Krones, the world’s leading manufacturer of filling and packaging technology, released its annual report for the financial year 2017 today. The company continued its stable, profitable growth and intends to give shareholders an appropriate share in its success.
Krones’ revenue grew 8.8 %
Krones’ revenue increased 8.8 % year-on-year to €3,691.4 million. Adjusted for acquisitions, revenue was up 7.2 %. Krones’ broad international diversification and comprehensive portfolio of products and services served the company well in 2017. The highest percentage revenue growth came in the South America/Mexico, Asia-Pacific, and Western Europe sales regions.
Order intake improved by 10.0 % year-on-year to €3,786.8 million in 2017. Adjusted for acquisitions, the increase was 7.1 %. While order intake in the Asia-Pacific and North America regions rose more than that, ordering activity was somewhat slower in China and the Middle East/Africa. At the end of 2017, Krones had orders on hand totalling €1,240.1 million, which is up 8.3 % year-on-year. The comfortable orders backlog provides a good basis for continued revenue growth. …
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