Slide 1: Krones Preliminary Figures 2025
Krones Preliminary Figures 2025 Conference Call February 19, 2026 Christoph Klenk, CEO Uta Anders, CFO
Slide 2: Krones continued profitable growth path in 2025
Krones continued profitable growth path in 2025 – Executive Board forecasts further revenue and profitability growth for 2026 Krones markets are generally Revenue growth in 2025 by EBITDA margin in Q4 2025 Targets for 2026 follow the less affected by economic 7.0% and in line with our improved signi
Slide 3: Krones highlights Q1 – Q4 2025
Krones highlights Q1 – Q4 2025 €5.56 billion +7.0% 10.6% +€283 million Order intake Revenue EBITDA margin Free cash flow w/o M&A (PY €5.46 billion) €5,664 million (PY 10.1%) (PY +€293 million) 3 Krones Conference Call February 19, 2026
Slide 4: Targets 2025 achieved
Targets 2025 achieved Revenue growth EBITDA margin ROCE Targets 7% – 9% 10.2% – 10.8% 18% – 20% Actuals 7.0% ✓ 10.6% ✓ 19.1% ✓ All three key figures for 2025 were fully achieved 4 Krones Conference Call February 19, 2026
Slide 5: Order intake (€ million)
Order intake (€ million) Order intake (€ million) Order intake increases significantly 5,461 5,565 in Q4 2025; pipeline is still robust 5,377 -7.0% +1.6% +1.9% − Order intake rose significantly from 1,345 1,460 1,263 October to December 2025, reaching Q4 €1.5 billion, which is 8.6% higher than in th
Slide 6: Order backlog (€ million)
Order backlog (€ million) Order backlog (€ million) − Order backlog after 12 months of 4,290 2025 remained at a very high level of 4,122 4,190 +4.1% €4.2 billion +18.9% -2.3% − With a stronger growth in revenue than in order intake, the order backlog was slightly reduced by 2.3% − Delivery times imp
Slide 7: Krones' internationally balanced customer base
Krones‘ internationally balanced customer base – with 51% sales in developed markets and 49% in emerging markets – is one of its strategic strenghts Share of revenues (Q1 – Q4 ) Europe Eastern Europe/ Central Asia North and 30.1% 28.3% 28.3% Central America 5.1% 7.2% 7.3% 25.3% 23,1% 21.2% 2023 2024
Slide 8: Revenue development by quarter (€ million)
Revenue development by quarter (€ million) 5,664 Krones continues its profitable growth 5,294 +7.0% path and increased revenue by 7.0% after +12.1% 1,556 12 months of 2025 4,721 +12.2% 1,419 − Despite difficult macroeconomic conditions, sales rose to €5.7 billion in 2025, mainly 1,235 reflecting vol
Slide 9: Krones strengthens profitability significantly
Krones strengthens profitability significantly EBITDA (€ million) (€ million and %) EBITDA margin 31.12. in % 602.3 EBITDA margin in 2025 at 10.6% with +12.2% 537.1 171.6 EBITDA at €602 million (+12.2%) +17.5% − EBITDA margin in Q4 2025 improved 457.3 146.0 significantly from 10.3% to 11.0%. This is
Slide 10: EBT and EBT margin by quarter (€ million and %)
EBT and EBT margin by quarter (€ million and %) EBT (€ million) EBT margin 31.12. in % 424.1 +11.1% EBT margin increased in 2025 to 7.5% 381.6 121.8 vs. 7.2% prior year +22.9% − After 12 months in 2025, EBT also 106.0 increased by 11.1% up to €424 million 310.5 +28.3% and a EBT margin of 7.5% 75.1 9
Slide 11: Personnel and material expenses Q1 – Q4 (€ million and %)
Personnel and material expenses Q1 – Q4 (€ million and %) − Despite an increasing number of Personnel costs Q1 – Q4 (€ million) Material costs Q1 – Q4 (€ million) employees (+5%) in the last 12 months and raised wages and salaries in 2025 2,713 2,603 the personnel costs increased just by 8%. 2,382 T
Slide 12: Krones employees worldwide
Krones employees worldwide Germany Workforce expands 3.7% in 2025; outside of Germany headcount increased by 5.9%. Total headcount in the USA is around 1,600. Total Germany RoW 21,339 20,379 Thereof KAG 18,513 11,312 11,735 10,654 9,067 9,604 7,859 9,883 9,056 9,539 31.12.2023 31.12.2024 31.12.2025
Slide 13: Revenue and EBITDA per segment (1/3)
Revenue and EBITDA per segment (1/3) Filling and Packaging Technology Revenue development Q1 – Q4 Segment EBITDA (€ million) and (€ million) EBITDA margin (%) Q1 – Q4 − After a strong growth in Q4 2025 (+10%), the revenue in the core segment 4,774 increased in 12 months 2025 by 7.2%; this 4,454 mean
Slide 14: Revenue and EBITDA per segment (2/3)
Revenue and EBITDA per segment (2/3) Process Technology Revenue development Q1 – Q4 Segment EBITDA (€ million) and (€ million) EBITDA margin (%) Q1 – Q4 − Revenue in 2025 increased slightly by 1.2% yoy and is in the range of our expectations (target 2025: 0% to 5%). Revenue in units and components b
Slide 15: Revenue and EBITDA per segment (3/3)
Revenue and EBITDA per segment (3/3) Intralogistics Revenue development Q1 – Q4 Segment EBITDA (€ million) and (€ million) EBITDA margin (%) Q1 – Q4 − Despite challenging conditions on the international markets for intralogistics, revenue continued to develop well in the first 12 months 2025 and inc
Slide 16: Krones strengthens its financial position
Krones strengthens its financial position; maintaining a robust capital base is essential to manage global economic volatility − With €549 million in cash Liquidity reserves Equity (€ million) and equity ratio (in %) and €888 million in free 31.12.2025 credit lines, Krones holds a solid financial 2,
Slide 17: Working Capital 2025 (in %)
Working Capital 2025 (in %) Working Capital stabilized at 17.3% Working Capital of revenue Q4 Part of Working Capital in % (vs. 17.0% prior year) (%, average over four quarters) of revenue (last 12 months) − In absolute terms receivables/POC increased by 4.1%, with a revenue growth Receivables/PoC o
Slide 18: Free cash flow Q1 – Q4
Free cash flow Q1 – Q4 With a strong operative cash flow in 2025 (€ million) 2025 2024 the free cash flow (w/o M&A) was at Earnings before taxes (EBT) 424.1 381.6 €283 million again on a very high level +/– Other non-cash changes +257.3 +207.8 − The positive earnings performance contributed to €446
Slide 19: Free cash flow
Free cash flow Strong growth in free cash flow in Free cash flow (without M&A) in € million Q4 2025, in line with expectations − After 12 months the free cash flow was at a very high level. After a strong 398 cash generation in the fourth quarter, Krones have a comfortable liquidity situation 293 28
Slide 20: ROCE
ROCE − ROCE reached 19.1% in 2025, in line with ROCE Q1 – Q4 2023 – 2025* in % the full-year target range of 18% to 20%, and exceeding the 18.2% of prior year − This positive improvement is primarily driven by an 13% increase in EBIT during 19.1 the period 18.2 17.3 − The rise in earnings offsets th
Slide 21: Outlook 2026
Outlook 2026 21 Krones Conference Call February 19, 2026
Slide 22: Krones Outlook 2026
Krones Outlook 2026 further growth and improvement of profitability 3% – 5%* 10.7% – 11.1% 19% – 20% Revenue growth EBITDA margin ROCE *adjusted for currency translation effects There are various unpredictable factors that could affect the company’s business processes and production. These include g
Slide 23: Krones Outlook 2026 – Segment targets
Krones Outlook 2026 – Segment targets Filling and Packaging Process Intralogistics Technology Technology Revenue* 2% – 4% 0% – 5% 5% – 10% growth EBITDA 11.0% – 11.5% 9.0% – 10.0% 7.5% – 8.5% margin *adjusted for currency translation effects 23 Krones Conference Call February 19, 2026
Slide 24: Mid term targets 2028
Mid term targets 2028 ~7 bn 5.7 bn Revenue, bn € ~7% Revenue CAGR 2025 2028 target 11% – 13% 10.6% EBITDA margin, % +0.4 – 2.4 ppt EBITDA 2025 2028 target 19.1% >20% >1 ppt ROCE ROCE, % 2025 2028 target 24 Krones Conference Call February 19, 2026
Slide 25: Key take aways
Key take aways 1. Krones has continued its path of profitable growth in 2025 and improved profitability significantly 2. In 2025, revenue increased by 7.0% (including currency translation effects in an amount of €99 million), and the EBITDA margin reached 10.6%, so completely in line with expectatio
Slide 26: Questions and Answers
Questions and Answers 26 Krones Conference Call February 19, 2026
Slide 27: Conference Call Preliminary Figures 2025
Conference Call 27 Krones Conference Call February 19, 2026 Preliminary Figures 2025
Slide 28: Thank you for your attention!
Thank you for your attention! 28 Krones Conference Call February 19, 2026
Slide 29: Financial calendar 2026
Financial calendar 2026 May 8, 2026 Conference Call Group Quarterly statement for the period from January 1 to March 31, 2026 June 9, 2026 Annual General Meeting in Regensburg July 29, 2026 Conference Call Group Quarterly statement for the period from January 1 to June 30, 2026 November 6, 2026 Conf
Slide 30: Disclaimer
Disclaimer This investor presentation contains forward-looking statements that are based on current estimates, forecasts and assumptions made by Krones AG management to the best of its knowledge and other information currently available to Krones AG. The forward-looking statements of this presentati
Slide 31: SOLUTIONS BEYOND TOMORROW
SOLUTIONS BEYOND TOMORROW