 2015. Revenue grew 4.8% year-on-year to €1,503.7 million. New orders also increased further, by 4.3% to €1,524.1 million. Earnings before taxes (EBT) rose 16.4% in the first six months of 2015, from €89.4 million in the previous year to €104.1 million. As a result, the EBT margin, the ratio of earnings before taxes to revenue, improved from 6.2% to 6.9%.
Because profitability exceeded Krones’ expectations in the first half of 2015 and the market outlook is positive overall, Krones is raising its EBT margin forecast for the year 2015 as a whole from 6.8% to 7.0%. The company’s target for revenue growth for 2015 remains unchanged at 4%.