Company: Krones
Business: A German producer of machines and production lines that are active in the fields of process, filling and packaging technology. Krones product portfolio contains intralogistics, information technology and factory planning. Their biggest field are the production line machines for the bottle and can shaped containers for water, beer, soft-drinks, still or sparkling wines and spirits. They are also highly active within the food, luxury-goods, chemical, cosmetics and pharmaceutical industries.
Active: All over the world. Over 90% of their sales are made outside of Germany. It was a bit funny to see their sales percentage divided into the different regions world wide because almost all of them were around 12-13% as if it was a strategically decided to diversify like that but I doubt that... I mean as a company one will in principle take every sale available. I think the reason might be that their competitors are also already present there... The Swedish company Sidel (Tetra Laval Group) as well as the German company KHS belonging to the Salzgitter Group (also on MDax and will be analysed shortly).
P/E: 28.8
