Krone overshoots EUR 2 billion turnover mark
Despite the somewhat taxing conditions in the agricultural machinery and commercial vehicle sectors, the Krone Group registered bumper sales of EUR 2.1 billion in FY 2017/2018 (1 August 2017 - 31 July 2018). The new record turnover came in well above the EUR 1.9 billion turnover in FY2016/2017.
The German group invested EUR 67 million in the past financial year, and its employee headcount rose by 400 to 4,900.
Satisfied managing partner Bernard Krone said: "The renewed increase in sales is proof that our strategy to establish ourselves as an all-round service provider in the commercial vehicles and agricultural machinery industries is spot on.
As a medium-sized family business we are flexible and innovative – and that is another advantage. With our equity ratio in excess of 47%, we also have the financial strength to make further investments." (mw)