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KRONES AG — Earnings Release 2011
Jul 27, 2011
251_rns_2011-07-27_8c6bb65c-6646-4f6b-a707-5adc17c44bdb.html
Earnings Release
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News Details
Ad-hoc | 27 July 2011 07:12
Krones AG: Healthy rise in Krones’ profits
Krones AG / Key word(s): Quarter Results
27.07.2011 07:12
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
During the first half of 2011, Krones AG, the world's market leader for
beverage filling and packaging technology, achieved significant increases
in all important ratios compared with the preceding year.
The company has been profiting from the cyclical upturn and the extensive
initiatives it has taken to upgrade its corporate performance.
During the first half of 2011, sales rose by 16.8 % in comparison to the
preceding year's figure to reach 1,257.5 million euros. In the year's
second quarter, the company's growth accelerated: at 650.8 million euros,
sales from April to June 2011 were 19.9 % up on the preceding year's
equivalent period. Order bookings rose by 19.8 % in the year's first half
to reach 1,323.4 million euros.
Krones' profitability showed a substantial improvement in the year' first
half. Earnings before taxes (EBT) rose from 32.0 million euros in the
preceding year to 69.2 million euros. The EBT margin, meaning pretax
earnings in relation to sales, was thus 5.5 % (preceding year: 3.0 %).
After taxes, Krones earned 49.2 million euros (preceding year: 22.1 million
euros) in the first half of the ongoing business year. This corresponds to
earnings per share of 1.62 euros (preceding year: 0.73 euros).
Krones still performing to plan
The global economy is on course for growth. Nonetheless, a feeling of
uncertainty remains. The global debt problem, above all, is a major hazard
for the business cycle. From today's perspective, however, Krones is
confident that the situational conditions will remain favourable overall
during the second half of 2011.
Krones anticipates that in comparison to 2010 sales will grow by
significantly more than 10 %, and appreciably exceed the previous record
high of around 2,381 million euros from 2008. For order bookings, too, the
company expects a new record high, laying solid foundations for further
growth. In addition, the Executive Board is very confident that Krones will
significantly improve its earnings, and achieve a pretax return on sales of
more than 5 % (preceding year: 3.3 %). From today's perspective, Krones
anticipates that the pretax earnings achieved in January to June will be
exceeded in the year's second half.
Kontakt:
Olaf Scholz
Leiter Investor Relations
Tel.: +49 9401 70-1169
E-Mail: [email protected]
27.07.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: Krones AG
Böhmerwaldstraße 5
93073 Neutraubling
Germany
Phone: +49 (0)9401 701169
Fax: +49 (0)9401 709 1 1169
E-mail: [email protected]
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 Announcement DGAP News-Service