KRONES AG — Earnings Release 2001

Oct 25, 2001

News Details

Ad-hoc | 25 October 2001 21:07

Krones AG english

KRONES shows strong sales revenue and earnings growth Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– KRONES shows strong sales revenue and earnings growth KRONES once again confirmed its position as the market leader in filling and packaging machines and lines at the world”s largest trade show for beverage technology, the drinktec-interbrau in Munich. The product innovations presented by KRONES provided significant stimulus for the worldwide business of the KRONES Group. As in previous years, KRONES ambitious growth objectives were likewise met in the 50th year of the company”s history. Sales revenue increased in the first nine months of the current business year by 19.4 % to 848.2 million Euro (prior year: 710.2 million Euro) to remain on target. The foreign share is approximately 78 % (prior year: 75 %). Gains were realised in all important markets and product divisions. Despite a global economic slowdown, the order situation at KRONES is showing a positive trend. As of September, incoming orders increased by 6.6 % to 878.5 million Euro (prior year: 824.0 million Euro). Orders on hand for new machines and handling parts were higher than the previous year (562.0 million Euro), with 565.3 million Euro as of September 30th, 2001. Including the secondary market business, full resource utilisation has thus been ensured for the next 7 to 8 months. Thanks to the internal “Impulse” campaign, which was introduced in the previous year, the company”s profitability improved considerably. After-tax earnings increased by approximately 36 % to 36.7 million Euro (prior year: 27.0 million Euro). The increase in the number of employees was in step with the company”s development. KRONES workforce increased by 5.4 % to 8,304 (September of prior year: 7,880) as of September 30th, 2001. This growth trend likewise resulted in increased capital investment. 40.8 million Euro have already been invested for the introduction of new products and further streamlining and process optimisation in the company. This is approximately one third more than in the comparable period last year. These expenses were covered exclusively by current cash earnings. The Managing Board expects consolidated sales for the KRONES Group to increase by at least 10 % to over 1.12 billion Euro for the entire business year 2001. Additionally, KRONES is targeting a 25 % improvement in performance for the entire group. end of ad-hoc-announcement (c)DGAP 25.10.2001 ——————————————————————————– WKN: 633500; Index: MDAX Listed: Amtlicher Handel in Frankfurt, München; Freiverkehr in Bremen, Düsseldorf, Hamburg, Stuttgart 252107 Okt 01