KRONES AG — Earnings Release 2002

Jul 30, 2002

News Details

Ad-hoc | 30 July 2002 07:50

Krones AG english

KRONES’ profits up by 28 per cent / Still on track for continued success Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– With record figures for order bookings, sales and profits, the KRONES Group has presented an improved mid-year balance sheet for the third time in succession. The demand for machines, systems and service support from the packaging machinery producer in Neutraubling near Regensburg continues to rise. Order bookings at the KRONES Group increased in the year’s first half by 10.9 per cent to reach Euro 606.4 m. Sales over the same period, at Euro 669.9 m, are 15.8 per cent up on the preceding year’s equivalent figure. Profits developed with overproportional vigour over the first half of the year. Earnings after taxes came to Euro 32.2 m – a substantial improvement of 28.3 per cent over last year’s level. Besides the increases in sales, earnings have been primarily boosted by the efforts made in preceding years to upgrade corporate efficiency. Moreover, KRONES’ technological lead helps to further upgrade its top-ranking position worldwide in the packaging machinery sector, assuring continuingly successful business. On the basis of the orders currently on hand, KRONES anticipates that consolidated sales will grow by almost 10 % over the 2002 business year as a whole (preceding year: Euro 1,165 m). Net income is expected to show an overproportional rise (preceding year: Euro 50.3 m net income). end of ad-hoc-announcement (c)DGAP 30.07.2002 ——————————————————————————– WKN: 633500; ISIN: DE0006335003; Index: MDAX Listed: Amtlicher Markt in Frankfurt, München; Freiverkehr in Bremen, Düsseldorf, Hamburg, Stuttgart 300750 Jul 02