Kepler Cheuvreux upgrades Krones stock to Hold

Published on 10/07/2026 at 13:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 1.47 percent to EUR 1.34 billion. Krones stock costs EUR 106.10 on October 7, 2026 versus EUR 107.40.

Flatlay mit Aktienzertifikat, ISIN-Karte, Zahnrad und Metallflasche auf dunklem Holztisch — Flatlay-Komposition für Krones AG DE0006335003 zeigt Aktienzertifikat, ISIN-Karte, Zahnrad und Metallflasche auf dunklem Holztisch arrangiert, Illustration mit AI erstellt.

Krones stock (ISIN DE0006335003) was trading at EUR 106.10 at Lang & Schwarz on October 7, 2026 at 1:17 p.m. CEST, down 1.21 percent versus the prior close of EUR 107.40. Finanznachrichten reported on September 28, 2026 that Kepler Cheuvreux raised its rating from Reduce to Hold. The upgrade followed a decline of more than 20 percent in Krones stock during 2026, which reduced the analyst's valuation concerns.

Hold rating meets resilient results

The rating change came after Krones delivered first-half 2026 order intake of EUR 2.85 billion, up 4.50 percent from EUR 2.73 billion a year earlier. The comparison is important because the broader food and packaging machinery sector recorded an 8.00 percent order decline in the same half-year, according to Aktienwelt360 on September 30, 2026.

That relative order performance gives Krones a clear operating cushion, but the share price still reflects investor caution. Kepler Cheuvreux kept its Hold view while removing Krones from its list of least-preferred capital-goods stocks, according to Finanznachrichten.

Margin guidance stays central

For the first half of 2026, Krones increased its EBITDA margin to 10.80 percent from 10.60 percent, while revenue reached EUR 2.71 billion versus EUR 2.73 billion in the prior-year period. Packaging News Daily reported on July 29, 2026 that Krones confirmed its full-year 2026 EBITDA margin guidance of 10.70 percent to 11.10 percent.

The figures point to a mixed operating picture: orders are expanding faster than the sector, while reported revenue is slightly lower because currency translation affected the first half. The next scheduled reporting date cited by Simply Wall St is November 6, 2026, when Krones is expected to report third-quarter results.

Stock remains near its yearly low

Krones stock was trading at EUR 106.10 at Lang & Schwarz on October 7, 2026 at 1:17 p.m. CEST, down 1.21 percent versus the prior close of EUR 107.40. The EUR 103.80 to EUR 144.20 52-week range places the price 26.42 percent below its high and 2.22 percent above its low, while market capitalization stood at EUR 3.3 billion as of October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Krones stock.