KRONES AG — Earnings Release 2015

Jul 23, 2015

News Details

Ad-hoc | 23 July 2015 08:33

Krones AG: Krones raises earnings target for 2015 after strong first half

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

23.07.2015 08:33

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Ad-hoc release
23 July 2015

Krones raises earnings target for 2015 after strong first half

Krones, the world's leading manufacturer of filling and packaging
technology, continued to grow profitably in the first half of 2015. Revenue
grew 4.8% year-on-year to EUR1,503.7 million. New orders also increased
further, by 4.3% to EUR1,524.1 million. Earnings before taxes (EBT) rose
16.4% in the first six months of 2015, from EUR89.4 million in the previous
year to EUR104.1 million. As a result, the EBT margin, the ratio of
earnings before taxes to revenue, improved from 6.2% to 6.9%.

Because profitability exceeded Krones' expectations in the first half of
2015 and the market outlook is positive overall, Krones is raising its EBT
margin forecast for the year 2015 as a whole from 6.8% to 7.0%. The
company's target for revenue growth for 2015 remains unchanged at 4%.

Contact:
Olaf Scholz
Head of Investor Relations, KRONES AG
Phone: +49 9401 70-1169
E-mail: olaf.scholz@krones.com

23.07.2015 The DGAP Distribution Services include Regulatory Announcements,
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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: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Stuttgart

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