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KRONES AG — Earnings Release 2011
Mar 21, 2012
251_rns_2012-03-21_7f367858-65e1-44bf-9fc6-1794e65f193e.html
Earnings Release
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News Details
Ad-hoc | 21 March 2012 16:12
Krones AG: Significant growth for Krones in 2011
Krones AG / Key word(s): Preliminary Results
21.03.2012 16:12
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.
Ad-hoc release
Significant growth for Krones in 2011
Neutraubling, 21 March 2012 - Sales at Krones, the world's market leader
for beverage filling and packaging technology were up by 14.1 % in the 2011
business year compared to 2010, rising from 2,173.3 to 2,480.3 million
euros. Krones has thus overachieved its growth target.
At 2,514.0 million euros, the company's order bookings were 14.6 % up on
the preceding year's figure.
Earnings before taxes rose during 2011 in comparison to the preceding year
from 70.8 million euros to 74.6 million euros. This result is affected by a
provision in the financial statements for 2011 relating to potential
settlement arising from the Le-Nature's litigation. As previously reported
(see also ad-hoc release dated 26 January 2012), Krones is currently
engaged in mediation with US-plaintiffs with respect to the Le-Nature's
case.
Krones was able as planned, despite the challenging macro-economic
environment and the adjustment for one-off expenditures, to strengthen its
2011 operative profitability.
Earnings after taxes fell in 2011 by comparison with the preceding year
from 50.9 million euros to 43.7 million euros. Due to the above-mentioned
one-off effect and the expenses entailed by a tax audit, the company's tax
rate rose significantly in comparison to the preceding year.
Based on the company's positive operative development in the 2011 business
year, the Supervisory and Executive Boards will be proposing the AGM a
dividend of 0.60 euros per share (preceding year: 0.40 euros per share). On
the balance sheet day as of December 31, 2011, Krones had no debts with
banks and net cash totalled more than 125 million euros.
The equity ratio was 38.5 %. This sustainably sound financial and capital
structure constitutes a solid foundation for ensuring that the company will
achieve its future targets.
Despite a volatile global economy, Krones expects a positive development
for the 2012 business year, and is anticipating a significant strengthening
of its profitability. Krones will be publishing a more specific perspective
for the 2012 business year and the complete financial statements for 2011
on the date of its balance sheet press conference, scheduled for 25 April
2012. All the figures given here are provisional, and may change during the
course of the audit.
Your contact person:
Olaf Scholz
Head of Investor Relations Krones AG
Tel.: +49 9401 70-1169 / Mobil: +49 151 12248730
Email: [email protected]
21.03.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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