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Krones AG: Krones raises full-year guidance for 2021 and publishes preliminary half-year figures - Seite 2

The guidance for 2021 is subject to the assumption that there will be no severe impacts from the Covid-19 pandemic, problems in supply chains or other general economic impacts.

Krones will publish its Interim Report as of 30 June 2021 as planned on 3 August 2021.

 

Krones implements price increases

Since the start of the global Covid crisis, sales prices on Krones' markets have declined and remain on a relatively low level. Krones is aiming to restore pre-crisis price levels. In addition, the company also has to compensate for the significant increased material costs. For this reason, Krones will increase prices for all bottling and packaging equipment and for process technology by 6% effective August 1, 2021. This measure will enable Krones to continue to provide its customers worldwide with innovative products and services meeting the highest quality standards. At the same time, Krones will further intensify the measures launched in 2019 and 2020, making the Krones solutions more competitive yet. Krones intends to benefit from the currently growing demand in order to strengthen its leading market position in the beverage and food industries.

Contact:
Olaf Scholz
Head of Investor Relations, Krones AG
Tel.: [phone]
E-Mail: [e-mail]

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23.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language:	English
Company:	Krones AG
	Böhmerwaldstraße 5
	93073 Neutraubling
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.krones.com
ISIN:	DE0006335003
WKN:	633500
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID:	1221239