Spelle, January 2022. Supporting the efforts in the fight of the Corona pandemic, the Krone Group has conducted 25 vaccination campaigns at all its production sites since the outbreak of the pandemic, administering 8,300 vaccine doses of which about 50 percent were used to vaccinate employees of the Krone Group and 50 percent for their family members or the employees of neighbouring companies.

“The costs for these campaigns amounted to about 2 million euros spent on materials, masks, sanitizers and the installation of the vaccination centres proper,” explains Bernard Krone, Chairman of the Holding SE & Co. KG Supervisory Board. “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 10 million euros 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,” concludes Bernard Krone.

In consistently challenging markets, the Krone Group generated sales of about 2.2 billion euros in the financial year 2020/2021 (01/08/2020 – 31/07/2021), surpassing the results of the previous year (1.9 billion euros). 75 percent of this revenue was earned in markets outside Germany and 25 percent in Germany.

The Commercial Vehicles division reported sales worth 1,374.0 million euros and a plus of 17.8% over the previous year (1,166.2 million euros) whilst the Agricultural Machinery division reports another slight increase by 11.1% to 813.5 million euros (previously 731.9 euros).

The Group’s consolidated earnings before income tax for the financial year 2020/2021 increased from 42.0 million euros to 95.9 million euros. The Group’s profit on sales stood at 4.4% (2.2% in the previous year).