Krones stock faces softer 2027 forecasts after Q3 report
Published on 11/11/2026 at 17:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSForecasts Ease While Margins Hold
- Analysts trimmed their 2027 revenue and earnings expectations while leaving the consensus price target unchanged.
- Krones kept its 2026 profitability targets after stronger nine-month earnings and order intake.
- Slower growth and fourth-quarter execution remain the main issues for investors.
Krones stock traded at 112.20 euros on Lang & Schwarz at 17:05 CET on Wednesday, November 11, 2026, 1.26 percent above the Xetra close of Tuesday, November 10, at 110.80 euros. The latest investor focus is shifting from the nine-month results to analysts' revised 2027 forecasts.
In an analysis published on November 11, Simply Wall St said the consensus of ten analysts now calls for Krones revenue of 5.87 billion euros in 2027, down from 5.92 billion euros before the third-quarter report. Expected earnings per share fell to 10.38 euros from 10.64 euros, while the consensus price target remained at 138 euros. The forecast revision points to softer earnings sentiment without a broad valuation reset, according to the November 11 analysis.
Profitability Offsets Slower Growth
Krones' quarterly statement for the period ended September 30 showed order intake up 2.9 percent year on year to 4.2236 billion euros. Reported revenue slipped 0.2 percent to 4.0997 billion euros, while revenue adjusted for currency translation effects rose 0.8 percent.
EBITDA increased 5.2 percent to 453.1 million euros and the reported EBITDA margin improved to 11.1 percent from 10.5 percent. A positive earnings effect of approximately 10 million euros from US tariff refunds was included; adjusted for that item, the margin was 10.8 percent. Consolidated net income rose 2.7 percent to 219.5 million euros. These figures come from Krones' Q3 2026 quarterly statement.
Growth Is The Main Risk
Krones retained its 2026 EBITDA margin target of 10.7 percent to 11.1 percent and its return on capital employed target of 19 percent to 20 percent. At the same time, it reduced its currency-adjusted 2026 revenue-growth forecast to 1 percent to 2 percent from 3 percent to 5 percent and lowered its 2028 revenue target to 6.0 billion euros to 6.2 billion euros from approximately 7.0 billion euros.
The combination of firmer margins and weaker sales expectations leaves order conversion and fourth-quarter execution as the key watchpoints. The company said its order backlog stood at 4.3143 billion euros at September 30, with some orders not expected to generate revenue until the end of 2027 or later.
Krones AG share at a glance
- Company: Krones AG
- ISIN: DE0006335003
- Xetra ticker: KRN
- Lang & Schwarz price: 112.20 euros, Wednesday, November 11, 2026, 17:05 CET
- Change versus Xetra close: 1.26 percent above Tuesday, November 10, at 110.80 euros
- Reporting period: January to September 2026
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