Investor Relations

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Due to corona, revenue in the third quarter of 2020 fell 25.0% year-on-year to €750.4 million. Revenue from January to September was down 15.3% to €2,449.0 million (previous year: €2,889.7 million).

Quarterly statement Q3 2020 Krones Group Annual Report 2019
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Order intake picked up in the third quarter. At €843.6 million, the contract value of orders was about 37% or €227.4 million higher than in the second quarter. Order intake in the first nine months was down 22.2% overall to €2,300.9 million.

Quarterly statement Q3 2020 Krones Group Annual Report 2019
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Systematic cost savings reduced the negative impact of the revenue shortfall on earnings. Earnings before interest, taxes, depreciation and amortisation (EBITDA), at €147.3 million in the first nine months of 2020, was 10.3% below the previous year’s

Quarterly statement Q3 2020 Krones Group Annual Report 2019
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For the Krones Group in the full year 2020, the Executive Board expects revenue of approximately €3.3 billion (2019: €3,959 million), representing a decrease of about 17% and an EBITDA margin of 5.5% to 6.0% (2019: 5.7%).

Quarterly statement Q3 2020 Krones Group Annual Report 2019

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