Krones, the manufacturer of filling and packaging technology, published its 2019 Annual Report. The company looks back on a challenging year overall in 2019.
Despite the difficult general economic conditions, Krones achieved its 3% growth target. Revenue increased by 2.7% year-on-year, from € 3,854.0M to € 3,958.9M. Krones’ consolidated revenue was affected in 2019 by the plastic packaging debate. In plastics technology, where the company provides machines and lines for filling and packaging in PET, revenue was down primarily due to the public debate surrounding plastic. Krones was able to make up for this with growth in other areas.
Order intake improved by 3.2%, from € 3,957.3M in the previous year to € 4,083.5M in 2019. Krones had orders on hand totaling € 1,385.7M at the end of 2019. This exceeded the already high prior-year order backlog of € 1,261.1M by 9.9%.