Spelle, Germany: Krone Group generated sales of around €2.5bn in the 2021/2022 financial year, up 15% on the previous year.
Bernard Krone, chairman, Krone Group said: “In times of increasingly fragile supply chains in a globalised economic world and in a rapid technical development characterised by strong upheavals, it is more important than ever to set up one’s own company solidly and make it fit for the future. For this reason, we are particularly grateful that we have made good progress in this direction in the past financial year.”
Sales of trailers were €1.7bn, up 22.9% buoyed by a strong domestic market that accounted for 67% of vehicle sales.
Dr David Frink, chief executive, Bernard Krone Holding, said: “Despite all the challenges of this time, we have managed together to successfully further expand the company with its numerous business areas.
“This special loyalty of the staff to Krone as an employer, the proximity to customers and the solid financial strength form a stable basis for future developments.”
Unforeseeable cost increases in material and energy purchasing put the group under financial pressure: return on sales fell slightly to €84.6m before taxes for the 2021/2022 business year. The return on sales before tax was 3.4% percent.
Software products and electronic developments continue to gain in importance, Krone says. In the commercial vehicle sector, the scope of services in telematics and other digital services for trailers has been further expanded.
Krone cites as an example, the cross-divisional development in the solar telematics solution Krone Smart Collect Solar, which was introduced in the agricultural technology and commercial vehicle sectors.
