Ad-hoc | 23 July 2015 08:33
Krones AG / Key word(s): Change in Forecast/Half Year Results
23.07.2015 08:33
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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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,
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: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Stuttgart
End of Announcement DGAP News-Service
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