KRONES AG — Earnings Release 2010

Apr 27, 2010

News Details

Ad-hoc | 27 April 2010 10:15

Krones AG: Krones in the black again during the first quarter of 2010

Krones AG / Quarter Results

27.04.2010 10:15

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Neutraubling, Germany 27 April 2010 - Since the drinktec, the world's
biggest trade fair for the beverage and packaging industries, which was
held in September 2009, the entire sector has awoken from its state of
shocked paralysis. In addition, the macro-economic environment has improved
over recent months. Krones' sales, for example, at 533.5 million euros in
the first quarter of 2010, exceeded the previous year's figure of 482.3
million euros by 10.6 %. Order bookings had already risen last year from
quarter to quarter, a trend that accelerated during the first three months
of 2010. From January to March, the company received orders worth 550.4
million euros in all. In comparison to the first quarter of 2009, this
corresponds to a rise of 32.8 %. Orders on hand totalled 905.3 million
euros at the end of March, which means that Krones' order backlog has grown
by more than 135 million euros in the past twelve months.
From January to March, Krones achieved earnings before taxes (EBT) of 13.2
million euros. In the preceding year, EBT came to minus 4.0 million euros.
Earnings after taxes improved by 14.2 million euros to reach 9.1 million
euros. Earnings per share were 0.30 euros (preceding year: minus 0.17
euros).

Outlook

Following the most serious recession since the Second World War, the global
economy is recovering. Future developments, however, are still shrouded in
profound uncertainty. Krones' business model plus its clearly defined
corporate strategy have proved their worth. The company has learned its
lessons from the crisis, and with its change programme 'Conversion', which
stands for 'rethink and revamp', will mobilise even more perceptible
potentials so as to fit Krones for coping with more volatile markets.
In view of the encouraging performance during the first quarter of 2010,
Krones is cautiously optimistic for the year as a whole. The Executive
Board is anticipating growth in sales of 5 % to 15 %, and appreciably
positive consolidated earnings measured in the tens of millions. For the
2011 business year, Krones expects a further uptrend, given no significant
change in the situational framework.

Your contact person:
Olaf Scholz
Head of Investor Relations Krones AG
Tel.: +49 9401 70-1169
Email: olaf.scholz@krones.com

27.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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 Berlin, Düsseldorf, Hamburg, Stuttgart

End of News DGAP News-Service

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