Krones looks back on successful 2021

German company Krones, a full-service provider for the international filling and packaging industries, including dairy, is looking back on a successful financial year in 2021.

According to the company, order intake increased by 30.5% in 2021, from €3,307.0 million to an all-time record high of €4,316.2 million. Krones had an order backlog totaling €1,893.0 million at the end of 2021, 56.3 % more than a year earlier.

Revenue increased by 9.4% year on year, from €3,322.7 million to €3,634.5 million.

Due to better production capacity utilisation and efficiency improvement measures that Krones continued to implement in the reporting year, Krones’ profitability improved significantly in 2021. Earnings before taxes (EBT) climbed from €–36.6 million in 2020 to €177.3 million in 2021.

Krones made a strong start to the 2022 financial year with a very large order backlog. But at the same time, various uncertainties mean that the business environment remains challenging for Krones. Above all, it is not currently possible to predict how the war in Ukraine will develop and how its consequences will impact the global economy.

Material shortages and problems in global supply chains as well as strong inflation in many countries additionally present risks for Krones. It is also uncertain how the Covid-19 pandemic will continue to play out.

For the full year 2022 the executive board forecasts revenue growth of 5% to 8%.