Krones stock faces lower earnings forecasts after Q3 report

Krones stock traded at 111.10 euros on Lang & Schwarz at 11:36 CET on Wednesday, November 11, 2026, 0.27 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 how analysts have revised their forecasts for 2027.

In an analysis published on November 11, Simply Wall St said the latest consensus from ten analysts calls for Krones revenue of 5.87 billion euros in 2027. The estimate compares with 5.92 billion euros before the third-quarter report, while expected earnings per share fell to 10.38 euros from 10.64 euros.

Forecast Revisions Stay Limited

The revision points to a modest deterioration in earnings sentiment rather than a broad reset of the outlook. The consensus price target remained at 138 euros, with individual targets ranging from 105 euros to 173 euros. Simply Wall St also said analysts expect Krones revenue to grow at an annualized 3.1 percent rate through the end of 2027, below the 9.7 percent annual rate achieved over the previous five years and the 6.2 percent forecast for peers.

The analysis follows Krones' third-quarter update, which showed a mixed operating picture. According to the company's corporate release dated November 6, order intake rose 2.9 percent to 4.2236 billion euros in the first nine months of 2026. Currency-adjusted revenue increased 0.8 percent, while reported revenue was 4.0997 billion euros compared with 4.1074 billion euros a year earlier.

Profitability was stronger than sales. EBITDA increased 5.2 percent to 453.1 million euros, lifting the reported margin to 11.1 percent from 10.5 percent. Krones said a 10 million euro positive effect from US tariff refunds was included; adjusted for that item, the margin was 10.8 percent. Net income rose 2.7 percent to 219.5 million euros.

Growth Remains The Main Risk

Krones has 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. It reduced its currency-adjusted 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 billion euros.

For investors, the unchanged price target indicates that analysts have not made a major valuation adjustment despite trimming earnings forecasts. The slower expected revenue trajectory places greater importance on order conversion, fourth-quarter execution and the company's ability to defend margins in a more uncertain customer environment.

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