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.
Overall economic uncertainties have significantly impacted customers’ investment confidence regarding new projects, especially since March 2020. Order intake in the first quarter decreased by 19.3% compared to the previous year.
Structural measures are beginning to take effect. Earnings before interest, taxes, depreciation and amortisation (EBITDA) went up, despite the lower revenue, to €89.5 million. The EBITDA margin improved to 9.5% (previous year: 8.7%).
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.