Corporate | 27 April 2006 11:00
Fine start to the year by KRONESKRONES AG – Double-figure growth in the year’s first quarter
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The issuer is solely responsible for the content of this announcement.
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The buoyant state of the economy at the beginning of this year, plus the
continuing health of the business cycle, progressively spreading to the
domestic market as well, are reflected in very good business figures at
KRONES AG, Neutraubling, for the months from January to March. The world’s
market leader for beverage filling and packaging lines is thus building on
its good results from the previous year.
Compared with the preceding year’s equivalent period, KRONES achieved
double-figure growth rates for order bookings (up by 10.6 % to 488.5
million euros) and sales (up by 11.6 % to 451.6 million euros) – and
almost, as well, for earnings after taxes, which rose by 9.8 % to reach
19.1 million euros.
KRONES sees the current business figures, combined with the continuingly
stable macro-economic situation and the sustained demand for complete
filling lines and packaging machines (the order backlog of 727.5 million
euros is 6.0 % up on the preceding year) as providing favourable
preconditions for successfully continuing the growth performance of recent
years.
The group, employing 9,012 people worldwide (as of 31 March) is planning to
upgrade its productivity across its entire operations. For this purpose,
KRONES has already invested 17.2 million euros, predominantly in its German
facilities, during the year’s first three months. Total investment budgeted
for 2006 comes to more than 70.0 million euros.
For 2006, KRONES is targeting not only sales growth of between five and ten
per cent, but primarily a sustained increase in earnings, driven both by a
continuous process of improvement throughout the company and by
cost-cutting effects from the worktime model.
You will also find this press release for downloading on the internet under
http://www.krones.com.
Contact:
Hermann Graf zu Castell-Rüdenhausen
Leiter Corporate Communications – Investor Relations
Tel.: +49 (0) 9401 – 703258
E-Mail: Castell-Ruedenhausen.Hermann@krones.de
(c)DGAP 27.04.2006
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language: English
emitter: Krones AG
Böhmerwaldstraße 5
93073 Neutraubling Deutschland
phone: +49 (0)9401 703258
fax: +49 (0)9401 703496
email: investor-relations@krones.de
WWW: www.krones.com
ISIN: DE0006335003
WKN: 633500
indexes: MDAX
stockmarkets: Amtlicher Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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