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Krones (ETR:KRN) outlined its growth strategy, regional production plans and medium-term targets during a market presentation led by Olaf Scholz, the company's Head of Group Treasury and Investor Relations.

Scholz described Krones as the global leader in filling and packaging systems for beverages across PET plastic, cans and glass. While beer is a well-known part of the company's business, he said water is a larger driver, accounting for about 40% of sales. Carbonated soft drinks are also a key focus. He added that Krones machines are installed "all over the world," with only a few small countries lacking the scale for full filling and packaging lines.

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The company generated around EUR 5.6 billion in sales in 2025, according to Scholz, with an EBITDA margin of 10.6% and EBITDA slightly above EUR 600 million. He said book-to-bill was slightly below one, but emphasized that the company's order backlog remains above EUR 4 billion.

Growth Drivers Center on Beverages and Sustainability

Scholz said Krones' main business remains filling and packaging, which represents roughly 80% of sales. Process technology accounts for about 10%, while intralogistics is another smaller segment.

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He characterized the company's end markets as non-cyclical, supported by population growth, a rising middle class, urbanization and sustainability. Global beverage consumption is growing steadily at around 3% annually, he said, with bottled water growing faster at about 4.8%. Demand is particularly tied to hygienic bottled water in regions such as Africa, Asia-Pacific and South America, rather than markets like Germany where tap water is widely available.

Krones has operations across all major regions. Scholz said the company is the market leader in China for hygienic bottled high-speed lines, but is not overly dependent on China, with the broader Asia-Pacific region representing a larger share of sales. He also highlighted Middle East and Africa, including countries such as Nigeria and Uganda, where Krones serves both global key accounts and strong local customers. The company has more than 800 employees in Middle East and Africa, mainly in sales and service, and about 1,300 employees in Asia-Pacific.

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In the Americas, Scholz said South America is mainly driven by Brazil and Mexico, with Mexico serving as an important production and export region for customers delivering into the U.S. He said U.S. sales as a percentage of total revenue have declined, but are more stable when compared against group top-line growth.

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PET Loop and New Line Generation

Sustainability remains a major strategic driver, Scholz said. Following Krones' acquisition of Swiss company Netstal, closed in March 2024, the company can now offer equipment covering more of the PET bottle lifecycle, including injection molding for preforms, blow-molding technology for bottles, filling and packaging, and recycling technology. Collection activities are not part of Krones' portfolio, he noted.

Scholz said customers' net-zero strategies are one motivation for buying Krones lines, but he emphasized cost savings as equally important. Krones equipment uses less energy, plastic, water and labor, he said, helping customers reduce operating costs as well as environmental impact.

The company also highlighted Ingeniq, a new line generation introduced at the drinktec trade fair in Munich. Scholz said the system is not merely conceptual, noting that a sold line has been running in the United Kingdom since May last year at 104,000 bottles per hour in PET non-sparkling beverages.

Ingeniq combines high-end equipment, digital solutions and after-sales service under what Krones calls its Lifecycle Alliance. Scholz said the service model can include output guarantees, although Krones does not operate a pay-per-bottle model. He said the focus is lowering customers' total cost of ownership, which he estimated at EUR 500 million to EUR 750 million over 10 years for a filling and packaging line, with potential savings of about 10% through improved performance.

Production Footprint and Tariffs

Scholz said about two-thirds of Krones' production is in Germany, with the remainder outside Germany in locations including Hungary, China, the U.S. and Italy. He defended the centralized production model, saying it allows the company to use scale and invest in automation.

In response to a question about automation, Scholz said the initiative is focused on "growing without growing," rather than reducing headcount. The company is investing in a new logistics center in Germany to automate production logistics and improve project delivery and after-sales speed.

In the U.S., Krones is investing EUR 50 million in a new logistics center with small production capabilities, while maintaining larger intralogistics production in Arden, North Carolina. Scholz said the company decided against building a major U.S. line-production facility because it sees no direct local competition in filling and packaging lines, while labor costs and tariff-related parts costs would reduce the advantage. He said tariffs of 15% to 18% are paid by customers, not Krones, and that U.S. orders had slowed after tariff announcements but are now coming back.

Krones is also expanding production in China and India. Scholz said Chinese production will support "China for China" products developed with Chinese colleagues, while India is seen as an attractive market due to its population and regulatory changes. He said these investments are expected to contribute to sales beginning in 2027.

Segment Trends and Outlook

In process technology, Scholz said the brewery business is currently weaker, with limited demand for large brewery projects. Krones is focusing instead on pumps, valves, homogenizers, heat exchangers and decanters, which he described as higher-margin opportunities. He also noted a new project for an ice cream plant.

In intralogistics, Krones is concentrating on automated picking solutions rather than large high-bay warehouse projects. About 60% of intralogistics sales are tied to the beverage industry, with the rest in industries such as groceries. Scholz said the market remains large because about 60% of production is not automated, but he acknowledged Krones is small compared with larger players in the field.

For the current outlook, Scholz reiterated guidance for 3% to 5% sales growth, an EBITDA margin of 10.7% to 11.1%, and return on capital employed of 19% to 20%, assuming no major supply-chain issues. He said first-quarter sales growth of 1.4%, excluding currency translation effects, should improve in the second half, with intralogistics typically stronger toward year-end. The second quarter may be weaker because of holidays in Germany and Bavaria, he added.

Krones' medium-term target is revenue of around EUR 7 billion in 2028 and an EBITDA margin range of 11% to 13%. Scholz called the target ambitious but said beverage consumption growth, Krones' market position and new production capacity support the goal.

Scholz also said Krones has about EUR 400 million to EUR 500 million in net cash, no bank loans and an equity ratio of roughly 42% to 43%. The company's dividend policy is to distribute 25% to 30% of after-tax profit.

About Krones (ETR:KRN)

Krones AG, together with its subsidiaries, engages in the planning, development, and manufacture of machines and lines for the production, filling, and packaging technology in Germany and internationally. It operates in three segments, Filling and Packaging Technology, Process Technology, and Intralogistics. The Filling and Packaging Technology segment offers machines and lines for stretch blow molders, bottle washing, filling, inspection, labelling, conveying, product packing, palletizing, treatment, technology products, as well as for producing PET containers and converting used plastic bottles into food-grade recycled material.

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The article "Krones Targets €7 Billion Revenue by 2028 as Beverage Demand Fuels Growth" was originally published by MarketBeat.

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Während Krones AG (ETR:KRN) möglicherweise nicht den größten Marktwert hat, sah sie in den letzten Monaten einen signifikanten Preisverlauf auf der XTRA, mit Höchstständen von €142 und Tiefständen von €113. Einige Preisbewegungen können Investoren eine bessere Gelegenheit bieten, in das Unternehmen einzusteigen und möglicherweise bei einem niedrigeren Preis zu kaufen. Eine Frage ist, ob der aktuelle Handelspreis von €123 des Mid-Caps Krones AG (ETR:KRN) dem tatsächlichen Wert entspricht oder ob er momentan unterbewertet ist, was uns die Gelegenheit bietet, zu kaufen. Lassen Sie uns einen Blick auf das Ausblick und den Wert von Krones anhand der neuesten Finanzdaten werfen, um zu sehen, ob es Catalysts für einen Preiswechsel gibt.

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Company Logo

The recycled terephthalic acid (rTPA) market presents key opportunities through its increasing demand in sustainable practices across automotive, textiles, and packaging industries. Driven by a shift toward circular economy, government regulations, advancements in recycling technologies, and consumer preferences for eco-friendly products, the market is seen to grow significantly. The competitive landscape is dominated by global companies leveraging advanced technologies and large-scale operations, while challenges such as recycling costs and feedstock quality remain. The market is expected to experience substantial growth, especially in regions like Asia, where industrial advancement and firm environmental policies are prevalent.

Dublin, April 20, 2026 (GLOBE NEWSWIRE) -- The "Recycled Terephthalic Acid Market, Till 2035: Distribution by Type of Product, Derivative, Application Area, Type of Enterprise, and Geographical Regions: Industry Trends and Forecasts" report has been added to ResearchAndMarkets.com's offering.

The global recycled terephthalic acid market size is estimated to grow from USD 2.34 billion in the current year to USD 3.78 billion by 2035, at a CAGR of 4.90% during the forecast period, till 2035.

Recycled terephthalic acid (rTPA) is a substance created through the chemical recycling of post-consumer plastic waste, mainly sourced from bottles and textiles. It serves as an eco-friendly substitute for virgin terephthalic acid, which is derived from fossil fuels. rTPA is utilized in the production of new polymers such as recycled PET (rPET) resins, which are employed in packaging, textiles, and various other products, contributing to the minimization of plastic waste and a reduction in carbon emissions.

The increasing focus on sustainability within the automotive industry is boosting the demand for r-PTA, with manufacturers like Ford utilizing recycled plastics in both the interior and exterior parts of vehicles. This transition supports environment friendly manufacturing practices and aligns with the growing consumer demand for sustainable products.

Strict environmental regulations in areas such as Europe and India are promoting the use of r-PTA by requiring greater recycled content and aiming to decrease plastic waste. These regulations are significant factors contributing to the expansion of the Indian terephthalic acid market, motivating producers to meet quality standards for recycled terephthalic acid and sustainability objectives.

Recycled Terephthalic Acid Market: Competitive Landscape of Companies in this Industry

The competitive landscape of the recycled terephthalic acid market is characterized by intense competition, featuring a combination of major global players, such as ALPLA, Alpek, Far Eastern New Century Corporation (FENC), Indorama Ventures and SK chemicals. These firms maintain their dominance through integrated production capabilities, investments in cutting-edge recycling technologies, and facility expansions across Asia-Pacific, Europe, and North America.

Key Drivers Propelling Growth of Recycled Terephthalic Acid Market

The primary factors propelling the recycled terephthalic acid market, include increasing environmental consciousness, strict regulations that require higher amounts of recycled material in plastics, and a worldwide shift towards circular economy practices in sectors such as textiles, packaging, and automotive. Authorities in areas like Europe and India are implementing policies aimed at decreasing plastic waste and reliance on fossil fuels, while corporate sustainability efforts from companies such as Ford boost the demand for rTPA in environmentally friendly products.

Furthermore, consumer inclination towards sustainable products, improvements in recycling technologies like chemical depolymerization, and funding in waste management are further fueling the growth of the market, establishing rTPA as a viable substitute for virgin materials.

Key Technologies Producing Recycled Terephthalic Acid

The primary technologies for generating recycled terephthalic acid (rTPA) involve chemical recycling methods like hydrolysis, glycolysis, and methanolysis, which decompose PET (Polyethylene Terephthalate) waste into its basic building blocks. Although hydrolysis is presently the leading method for producing high-purity rTPA, glycolysis and methanolysis is also commonly employed to create valuable intermediates. Additionally, enzymatic recycling is gaining recognition as a potential effective approach.

How does r-PTA Support the Circular Economy?

Recycled terephthalic acid (r-PTA) plays a crucial role in the circular economy by converting post-consumer PET waste into high-quality monomers through chemical recycling methods such as glycolysis, methanolysis, and hydrolysis, thereby completing the loop for reusable PET production in bottles, fibers, and packaging.

Story Continues

This effort decreases dependence on virgin petroleum-based PTA, reduces the accumulation of plastic waste in landfills and oceans, and cuts energy consumption by 50-80% in comparison to primary production, while enabling numerous recycling cycles for continuous material circulation. Policies encouraging recycled content, commitments from brands toward sustainable packaging, and investments in advanced depolymerization technologies further enhance scalability, reducing environmental impacts and promoting resource efficiency across the textiles, fast-moving consumer goods (FMCG), and automotive industries.

Key Market Challenges

The recycled terephthalic acid (rTPA) market faces significant financial and operational challenges due to the high costs associated with chemical recycling technologies, which require sophisticated equipment, considerable energy consumption, and continuous maintenance, making it difficult for small and medium-sized businesses to scale up.

The ineffective collection, sorting, and processing of PET waste, especially for colored, blended, or contaminated plastics, restricts the availability and quality of feedstock. Additional challenges include strict environmental regulations that raise compliance costs, price fluctuations in comparison to virgin materials, supply shortages worsened by global supply chain disruptions, and competition from bio-based alternatives such as bio-PET.

Regional Analysis: Asia to Hold the Largest Share in the Market

Asia currently captures a significant share of the recycled terephthalic acid market. This is due to its swift industrial growth and vast manufacturing capabilities in countries like China, India, Indonesia, and Vietnam, which produce significant amounts of PET waste from their thriving textiles and packaging industries. The adoption of rPTA is further driven by stringent environmental regulations, government-led recycling programs, and increasing corporate commitments to sustainability.

Recycled Terephthalic Acid Market: Key Market Insights

Market Share by Type of Product

According to our estimates, currently, clear products capture majority share of the market. This growth is due to the ease of converting clear plastic waste into terephthalic acid, along with its promising applications in various industries. Additionally, clear materials are typically more economical to recycle since they do not necessitate extensive filtering processes, benefiting the PET recycling sector.

Market Share by Application Area

According to our estimates, currently, packaging captures majority share of the market. Packaging products made from recycled PET demonstrate excellent resistance to solvents, chemicals, and moisture, making them very suitable for food and beverage sectors that necessitate strict safety and quality standards.

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Recycled Terephthalic Acid Market Scope

Companies Featured

ALPLA Group Alpek Biffa Carbios DePoly Evergreen Plastics Far Eastern New Century INTCO Recycling Krones Loop Industries SUEZ Unifi

Type of Product

Clear Colored

Type of Derivative

Dimethyl Terephthalate Polybutylene Terephthalate Polyethylene Terephthalate Polytrimethylene Terephthalate

Application Area

Adhesives Chemical Intermediates Fibers Packaging Paints & Coatings Pharmaceuticals

Type of Enterprise

Large Enterprises Small and Medium Enterprises

Geographical Regions

North America US Canada Mexico Other North American countries Europe Austria Belgium Denmark France Germany Ireland Italy Netherlands Norway Russia Spain Sweden Switzerland UK Other European countries Asia China India Japan Singapore South Korea Other Asian countries Latin America Brazil Chile Colombia Venezuela Other Latin American countries Middle East and North Africa Egypt Iran Iraq Israel Kuwait Saudi Arabia UAE Other MENA countries Rest of the World Australia New Zealand Other countries

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Complimentary Dynamic Excel Dashboards for Analytical Modules Exclusive 15% Free Content Customization Personalized Interactive Report Walkthrough with Our Expert Research Team Free Report Updates for Versions Older than 6-12 Months

For more information about this report visit https://www.researchandmarkets.com/r/k40md7

About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Zusammenfassung (ca. 500 Wörter)

Dieser Artikel, verfasst von Simply Wall St, analysiert Krones AG (KRN), ein mittelständisches Unternehmen im Maschinensektor. Die jüngste Aktienkursvolatilität – die zwischen €120 und €135 schwankt – bietet Investoren eine Gelegenheit. Die Kernfrage ist, ob der aktuelle Aktienhandelspreis von €127 die tatsächliche Wertigkeit des Unternehmens widerspiegelt oder ob es derzeit unterbewertet ist.

Die Analyse stützt sich stark auf einen Preis-zu-Ertrag (P/E) Vergleiche. Krones’ P/E Ratio von 13,88x ist niedriger als der Branchen-Durchschnitt von 20,31x, was darauf hindeutet, dass der Aktienkurs im Vergleich zu seinen Wettbewerbern günstiger ist. Diese niedrigere Bewertung wird durch eine relative Stabilität des Betas (geringe Volatilität) im Vergleich zum Gesamtmarkt gestützt. Die erwartete Gewinnsteigerung von 44% in den nächsten Jahren stärkt darüber hinaus die Argumentation für eine Unterbewertung, was auf einen möglichen Anstieg der Cashflows und folglich des Aktienwerts hindeutet.

Der Artikel hebt hervor, dass die niedrige P/E-Ratio und die vielversprechende Wachstumsaussicht Krones zu einer attraktiven Investition für Investoren machen. Dies gilt insbesondere für diejenigen, die mehr Anteile anhäufen möchten, da der aktuelle Preis das Potenzial des Unternehmens nicht vollständig widerspiegelt.

Allerdings ist die Analyse nicht ohne Einschränkungen. Der Artikel betont die Notwendigkeit, neben dem P/E-Verhältnis und den Wachstumsprognosen andere Faktoren zu berücksichtigen. Dazu gehören die Gesamtfinanzgesundheit des Unternehmens. Darüber hinaus wird empfohlen, die Erfolgsbilanz des Managementteams zu prüfen und potenzielle Risiken, denen Krones ausgesetzt ist, zu identifizieren. Ein spezifisches Warnsignal – betreffend Krones – wird hervorgehoben, das Investoren zur gründlichen Due Diligence auffordert.

Der Artikel richtet sich gezielt an zwei Arten von Investoren: bestehende Aktionäre, die ihre Beteiligung erhöhen möchten, und potenzielle Investoren, die Krones zum ersten Mal in Betracht ziehen. Er ermutigt zu einem ausgewogenen Ansatz, der quantitative Analyse mit qualitativen Aspekten verbindet. Es wird betont, dass die Analyse von Simply Wall St auf historischen Daten und Analystenprognosen basiert und keine Anlageberatung darstellt. Es handelt sich um eine allgemeine Bemerkung, die informieren soll, nicht aber Anlageentscheidungen zu treffen.

Would you like me to translate any specific part of the article into German, or perhaps adjust the summary to focus on a particular aspect?

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Zusammenfassung

Die Aktien von Krones AG (KRN) hatten eine positive Woche, nachdem die Ergebnisse des dritten Quartals veröffentlicht wurden, wobei die Aktien um 5,7 % auf 130 € stiegen. Die Ergebnisse waren jedoch insgesamt leicht enttäuschend. Die Einnahmen von 1,4 Milliarden Euro entsprachen den Analystenprognosen, aber die Gewinnzahlen gingen 2,3 % unter den Erwartungen zurück und beliefen sich auf 2,15 Euro pro Aktie.

Nach diesen Ergebn haben die Analysten ihre Gewinnmodelle überarbeitet. Der aktuelle Konsensprognose für 2026 sieht Einnahmen von 5,95 Milliarden Euro und einen moderaten Anstieg der Gewinnbeteiligung um 17 % auf 10,77 Euro vor. Dies war zuvor mit 5,97 Milliarden Euro und 10,84 Euro geschätzt worden. Die Konsens-Preisziel bleibt bei 153 Euro.

Trotz der Überarbeitungen ist die Differenz zwischen optimistischen und pessimistischen Analysten-Schätzungen immer noch gering, was auf eine Abhängigkeit von Kernannahmen hindeutet. Die bullischste Schätzung liegt bei 176 Euro pro Aktie, während die pessimistischste bei 136 Euro liegt. Dies deutet auf eine relativ einfache Bewertung hin.

Ein wichtiger Punkt, der hervorgehoben wird, ist die erwartete Verlangsamung des Umsatzwachstums von Krones. Die aktuelle Prognose sieht ein Umsatzwachstum von 2,9 % auf Jahresbasis bis Ende 2026, deutlich unter dem historischen Durchschnitt von 11 % in den letzten fünf Jahren. Die breitere Branche hingegen wird ein Umsatzwachstum von 5,7 % jährlich erleben.

Die Analysten äußern weiterhin Selbstvertrauen und bestätigen die Umsatz- und Gewinnprognosen. Das Preisziel bleibt bei 153 Euro. Der Fokus verschiebt sich nun auf die langfristige Entwicklung der Gewinne.

Simply Wall St bietet umfassende Analystenprognosen, die bis 2027 verfügbar sind und kostenlos auf ihrer Plattform eingesehen werden können.