DGAP-News: Krones AG / Key word(s): Quarter Results Krones AG: Krones has got 2016 off to a good start 28.04.2016 / 09:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Corporate news release 28 April 2016 Krones has got 2016 off to a good start - Revenue grew 4.5% to EUR772.1 million in the first quarter. - New orders also increased 4.5%. - Krones improved earnings. The EBT margin widened from 6.8% to 7.1%. - Executive Board confirms targets for 2016. Krones expects 3% revenue growth and an EBT margin of 7.0%. Krones, the world's leading manufacturer of filling and packaging technology, continued its stable growth trend in the first quarter of 2016 after a strong year in 2015. As a full-service supplier with a broad range of products and services, Krones was able to hold its own in highly competitive markets. In the period from January to March 2016, revenue increased 4.5% year-on-year from EUR738.9 million to EUR772.1 million. New orders also rose 4.5%, from EUR787.0 million in the year-earlier period to EUR822.2 million. The biggest increase in new orders came in Europe and North America. Demand was stable in China. At 31 March 2016, orders on hand at Krones totalled EUR1,144.7 million, which is 4.6% higher than at the end of 2015. Krones' earnings increased further. In the period from January to March 2016, earnings before taxes (EBT) once again rose more than revenue, 9.8% from EUR50.2 million in the previous year to EUR55.1 million. The EBT margin, the ratio of earnings before taxes to revenue, rose from 6.8% to 7.1%. Krones benefited primarily from cost savings achieved as part of the Value strategy programme. Market prices did not improve in the reporting period. Consolidated net income increased 9.7% in the first quarter of 2016 to EUR38.4 million. That corresponds to earnings per share of EUR1.23 (previous year: EUR1.11). The return on capital employed (ROCE), that is the ratio of earnings before interest and taxes to average net tied-up capital, improved to 16.7% in the reporting period (previous year: 16.5%). Good start to the year affirms outlook for 2016 as a whole Based on the current macroeconomic prospects and developments on the markets relevant to Krones, the company expects consolidated revenue to grow by 3% in 2016. Krones' earnings are set to improve yet again this year. The Executive Board is forecasting an EBT margin of 7.0% for 2016. Krones aims to increase its third strategy target, ROCE, to 18% this year. Krones published the complete Quarterly Statement for the first quarter of 2016 online today at http://www.krones.com/en/investor_relations/reports.php. Key figures Q1 2016

                                           1 Jan -31    1 Jan -31  Change
                                            Mar 2016     Mar 2015
Revenue                        EUR mill        772.1        738.9     +4.5%
                                    ion
New orders                     EUR mill        822.2        787.0     +4.5%
                                    ion
Orders on hand at 31 March     EUR mill      1,144.7      1,127.2     +1.6%
                                    ion

EBITDA                         EUR mill         76.0         70.5     +7.8%
                                    ion
EBIT                           EUR mill         54.2         49.2    +10.2%
                                    ion
EBT                            EUR mill         55.1         50.2     +9.8%
                                    ion
EBT margin                            %          7.1          6.8         -
Consolidated net income             EUR         38.4         35.0     +9.7%
                                million
Earnings per share                  EUR         1.23         1.11    +10.2%

Capital expenditure for PP&E   EUR mill
and intangible assets               ion         15.2         15.8  -EUR0.6m
Free cash flow                 EUR mill       -115.1        -56.2 
-EUR58.9m
                                    ion
Net cash and cash equivalents  EUR mill        249.5        280.2 
-EUR30.7m
                                    ion
ROCE (liabilities side)               %         16.7         16.5         -
ROCE (assets side)                    %         15.5         14.7         -

Employees at 31 March
Worldwide                                     13,418       12,756     + 662
Germany                                        9,780        9,414     + 366
Outside Germany                                3,638        3,342     + 296

Contact: Olaf Scholz Head of Investor Relations at Krones AG Pnone: +49 9401 70-1169 E-mail: [email protected] --------------------------------------------------------------------------- 28.04.2016 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; Terminbörse EUREX End of News DGAP News Service --------------------------------------------------------------------------- 458413 28.04.2016