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KRONES AG — Earnings Release 2010
Mar 17, 2011
251_rns_2011-03-17_75aaa06f-c9ef-4512-b50f-5de43f8078a4.html
Earnings Release
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News Details
Ad-hoc | 17 March 2011 07:10
Krones AG: Krones reports stable uptrend / Pretax earnings rose by 110 million euros in 2010
Krones AG / Key word(s): Preliminary Results
17.03.2011 07:10
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.
Neutraubling, 17 March 2011 - Krones, the world's market leader for
beverage filling and packaging technology, has, according to the
provisional figures, finished the 2010 business year within the bandwidth
of its best-case prognosis.
Thanks to the current recovery on the sales markets involved, Krones has
been able to make full use of its strong market position worldwide and
increase its order bookings by +15 % to reach 2,194 million euros
(preceding year: 1,916 million euros).
Consolidated sales were up by +17 % at 2,173 million euros (preceding year:
1,865 million euros), thus already exceeding the threshold value achieved
in the pre-crisis year of 2007.
The programmes implemented for optimising costs and enhancing corporate
performance have proved meaningfully efficacious, so that earnings before
taxes were improved by a total of 110 million euros. In absolute figures,
Krones reports pretax profits of 70.8 million euros, following a loss of
39.2 million euros in the crisis-hit year of 2009.
Earnings after taxes are 50.9 million euros (preceding year: - 34.5 million
euros).
On the basis of this fine performance and the good starting situation for
2011, the Executive and Supervisory Boards will propose to the AGM a
dividend of 40 cents per share (preceding year:
no dividend).
Krones' financial and capital structure is thoroughly sound, with an equity
ratio of more than 40 %.
On the reporting date of 31 December 2010, the group had no debts with
banks, and possessed net liquidity of around 147 million euros.
Worldwide, the Krones Group was on 31 December 2010 employing 10,575 people
(preceding year: 10,238 employees), of whom 8,280 are working in Germany
(preceding year: 8,165 employees).
On the basis of the currently buoyant performance of the global economy and
the stable ongoing uptrend, Krones is expecting sales revenues to continue
their growth in 2011, with another significant rise in earnings as well.
The company will be presenting a more specific prognosis to coincide with
its balance sheet press conference in Munich on 27 April 2011.
Kontakt:
Olaf Scholz
Leiter Investor Relations
Tel.: +49 9401 70-1169
E-Mail: [email protected]
17.03.2011 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
Deutschland
Phone: +49 (0)9401 703258
Fax: +49 (0)9401 703786
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