Krones

Krones AG (Frankfurt Stock Exchange: KRN) is a German manufacturer of packaging and bottling machinery headquartered in Neutraubling, Bavaria. Founded in 1951 as a semi-automatic labeling production company, Krones has grown to become a global leader in integrated packaging and bottling line systems for the beverage and liquid food industries. For the 2023 fiscal year, Krones reported annual revenue of EUR 4.72 billion.

Krones designs and implements complete production lines covering all steps of the beverage manufacturing process - from product and container production to filling, packaging, material flow and container recycling. The company's main products and services include:

• PET and glass bottle fillers

• Can filling lines

• Labeling machines

• Inspection systems

• Packaging and palletizing equipment

• Process technology solutions

• IT and automation systems

• lifecycle services and spare parts

Krones serves major beverage companies worldwide, with approximately one-fourth of the world's bottles filled on Krones-produced lines. The company has operations across Europe, North and South America, Asia and Africa.

In early 2024, Krones acquired Swiss injection molding machine manufacturer Netstal to expand its capabilities in PET preform and cap production. The company is also investing in digital solutions, having implemented SAP systems to improve operations across its global subsidiaries. For 2024, Krones is forecasting revenue growth of 9-13% and aims to further improve profitability with an EBITDA margin target of 9.8-10.3%. The company continues to focus on innovation and sustainability in packaging technology to meet evolving industry demands.