Krones expands with 45% equity stake acquisition in Perfinox
The acquisition also aligns with Krones’ commitment to address the growing demand for packaged foods and beverages.
NIGERIA – German-based Krones group has acquired 45 percent equity stake in Perfinox, a Portuguese company that provides food industry solutions, to strengthen its presence in the food processing industry in West Africa.
The organisation stated that it was constantly innovating and seeking ways to best serve the people, hence the new acquisition.
Anthony Osunde, Head of Sales for Krones, revealed that with the new acquisition, the organisation will process heavy liquids such as ketchup, soups, puree, and sauces on both small and large scales.
“Krones is well known for many light drinks, such as carbonated drinks and water. However, the business has a new acquisition in the family – heavy liquid foods, which means soups, ketchup, sauces, hummus, and desserts”, he said.
He added that Perfinox will provide solutions for preparing and preserving high-viscosity food products, including fruit preparation.
“I’m very excited about what it means for Nigerians,” he said. “If we now have this technology where we can process more complex fluids, the sky’s the limit.”
He revealed that Perfinox brings significant value to the work that Krones does in the processing industry, particularly for major brands like Coca-Cola.
António Jorge Tavares, the CEO of Perfinox, expressed enthusiasm about the company’s partnership with Krones.
He highlighted that this collaboration would enhance Perfinox’s ability to innovate and expand its reach in the food processing industry.
Tavares emphasised the importance of combining Perfinox’s expertise in high-viscosity food processing with Krones’ global presence and technological capabilities, aiming to deliver sustainable and efficient solutions to customers worldwide.
Financial report 2024
Recently, Krones released its 2024 financial report, which revealed that revenue exceeded the €5 billion (approximately US$5 billion) mark, increasing by 12.1% year-over-year from €4.7 billion (US$5.07 billion) to €5.6 billion (US$6.04 billion).
EBITDA increased by 17.5% year on year, from €457.3 million (US$492.89 million) to €537.1 million (US$578.90 million). The EBITDA margin rose from 9.7% to 10.1%.
Free cash flow increased to €113.2 million (US$122.01 billion) (previous year: −€101.3 million (US$ 109.18 billion)). Return on capital employed (ROCE) also rose substantially from 16.3% in 2024 to 18.2%.
Based on the prevailing macroeconomic outlook and the current expected development of the markets relevant to Krones, the company forecasts consolidated revenue growth of 7% to 9% in 2025.
The company forecasts an EBITDA margin of 10.2% to 10.8%.
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