Krones AG (XTER:KRN)
€ 130.8 -0.2 (-0.15%) Market Cap: 4.13 Bil Enterprise Value: 3.88 Bil PE Ratio: 5.05 PB Ratio: 2.33 GF Score: 85/100
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Q2 2021 Krones AG Earnings Call Transcript

Aug 03, 2021 / 11:00AM GMT
Release Date Price: €86.5 (+2.73%)
Olaf Scholz
Krones AG - Head of IR

So welcome. Just some information regarding the questions. (Operator Instructions)

So Christoph, sorry, once again, please, the floor is yours.

Christoph Klenk
Krones AG - Chairman of Executive Board & CEO

Yes. Thanks a lot, Olaf, Warm welcome to all of you. Nice to have you here for the conference call of Krones, and we already skipped the first slide and are immediately in the highlights of the first quarter. Again, Norbert and myself, we are a bit more relaxed than in the past since things are going quite well. We have tailwinds from the market, and we have a team, which is quite strong on execution as things are moving forward. And I would say we are on the track to achieve our targets.

Order intake was up by 40% in the first half of 2021, quite remarkable. We have not expected it on that level. I have to be honest, it's better than expected. We'll talk about the uncertainty later on. And of course, we brought in now the price increase of 6% for our new machines, which we are going to deal with in

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