Krone Group’s revenue down 25% in 2024!
By Luke Willetts - 12th March 2025
Krone trailer
Germany – Agricultural machinery and on-road trailer builder, Krone Group (Bernard Krone Holding GmbH & Co KG) of Spelle, Germany, had a tumultuous year, as did the industry writ-large, with 2024 revenues of EUR 2.4 billion, compared to EUR 3.2 billion the previous year! The company cites political uncertainty, the ongoing war in Ukraine and decreased demand from European farmers and transport companies for its products. The company began implementing cost-cutting measures in 2024, which will continue into 2025. Of the EUR 2.4 billion, EUR 1.58 billion came from the Commercial Vehicle Division, a decrease of 26.1%, compared to 2023 figures of EUR 2.14 billion. 30.6% percent of its sales came from domestic trailer services and sales, an increase of 3.4%.
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