Krones customers showed robust willingness to invest between January and September 2026. Order intake in the first three quarters rose by 2.9%, from €4,104.7 million in the previous year to €4,223.6 million.

Adjusted for currency translation effects, revenue increased by 0.8% in the first nine months of 2026. Reported revenue remained stable at €4,099.7 million (previous year: €4,107.4 million). This includes a negative revenue impact, not recognised in profit or loss, of approximately €20 million due to US tariff refunds.

The EBITDA margin from January to September improved from 10.5% in the previous year to 11.1%. This includes a positive earnings impact, recognised in profit or loss, of approximately €10 million from US tariff refunds. Adjusted for this effect, the EBITDA margin for the first three quarters of 2026 was 10.8%.

Krones’ free cash flow before M&A activities improved from −€21.3 million in the second quarter to +€25.8 million from July to September 2026. In the first three quarters of 2026, free cash flow (excluding M&A) amounted to −€5.0 million (previous year: +€80.2 million). Krones generated ROCE of 17.6% in the first nine months (previous year: 19.5%).

Based on the current forecasting for the fourth quarter of 2026, the company has revised its guidance for revenue growth in the full year 2026, adjusted for currency translation effects, to 1% to 2% (previous guidance: 3% to 5%). The Executive Board has retained the targets for the full year 2026 for the EBITDA margin (10.7% to 11.1%) and ROCE (19% to 20%).