DGAP-News: Krones AG / Key word(s): Quarter Results Krones AG: Nine months into the year, Krones is on track to achieve its targets for 2015 22.10.2015 / 07:30 --------------------------------------------------------------------- 22 October 2015 Nine months into the year, Krones is on track to achieve its targets for 2015 - Revenue climbed 4.9% to EUR2,270.7 million. - New orders increased 5.2% to EUR2,311.3 million for the period from January to September. - EBT margin improved from 6.3% to 6.9% thanks to the Value strategy programme. - Krones confirms growth and earnings targets for 2015 as a whole. Krones, the world's leading manufacturer of filling and packaging technology, continued to grow profitably in the first three quarters of 2015 despite the challenging macroeconomic environment. Revenue from January to September 2015 grew 4.9% to EUR2,270.7 million. Krones achieved the steepest improvement in the North and Central America, Middle East/Africa, and Central Europe sales regions. New orders picked up 5.2% year-on-year to EUR2,311.3 million in the period from January to September 2015. At 30 September 2015, the company had a good orders backlog of EUR1,119.7 million (previous year: EUR1,025.8 million). Profitability increased further towards target Krones' profitability improved considerably in the first nine months of 2015. At EUR156.1 million, earnings before taxes (EBT) overshot the year-earlier figure of EUR136.7 million by 14.2%. The EBT margin, the ratio of earnings before taxes to revenue, improved from 6.3% in the previous year to 6.9% in the reporting period. Thus, after the first three quarters, Krones is already very close to its margin target of 7.0% for the year 2015 as a whole. The improved earnings performance is driven by the successes of our Value strategy programme. Prices have not improved. Net income increased 13.9% year-on-year to EUR108.3 million. Earnings per share advanced from EUR3.01 to EUR3.45. The company improved its return on capital employed (ROCE), that is the ratio of earnings before interest and taxes (EBIT) to average net tied-up capital, to 17.0% in the reporting period (previous year: 16.1%). Krones still has a very robust financial and capital structure. At the end of September, the company had no bank debt and held net cash and cash equivalents (cash and cash equivalents less bank debt) of EUR253.7 million. The equity ratio was a comfortable 41.3% (31 December 2014: 40.7%). All forecasts for 2015 affirmed Based on the current forecasts for global economic growth and developments on the markets relevant to Krones, the company expects consolidated revenue to grow by 4% in 2015. The company is also confident that it will achieve the higher profitability target set in July: an EBT margin of 7.0% for 2015 as a whole. Krones is aiming to increase its third strategy target, ROCE, to 17% this year.

Key figures for 1 January             1 Jan -   1 Jan -              Change
- 30 September 2015                    30 Sep    30 Sep
                                         2015      2014
Revenue                         EUR   2,270.7   2,164.4              + 4.9%
                            million
New orders                      EUR   2,311.3   2,197.8              + 5.2%
                            million
Orders on hand at 30            EUR   1,119.7   1,025.8              + 9.2%
September                   million

EBITDA                          EUR     218.2     196.7             + 10.9%
                            million
EBIT                            EUR     152.6     132.9             + 14.8%
                            million
EBT                             EUR     156.1     136.7             + 14.2%
                            million
EBT margin                        %       6.9       6.3                   -

Net income                      EUR     108.3      95.1             + 13.9%
                            million
Earnings per share              EUR      3.45      3.01             + 14.6%


Capital expenditure for         EUR      55.4      49.6    EUR +5.8 million
PP&E                        million
and intangible assets
Free cash flow                  EUR     -48.1      30.4   EUR--78.5 million
                            million





                                                                    million

Net cash and cash               EUR     253.7     207.1   EUR+ 46.6 million
equivalents 30 September*   million                        
ROCE (liabilities side)           %      17.0      16.1                   -

ROCE (assets side)                %      14.9      13.6                   -


Employees at 30 September
Worldwide                              13,149    12,586               + 563

Germany                                 9,655     9,264               + 391

Outside Germany                         3,494     3,322               + 172

* Cash and cash equivalents less debt

Key figures for Q3 2015             1 Jul - 30 Sep 1 Jul - 30 Sep  Change
                                              2015           2014
Revenue                 EUR million          767.0          728.9  + 5.2%

New orders              EUR million          787.2          735.9  + 7.0%


EBITDA                  EUR million           74.1           68.9  + 7.5%

EBIT                    EUR million           51.4           46.8  + 9.8%

EBT                     EUR million           52.0           47.3  + 9.9%

EBT margin                        %            6.8            6.5       -

Net income              EUR million           35.6           32.7  + 8.9%

Earnings per share              EUR           1.13           1.03  + 9.7%

Krones published its Interim Report for the first three quarters of 2015 online today at http://www.krones.com/en/investor_relations/reports.php. Contact: Olaf Scholz Head of Investor Relations, Krones AG Phone: +49 9401 70-1169 E-mail: [email protected] --------------------------------------------------------------------- 22.10.2015 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 --------------------------------------------------------------------- 404459 22.10.2015