23.03.2017 Krones AG  DE0006335003

DGAP-News: Krones AG: Krones intends to pay out a dividend of EUR1.55 per share

DGAP-News: Krones AG / Key word(s): Final Results Krones AG: Krones intends to pay out a dividend of EUR1.55 per share 23.03.2017 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Corporate news release 23 March 2017 Krones intends to pay out a dividend of EUR1.55 per share for 2016 - Krones publishes 2016 annual report and confirms preliminary figures - Dividend to increase by EUR0.10 per share year-on-year to EUR1.55 per share - Executive Board expects continued revenue and earnings growth in 2017 Krones, the world's leading manufacturer of filling and packaging technology, released its 2016 annual report today. The company continued its stable, profitable growth and intends to give shareholders an appropriate share in its success. Krones' revenue increased 6.9% year-on-year from EUR3,173.5 million to EUR3,391.3 million in 2016. Adjusted for the acquisitions, revenue growth came to 4.2%. With that, Krones has slightly exceeded its growth target of 3% for the year 2016. Our comprehensive range of products and services and our strong international presence continue to support the company's growth. For example, revenue in the Middle East and Africa, which together make up an important growth region for Krones, and in North and Central America grew more than overall revenue. Order intake increased 7.9% year-on-year to EUR3,441.3 million in 2016. The increase is partly due to acquisitions. Adjusted for acquisitions, order intake increased 5.2%. The biggest percentage increase in orders was in North America and in the Eastern Europe/CIS sales region. At 31 December 2016, the company had orders on hand totalling EUR1.14 billion, which is up 4.6% on the previous year (EUR1.09 billion). Krones performed well in highly competitive markets Krones increased earnings again in 2016 despite the highly competitive markets. Earnings before taxes (EBT) rose 6.4% year-on-year, from EUR223.3 million in 2015 to EUR237.6 million. The EBT margin remained unchanged year-on-year at 7.0%. Thus, Krones met its EBT margin target for 2016. Market prices provided no support, as expected. Net income improved 8.2%, from EUR156.3 million in the previous year to EUR169.1 million in 2016. Earnings per share rose to EUR5.40 (previous year: EUR4.98). All three of the company's segments grew profitably in 2016. The core segment, machines and lines for product filling and decoration, generated EUR229.6 million in earnings before taxes in 2016 (previous year: EUR220.5 million). The EBT margin rose slightly, from 8.1% a year earlier to 8.2% in 2016. Earnings before taxes in the beverage production/process technology segment improved from -EUR2.1 million in the previous year to +EUR1.5 million. At 0.3%, the EBT margin was slightly below the forecast of around 1%. Earnings before taxes in the smallest segment, machines and lines for the compact class, increased from EUR4.9 million in the previous year to EUR6.4 million in 2016 and the EBT margin came to 5.2% (previous year: 4.5%). Shareholders to receive a dividend of EUR1.55 per share for 2016 Krones wishes to give its shareholders an appropriate share in the company's success in 2016. As a matter of policy, Krones pays out 25% to 30% of consolidated net income to shareholders. The Executive Board and the Supervisory Board will propose to the annual general meeting on 20 June 2017 that a dividend of EUR1.55 per share be paid out for the 2016 financial year. That is a year-on-year increase of EUR0.10 per share. The planned payout for 2016 corresponds to 29.0% of consolidated net income and lies near the upper end of the target corridor. Krones has a very robust financial and capital structure Krones' return on capital employed (ROCE), the ratio of EBIT to average net capital employed, came to 17.0% in 2016 (previous year: 17.7%). With that, Krones did not achieve its ROCE target of 18% for 2016 because the increase in capital employed was higher than the increase in EBIT. The relatively high positive cash flow from operating activities in the fourth quarter of 2016 resulted in free cash flow of EUR49.2 million for the year as a whole (previous year: EUR70.7 million). At the end of 2016, Krones held cash and cash equivalents totalling EUR368.9 million (previous year: EUR364.6 million) and had no bank debt. The company's equity ratio was 39.9% on 31 December 2016 (previous year: 41.0%). Overall, Krones continues to possess a very robust financial and capital structure. With the figures noted above, Krones confirms the preliminary figures released on 2 March 2017. The financial audit did not give rise to any material changes. Outlook Based on the current macroeconomic prospects and developments in the markets relevant to Krones, the company expects consolidated revenue to grow by 4% in 2017. The company expects earnings to rise further and the EBT margin to remain stable at 7.0% this year. The forecast for the company's new financial performance target, working capital to sales, is 27% for 2017. This indicator replaces ROCE as one of our key targets. Possible acquisitions are not included in these forecasts for 2017. Krones has published the complete Annual Report 2016 online at http://www.krones.com/en/investor_relations/reports.php. Key figures for 2016 Key Figures for 2016 2016 2015 Change Revenue EUR 3,391.3 3,173.5 +6.9% milli- on Order intake EUR 3,441.3 3,189.0 +7.9% milli- on Orders on hand at 31 December EUR 1,144.7 1,094.6 +4.6% milli- on EBITDA EUR 320.8 305.3 +5.1% milli- on EBIT EUR 228.0 216.9 +5.1% milli- on EBT EUR 237.6 223.3 +6.4% milli- on EBT margin % 7.0 7.0 - Consolidated net income EUR 169.1 156.3 +8.2% milli- on Earnings per share EUR 5.40 4.98 +8.4% Dividend per share EUR 1.55* 1.45 +6.9% Capital expenditure for PP&E and EUR 111.3 102.6 +EUR8.7 intangible assets milli- million on Free cash flow EUR 49.2 70.7 -EUR21.- milli- 5 on million Net cash and equivalents** at 31 EUR 368.9 364.6 +EUR4.3 December milli- million on ROCE % 17.0 17.7 -70 base points Employees at 31 December Worldwide 14,443 13,346 +1,097 Germany 10,061 9,767 +294 Outside Germany 4,382 3,579 +803 * As per proposal for the appropriation of retained earnings ** Cash and cash equivalents less debt Contact: Olaf Scholz Head of Investor Relations, Krones AG Phone: +49 9401 70-1169 E-mail: [email protected] --------------------------------------------------------------------------- 23.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at 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: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 557329 23.03.2017

Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 3.173,51 3.391,25 3.691,36 3.853,98 3.958,88 3.322,74 3.608,00
EBITDA1,2 305,30 320,83 340,19 305,89 227,26 133,22 278,00
EBITDA-Marge3 9,62 9,46 9,22 7,94 5,74 4,01 7,71
EBIT1,4 216,91 227,98 245,47 203,15 43,95 -40,81 135,00
EBIT-Marge5 6,84 6,72 6,65 5,27 1,11 -1,23 3,74
Jahresüberschuss1 156,26 169,10 187,13 150,60 9,24 -79,71 92,00
Netto-Marge6 4,92 4,99 5,07 3,91 0,23 -2,40 2,55
Cashflow1,7 174,43 194,67 -5,86 315,05 93,53 321,77 0,00
Ergebnis je Aktie8 4,98 5,40 5,97 4,78 0,30 -2,52 2,90
Dividende8 1,45 1,55 1,70 1,70 0,75 0,06 0,75
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

WKN Kurs in € Einschätzung Börsenwert in Mio. €
633500 84,750 Halten 2.677,51
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
17,66 19,63 0,90 27,62
2,23 8,32 0,81 20,82
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
0,75 0,06 0,07 17.05.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
07.05.2021 03.08.2021 05.11.2021 25.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
9,44% 23,00% 28,31% 48,55%
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Maschinen-/Anlagenbau , 633500 , KRN , XETR:KRN