Close
Search
Searching...
No results

    Krones Group Annual Report 2021

    Krones published its 2021 Annual Report and confirmed its preliminary figures.

    2021 Highlights

    • Krones recovered very well in 2021 from the pandemic-related recession in 2020. The company improved revenue by 9.4% to €3,634.5 million.
    • Order intake increased by 30.5% and reached an all-time record level of €4,316.2 million.
    • Krones significantly improved profitability. EBITDA increased from €133.2 million to €312.6 million. The EBITDA margin thus improved in 2021 to 8.6% (previous year: 4.0%). Adjusted for one-off effects, the EBITDA margin was 8.1%, compared to 6.2% in the previous year.
    • Krones generated free cash flow of €203.3 million in the reporting year (previous year: €221.3 million).
    • In view of the positive business performance, the company intends to pay a dividend for 2021 of €1.40 per share (previous year: €0.06 per share).
    • For the full year 2022, the Executive Board forecasts revenue growth of 5% to 8% with an improved EBITDA margin of 8% to 9% and ROCE of 10% to 12% (2021: 10.0%).
        2021 2020 Change
    Revenue € million 3,634.5 3,322.7 + 9.4 %
    Order intake € million 4,316.2 3,307.0 + 30.5 %
    Order backlog at 31 December € million 1,893.0 1,211.3 + 56.3 %
             
    EBITDA € million 312.6 133.2 + 134.7 %
    EBITDA margin % 8.6 4.0 + 4.6 PP*
    EBIT € million 170.9 – 40.8
    EBT € million 177.3 – 36.6
    EBT margin % 4.9 – 1.1 + 6.0 PP*
    Consolidated net income € million 141.4 – 79.7
    Earnings per share 4.47 – 2.52
    Dividend per share 1.40** 0.06
             
    Capital expenditure for PP&E and intangible assets € million 104.9 93.8 + €11.1 million
    Free cash flow € million 203.3 221.3 – €18.0 million
    Net cash at 31 December *** € million 378.3 184.9 + €193.4 million
    Working capital to revenue **** % 24.8 28.3 – 3.5 PP*
    ROCE % 10.0 – 2.2 + 12.2 PP*
             
    Employees at 31 December        
    Worldwide   16,303 16,736 – 433
    Germany   9,821 10,364 – 543
    Outside Germany   6,482 6,372 + 110

     

    *Percentage Points **As per proposal for the appropriation of earnings available for distribution
    ***Cash and cash equivalents less debt ****Average of last 4 quarters

    kronesEN
    kronesEN
    0
    10
    1