Krone sales reach €2.2bn

Spelle, Germany: Krone Group generated sales of some €2.2bn in the financial year 2020/21, up from €1.9bn the previous year.

Three quarters of its revenue came from markets outside Germany.

Trailers and vehicles accounted for sales worth €1,374m .Consolidated earnings before income tax for the financial year 2020/2021 increased from €42m to €95.9m.

Coronavirus campaigns amounted to about €2m spent on materials, masks, sanitizers and the installation of the vaccination centres.

Bernard Krone, chairman said: “Add to this the labour costs incurred in the management of the pandemic situation and for precautionary measures.

“These indirect costs include those due to rescheduling, replanning and downtime in manufacturing during the quarantine and amount to about 8 million euros. The total costs add up to nearly €10m across the Krone Group during the past 22 months. It is particularly in view of this situation that we are very grateful for a most successful business year,” he said.