Spread of the coronavirus
Krones assumes responsibility for its employees, customers and business partners. We have taken numerous measures to slow down the spread of the infection and continue to provide our customers with the best possible support.
Extreme uncertainty due to the corona situation is affecting investment confidence among customers. Order intake decreased by 38.2% in the second quarter. In the first half year, the contract value of orders went down by 28.5% to €1,457.3 million.
Cost reductions due to structural measures mitigate the negative earnings impact of the lower revenue. Earnings before interest, taxes, depreciation and amortisation (EBITDA) remained stable at €118.5 million compared with €116.9 million in the previous y
The development of the economy continues to be subject to great uncertainty in the short term. Because of this, it remains difficult to estimate the size of the adverse impacts on demand and investment confidence among our customers.
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.