Krone reports 77% rise in sales

Spelle, Germany: Commercial vehicle trailer and agricultural machinery maker Krone reports a 77% increase in sales for the financial year 2010/11.

The Commercial Trailer division generated sales worth €775m, the best performance within the group. After experiencing a substantial drop in sales in the wake of the financial crisis, the division’s latest performance reflects an increase of nearly 150%.

“Admittedly, these numbers superficially look impressive. Yet, put in perspective, the current results of commercial trailers are just comparable with the division’s 2006/2007 results,” says Bernard Krone, managing director.

Commercial vehicle trailer sales at Krone jumped 150% generating sales worth 775m

The Agricultural Machinery division anticipates a 24% growth in sales volume to €405m while Trade and Services business is up nearly 22%, passing the €100m mark for the very first time.

“Although some numbers sent in from our foreign subsidiaries are not final numbers as yet, the data presently available suggest €1.2bn in revenues, a result that translates into a stunning 77% increase over the previous year”, says Bernard Krone.

He attributes Krone’s success to “an innovative product line, the sound financial situation and an outstanding customer loyalty”.

The audited balance sheet is available in Krone’s Annual Report 2010/2011 to be published within the next few weeks.

A report on Krone’s trailer developments is published in Cold Chain News September/October issue available 1 September.

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