Krones cuts 2026 outlook. Bernstein trims target for Krones stock to EUR 108

Published on 10/27/2026 at 10:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Krones cut 2026 growth guidance to 1% to 2% from 3% to 5%. Krones stock costs EUR 111.20 on October 27, 2026, 0.71 percent below Xetra close.

Outlook and analyst response

Krones cut its currency-adjusted 2026 revenue growth outlook to 1 percent to 2 percent on October 22, 2026.
Bernstein Research lowered its Krones target from EUR 111.00 to EUR 108.00 on October 23, 2026.
Krones stock trades at EUR 111.20 at 10:37 a.m. CEST at Lang & Schwarz on October 27, 2026, 0.71 percent below the Xetra close of October 26, 2026.

Krones, DE0006335003, Illustration mit AI erstellt.

Krones (ISIN DE0006335003) was trading at EUR 111.20 at Lang & Schwarz on October 27, 2026, at 10:37 a.m. CEST, down 0.71 percent versus the Xetra close of October 26, 2026 at EUR 112.00. The company had cut its 2026 growth outlook on October 22, 2026, while Bernstein Research later reduced its target from EUR 111.00 to EUR 108.00.

According to Yahoo Finance, Krones lowered its currency-adjusted revenue growth forecast for 2026 to 1 percent to 2 percent from 3 percent to 5 percent. The group also reduced its 2028 revenue plan to EUR 6.00 billion to EUR 6.20 billion from around EUR 7.00 billion, while keeping its 2026 EBITDA margin target at 10.7 percent to 11.1 percent.

Guidance reset hits 2026

The preliminary first nine months of 2026 produced EBITDA of EUR 453.00 million, including a EUR 10.00 million benefit from refunded US tariffs, according to MarketScreener. Excluding that effect, the EBITDA margin stood at 10.8 percent for the period.

What does the reset mean for margins?

The revised plan leaves the current-year margin target intact but narrows the 2028 EBITDA margin goal to 11 percent to 12 percent from 11 percent to 13 percent. This places greater weight on execution in the final quarter and on whether investment demand improves after the weaker end-market conditions cited in the company update.

The analyst response has been cautious rather than uniform. Börse Express reported on October 26, 2026, that Bernstein Research cut its target from EUR 111.00 to EUR 108.00 and retained its Market-Perform rating. The same report said LBBW reduced its target from EUR 130.00 to EUR 120.00 and changed its rating from Buy to Hold.

Dates investors can mark

Krones is scheduled to publish its final third-quarter 2026 figures on November 6, 2026, according to Yahoo Finance. That release will test whether the preliminary margin performance supports the revised full-year targets.

Stock stays below the prior close

The latest euro quotation keeps Krones below the Xetra close of October 26, 2026, while the guidance revision remains the central fundamental issue for the stock. The further course of trading is shown by the continuously updated real-time quote of Krones stock.