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.
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
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%).
Krones operates worldwide, delivering leading technologies for filling and packaging, process engineering, and intralogistics as well as IT solutions for the food and beverage industries. Our sound balance sheet and financial strength enable us to invest in new technologies – and to continue to offer our customers the best solutions. We are creating value for our customers and clear competitive advantages for our company.