19.03.2015 Krones AG  DE0006335003

DGAP-News: Krones AG: Krones reached its targets for 2014 and is optimistic for 2015


 
DGAP-News: Krones AG / Key word(s): Final Results Krones AG: Krones reached its targets for 2014 and is optimistic for 2015 19.03.2015 / 07:15 --------------------------------------------------------------------- Corporate News Release 19 March 2015 Krones reached its targets for 2014 and is optimistic for 2015 - Revenue rose 4.9% in 2014 to EUR2.95 billion. - Profitability, measured as the EBT margin, improved from 6.0% to 6.5%. - Dividend for 2014 to increase over previous year's regular dividend, from EUR1.00 to EUR1.25 per share. - For 2015, Krones is expecting revenue growth of 4% and an EBT margin of 6.8%. In the 2014 financial year, Krones, the world's leading manufacturer of filling and packaging technology, met its forecasts for key financial performance indicators. With revenue up by 4.9% to EUR2.95 billion, the company exceeded its revenue target of + 4%. KRONES profited from its broadly diversified portfolio of products and services and its international operative capabilities. The company benefited from its strong competitive position in the newly industrialising countries. The share of revenue that Krones earns in the emerging markets rose in 2014 from 58.2% in the preceding year to 60.4%. New orders grew more steeply than revenue in 2014, rising by 8.2% to reach EUR3.04 billion (previous year: EUR2.81 billion). At 31 December 2014, Krones had orders on hand totalling EUR1.08 billion (previous year: EUR992.4 million). Profitability again improved Despite continued price pressures, Krones significantly improved its profitability in 2014. Key here were the measures taken under the Value strategy programme, which have upgraded corporate efficiency. Earnings before taxes (EBT) in 2014 climbed by 13.1% year-on-year, from EUR169.7 million to EUR191.8 million. Krones improved its EBT margin - the ratio of earnings before taxes to revenue - from 6.0% in the previous year to 6.5%. With that, the company exceeded the forecast figure of "around 6.2%". Net income improved 13.6% year-on-year in the reporting period to EUR135.7 million. That corresponds to earnings per share of EUR4.30 (previous year: EUR3.84). With revenue of EUR2,492.7 million, the EBT margin in the company's core segment advanced by a very satisfying 7.8%. The two smaller segments' operating figures were in the black for the year 2014 as a whole. Process Technology, with revenue of EUR358.7 million, achieved an EBT margin of 1.0%. In the Kosme segment, a restructuring provision meant that the EBT margin was negative, at -4.6%, despite a break-even operating result and revenues of EUR102.0 million. The segment thus performed in line with expectations. Cash and cash equivalents are up thanks to improved cash flow In 2014, Krones achieved a return on capital employed (ROCE), that is the ratio of earnings before interest and taxes (EBIT) to average net tied-up capital, of 16.4% (previous year: 16.7%). With that, the company has achieved its ROCE target of ">16.0%". Free cash flow rose significantly, from EUR67.0 million to EUR152.1 million. Overall, cash and cash equivalents increased by EUR96.6 million on the previous year to EUR336.4 million. The equity ratio was running at 40.7% on 31 December 2014 (previous year: 42.6%). Krones thus continues to possess an exceptionally sound financial and capital structure. All figures stated here are provisional and may change following completion of the audit. Krones to pay a dividend of EUR1.25 per share The Executive Board and Supervisory Board will propose to the annual shareholders' meeting a dividend of EUR1.25 per share for the 2014 financial year. The planned payout corresponds to 29% of consolidated net income and lies near the upper limit of the corridor targeted (25 to 30%). In the previous year, shareholders received not only a "regular dividend" of EUR1.00, but also an additional "special payout" of EUR1.00 per share, with which Krones enabled its stockholders to benefit from its sale of treasury shares. Outlook Based on the current macroeconomic prospects and developments on the markets relevant to Krones, the company expects consolidated revenue to grow by 4% in 2015. The company's profitability is set to improve yet again this year. Krones expects the EBT margin to rise to 6.8%. That puts Krones very close to the medium-term target of 7%, which the company had set itself when launching its Value programme. The company is aiming to increase its third strategy target, ROCE, to around 17% this year. Krones will publish its annual report for 2014 and its report on the first quarter of 2015 on 30 April 2015. Contact: Olaf Scholz Senior Vice President of Investor Relations Krones AG Tel.: +49 9401 70-1169 Email: [email protected] --------------------------------------------------------------------- 19.03.2015 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. 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: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 334867 19.03.2015


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 3.691,36 3.853,98 3.958,88 3.322,74 3.634,46 4.209,34 4.720,68
EBITDA1,2 340,19 305,89 227,26 133,22 312,64 373,31 457,31
EBITDA-Marge3 9,22 7,94 5,74 4,01 8,60 8,87
EBIT1,4 245,47 203,15 43,95 -40,81 170,90 230,41 290,99
EBIT-Marge5 6,65 5,27 1,11 -1,23 4,70 5,47 6,16
Jahresüberschuss1 187,13 150,60 9,24 -79,71 141,39 187,08 224,55
Netto-Marge6 5,07 3,91 0,23 -2,40 3,89 4,44 4,76
Cashflow1,7 -5,86 315,05 93,53 321,77 335,86 478,70 137,62
Ergebnis je Aktie8 5,97 4,78 0,30 -2,52 4,47 5,92 7,11
Dividende8 1,70 1,70 0,75 0,06 1,40 1,75 1,55
Quelle: boersengefluester.de und Firmenangaben

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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

INVESTOR-INFORMATIONEN
©boersengefluester.de
Krones
WKN Kurs in € Einschätzung Börsenwert in Mio. €
633500 122,700 Kaufen 3.876,47
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,19 17,54 0,76 27,18
KBV KCV KUV EV/EBITDA
2,36 28,17 0,82 7,90
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
1,75 2,20 1,79 04.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
05.05.2024 31.07.2024 05.11.2024 22.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
6,22% 15,98% 9,75% 12,26%
    
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Maschinen-/Anlagenbau , 633500 , KRN , XETR:KRN