KRONES AG — Earnings Release 2012

Apr 25, 2012

News Details

Ad-hoc | 25 April 2012 10:28

Krones AG: Krones right on target in the first quarter of 2012

Krones AG / Key word(s): Quarter Results

25.04.2012 10:28

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Ad-hoc release

Krones right on target in the first quarter of 2012

Neutraubling, Germany, 25 April 2012 - Krones, the world's market leader
for beverage filling and packaging technology, has got the financial year
2012 off to a good start. In the first three months of 2012, the company
laid a solid foundation for achieving its sales growth target of 2 % to 4 %
for 2012. First-quarter sales were up 6.9 % year-on-year to 648.6 million
euros. The biggest contribution to growth came from the markets of Eastern
Europe and South America.

New orders increased 5.0 % year-on-year to 659.8 million euros.

In the period from January to March 2012, Krones generated 32.5 million
euros in earnings before taxes. That is 7.7 % less than the high
year-earlier figure of 35.2 million euros. The pre-tax return on sales -
the ratio of earnings before taxes to sales - was 5.0 % in the first
quarter of 2012 (previous year: 5.8 %). Despite the slight decrease,
first-quarter earnings are on target for the year 2012 as a whole. With the
increasingly positive effects of the 'Value' strategy programme and given
the developments in the second half of 2011, the company expects earnings
performance in the upcoming quarters to substantially exceed the
corresponding year-earlier levels.

After taxes, Krones generated consolidated net income of 22.3 million euros
in the first quarter of 2012 (year-earlier period: 24.8 million euros).
Earnings per share were down from 0.82 euro to 0.74 euro.

Outlook

Looking at the development of Krones' markets and the continuing uncertain
macroeconomic outlook, Krones expects sales growth in 2012 to be a moderate
2 % to 4 %. The pre-tax return on sales, the ratio of earnings before taxes
to sales, will exceed 5 % in 2012.

From today's perspective and provided that the positive global economic
trend continues, Krones expects to return to its target sales growth
corridor of 5 % to 7 % on average and to further increase the return on
sales in 2013.

Contact:
Olaf Scholz
Head of Investor Relations
Krones AG
Phone: +49 9401 70-1169 / Mobile: +49 151 12248730
E-mail: olaf.scholz@krones.com

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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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