KRONES AG — Earnings Release 2012

Jul 25, 2012

News Details

Ad-hoc | 25 July 2012 07:13

Krones AG: Krones confirms targets for 2012

Krones AG / Key word(s): Half Year Results

25.07.2012 07:13

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Ad-hoc press release
25.07.12

Krones confirms targets for 2012

With the figures for the first half of 2012, Krones, the world's market
leader for beverage filling and packaging technology is well on track to
reach its targets for the year as a whole. Sales in the first six months of
2012 were up by 2.6 % on the preceding year's equivalent figure, from
1,257.5 to 1,289.7 million euros.
Sales growth is predicted to accelerate during the year's second half. From
January to June 2012, Krones received orders worth 1,327.8 million euros,
up by 0.3 % on the preceding year's good figure of 1,323.4 million euros.
Order on hand effective 30 June 2012 totalled 980.4 million euros
(preceding year: 974.6 million euros).

As expected, earnings before taxes (EBT) were after six months down on the
preceding year's high level, decreasing by 7.5 % from 69.2 to 64.0 million
euros..
The EBT margin, meaning the pretax earnings in relation to turnover, came
to 5.0 % during the year's first half (preceding year: 5.5 %).
After taxes, during the first six months of 2012 Krones earned 44.2 million
euros, 10.2 % less than in the preceding year's equivalent period (49.2
million euros). Earnings per share fell from 1.62 to 1.47 euros. The
business figures for the year's second quarter, however, are fully in line
with the original budget.

Outlook

In the second quarter of 2012, the prospects for the global economy
deteriorated. In Europe, particularly, the debt crisis is putting an
ever-increasing brake on business activity. The markets in the newly
industrialising and developing countries, by contrast, continue to look
quite auspicious for further growth. About 60 % of Krones' consolidated
turnover comes from emerging markets. On the basis of trends in the
company's markets and the uncertain macro-economic prospects, Krones
anticipates that its turnover will rise by up to 4 % in 2012 compared to
the preceding year's figure.

Krones is aiming in 2012 for a substantial increase in consolidated
earnings compared to the previous year. With the figures for the year's
first half, Krones is well on track to achieving this goal, since earnings
in the second half of 2012 are set to significantly exceed the preceding
year's figure for July-December. The EBT margin should exceed 5 % over 2012
as a whole (preceding year: 3.0 %).

According to a forecast from the IMF, the global economy will in 2013
perform slightly better than the forecasts of 2012. This estimate, however,
is subject to uncertainties, and is conditional upon there being no
additional deterioration in the Eurozone's debt crisis. Krones will
accordingly be intensifying its efforts to once again in 2013 achieve its
medium-term growth corridor, meaning turnover growth averaging 5 to 7 %,
and to further improve the EBT margin.

Your contact person:
Olaf Scholz
Head of Investor Relations Krones AG
Tel.: +49 9401 70-1169
Mobile: +49 151 12248730
Email: olaf.scholz@krones.com

25.07.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Krones AG
Böhmerwaldstraße 5
93073 Neutraubling
Germany
Phone: +49 (0)9401 701169
Fax: +49 (0)9401 709 1 1169
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 Announcement DGAP News-Service

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