KRONES AG — Earnings Release 2010

Oct 27, 2010

News Details

Ad-hoc | 27 October 2010 06:59

Krones AG: Krones remains on course for substantial growth

Krones AG / Key word(s): Quarter Results

27.10.2010 06:59

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Neutraubling, 27 October 2010 - As the world's market leader for beverage
filling and packaging technology, Krones is continuing to benefit from the
worldwide economic recovery. During the period from January to September
2010, sales rose by 16.1 % to reach 1,583.0 million euros. The company has
been performing particularly strongly in the markets outside Europe, where
compared to the preceding year sales were up by almost 30 %. But on the
domestic market, too, demand for Krones' products and services rose
markedly. Order bookings after nine months totalled 1,617.7 million euros,
exceeding the preceding year's equivalent figure by 14.4 %. At the end of
September 2010, the order backlog, at 923.2 million euros, was 35.4 million
euros up on a like-for-like basis.

In the year's first nine months, Krones' earnings situation improved
substantially compared to the preceding year's figure. From January to
September, earnings before taxes (EBT) rose from minus 26.9 to plus 47.0
million euros, which corresponds to growth of 73.9 million euros. The EBT
margin during the period under review was thus 3.0 per cent. After taxes,
Krones earned 31.9 million euros in the year's first three quarters,
compared with a minus of 25.4 million euros in 2009. This produces earnings
per share of 1.05 euros (preceding year: minus 0.85 euros).

With an equity ratio of almost 39 % and net liquidity of 60.4 million euros
on 30 September, Krones' financial and capital structure continues to be
very comfortable, constituting a healthy foundation for further growth.

2010 as a whole sees better performance

Despite the macro-economic imponderables, Krones is continuingly confident
for the 2010 business year, and expects the sales growth target of up to 15
% to be reached. The company anticipates that this extremely auspicious
trend will continue, and that for 2010 a significantly positive result can
be earned, with a pretax return on sales of around 3 %.

For the 2011 business year, given no radical changes in the situational
conditions, Krones is confident of further improvements in both sales and
earnings.

The complete 3/2010 quarterly report can be retrieved under:
http://www.krones.com/downloads/Q3_2010_d.pdf

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Language: English
Company: Krones AG
Böhmerwaldstraße 5
93073 Neutraubling
Deutschland
Phone: +49 (0)9401 703258
Fax: +49 (0)9401 703786
E-mail: investor-relations@krones.com
Internet: www.krones.com
ISIN: DE0006335003
WKN: 633500
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Hamburg, Berlin, Düsseldorf, Stuttgart

End of Announcement DGAP News-Service

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