21.07.2016 Krones AG  DE0006335003

DGAP-News: Krones AG: Krones increased revenue and earnings in the first half of 2016


 
DGAP-News: Krones AG / Key word(s): Half Year Results Krones AG: Krones increased revenue and earnings in the first half of 2016 21.07.2016 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Corporate news release 21 July 2016 Krones increased revenue and earnings in the first half of 2016 - Revenue in the period from January to June 2016 grew 3.8% to EUR1,560.3 million. - New orders improved 5.1% to EUR1,602.4 million. - Earnings before taxes (EBT) climbed 3.1%. The EBT margin was stable at 6.9%. - Krones is standing by its forecast for 2016 as a whole, predicting 3% revenue growth and an EBT margin of 7.0%. Krones, the world's leading manufacturer of filling and packaging technology, grew as forecast in the first half of 2016 despite mounting economic uncertainties. In the period from January to June 2016, revenue grew 3.8% to EUR1,560.3 million. The company's growth in the Middle East/ Africa, Central and Eastern Europe, and North and Central America regions was stronger than overall growth. After a weak start to the year, revenue in China picked up in the second quarter of 2016. New orders at Krones increased 5.1% in the first half of 2016 to EUR1,602.4 million. The strongest orders growth was in Europe. Customers in North America and China were also investing heavily. New orders were down in South America and Russia/CIS. At the end of June 2016, the company had orders on hand totalling EUR1,136.7 million (previous year: EUR1,099.5 million). Stable margin despite intense competition As expected, Krones' earnings received no support from prices in the first half of 2016. The 3.1% year-on-year improvement in earnings before taxes (EBT) in the period from January to June 2016, from EUR104.1 million to EUR107.3 million, resulted entirely from the successful implementation of the Value strategy programme. Krones was able to keep its EBT margin steady at 6.9% in the first half of 2016 despite intense competition on the markets. Net income increased 2.3% year-on-year to EUR74.4 million. Earnings per share rose to EUR2.37 (previous year: EUR2.32). Krones' return on capital employed (ROCE), that is the ratio of EBIT to average net tied-up capital, came to 15.6% in the first half of 2016 (previous year: 17.0%). Krones is standing by its forecast 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 expects the company to achieve an EBT margin of 7.0% in 2016. Krones aims to increase its third strategy target, ROCE, to 18% in 2016. Krones has published the complete Quarterly Report for the second quarter of 2016 online at http://www.krones.com/en/investor_relations/reports.php.
Key figures for                       1 Jan -       1 Jan -          Change
H1 2016                           30 Jun 2016   30 Jun 2015
Revenue             EUR million       1,560.3       1,503.7           +3.8%
New orders          EUR million       1,602.4       1,524.1           +5.1%
Orders on hand at   EUR million       1,136.7       1,099.5           +3.4%
30 June

EBITDA              EUR million         147.2         144.1           +2.2%
EBIT                EUR million         103.3         101.2           +2.1%
EBT                 EUR million         107.3         104.1           +3.1%
EBT margin                    %           6.9           6.9               -
Net income          EUR million          74.4          72.7           +2.3%
Earnings per                EUR          2.37          2.32           +2.2%
share

Capital             EUR million          34.1          30.2         EUR+3.9
expenditure for                                                     million
PP&E and
intangible assets
Free cash flow      EUR million        -169.2        - 22.0       EUR-147.2
                                                                    million
Net cash and cash   EUR million         149.6         274.9       EUR-125.3
equivalents at 30                                                   million
June*
ROCE (liabilities             %          15.6          17.0               -
side)
ROCE (assets                  %          14.2          15.0               -
side)

Employees at 30
June
Worldwide                              13,742        12,854            +888
Germany                                 9,734         9,458            +276
Outside Germany                         4,008         3,396            +612
* Cash and cash equivalents less debt


Key figures for                             1 Apr -         1 Apr -  Change
Q2 2016                                 30 Jun 2016     30 Jun 2015
Revenue                 EUR million           788.2           764.8   +3.1%
New orders              EUR million           780.2           737.1   +5.8%

EBITDA                  EUR million            71.2            73.6   -3.3%
EBIT                    EUR million            49.1            52.0   -5.6%
EBT                     EUR million            52.2            53.9   -3.2%
EBT margin                        %             6.6             7.0       -
Net income              EUR million            36.0            37.7   -4.5%
Earnings per                    EUR            1.15            1.21   -5.0%
share


Contact: Olaf Scholz Head of Investor Relations at Krones AG Phone: +49 9401 70-1169 E-mail: [email protected] --------------------------------------------------------------------------- 21.07.2016 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. 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; Terminbörse EUREX End of News DGAP News Service --------------------------------------------------------------------------- 484505 21.07.2016


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

INVESTOR-INFORMATIONEN
©boersengefluester.de
Krones
WKN Kurs in € Einschätzung Börsenwert in Mio. €
633500 87,000 Halten 2.748,60
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
18,13 19,73 0,91 28,35
KBV KCV KUV EV/EBITDA
2,29 8,54 0,83 21,36
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
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
10,76% 24,39% 31,72% 50,52%
    
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Maschinen-/Anlagenbau , 633500 , KRN , XETR:KRN