26.10.2016 Krones AG  DE0006335003

DGAP-News: Krones AG: Krones confirms its targets for 2016


 
DGAP-News: Krones AG / Key word(s): Quarter Results Krones AG: Krones confirms its targets for 2016 26.10.2016 / 07:15 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Corporate news release 26 October 2016 Krones confirms its targets for 2016 - Revenue increased 4.8% in the first three quarters of 2016 to EUR2.38 billion. - New orders rose 6.1% to EUR2.45 billion. - The EBT margin was stable at 6.9% after nine months. - Krones confirms its revenue and earnings forecast for 2016 as a whole and has set medium-term targets of 7/8/20 for 2020. Krones, the world's leading manufacturer of filling and packaging technology, continued its stable growth in the first three quarters of 2016. Despite economic uncertainties and intense competition, revenue improved 4.8% year-on-year from EUR2,270.7 million to EUR2,380.1 million. From a regional perspective, revenue developed best in China, the Middle East/Africa, and Central and Eastern Europe in the first three quarters of 2016. New orders at Krones rose 6.1% year-on-year to EUR2,452.5 million in the first nine months of 2016. At EUR1,167.0 million, Krones' orders backlog at 30 September 2016 was up 4.2% on the previous year. EBT margin stable at 6.9% after the first three quarters Krones improved earnings before taxes (EBT) by 4.8% to EUR163.6 million in the reporting period. Prices continued to provide no support. The increase in earnings can be attributed to positive effects from the Value strategy programme as well as additional short-term cost savings. At 6.9%, the EBT margin was stable year-on-year in the first three quarters. Because the tax rate was somewhat lower, consolidated net income improved 5.5% to EUR114.3 million, a bit more than EBT. Earnings per share advanced from EUR3.45 in the previous year to EUR3.65 in the first nine months of 2016. The return on capital employed (ROCE) declined to 15.5% (previous year: 17.0%). Krones confirms its forecast for 2016 as a whole Krones is confident that consolidated revenue growth of 3% and an EBT margin of 7.0% for the year 2016 will be achieved as forecast despite the many economic and political uncertainties. All three segments will contribute by achieving their own growth and earnings targets. The company continues to aim for an ROCE of 18%. New medium-term target through 2020: 7/8/20 To keep moving the company forward for the long term, Krones has set a new medium-term target of 7/8/20. By 2020, Krones intends to increase revenue by 7% on average each year, improve the EBT margin to 8%, and bring ROCE (return on capital employed) up to 20%. To grow by 7% each year, Krones intends to pick up market shares in regions where beverage consumption is growing faster than average. The rapidly growing diversity of products and packaging is another growth driver. Acquisitions and the expansion of the company's own product range will also contribute a large part to the forecast growth. Because no support can be expected from prices, even in the medium term, Krones will have to work hard to achieve its EBT margin target of 8%. Growing Krones' global footprint will be an important factor. To this end, the company plans to shift a large part of procurement and engineering as well as parts of production to the regions in which its customers operate their plants. In addition, Krones will continue to advance the modularisation of its machines and lines and expand its highly profitable service business. To achieve the ROCE target of 20%, Krones will sharpen its focus on working capital. The concrete measures and programmes with which Krones intends to achieve our targets can be found in the Q3 presentation, which is available on Krones' website at http://www.krones.com/en/investor_relations/ presentation-2016.php. Krones has published the complete quarterly statement for the third quarter of 2016 online 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]
Key figures Q1 -                   1 Jan - 30    1 Jan - 30          Change
Q3                                  Sept 2016     Sept 2015
Revenue             EUR million       2,380.1       2,270.7           +4.8%
New orders          EUR million       2,452.5       2,311.3           +6.1%
Orders on hand at   EUR million       1,167.0       1,119.7           +4.2%
30 September

EBITDA              EUR million         224.2         218.2           +2.7%
EBIT                EUR million         158.4         152.6           +3.8%
EBT                 EUR million         163.6         156.1           +4.8%
EBT margin                    %           6.9           6.9               -
Consolidated net    EUR million         114.3         108.3           +5.5%
income
Earnings per                EUR          3.65          3.45           +5.8%
share

Capital             EUR million          58.2          55.4         +EUR2.8
expenditure for                                                     million
PP&E and
intangible assets
Free cash flow      EUR million        -197.0         -48.1       -EUR148.9
                                                                    million
Net cash and        EUR million         121.8         253.7       -EUR131.9
equivalents at 30                                                   million
Sept*
ROCE (liabilities             %          15.5          17.0               -
side)
ROCE (assets                  %          14.0          14.9               -
side)

Employees at 30
September
Worldwide                              14,132        13,149            +983
Germany                                 9,959         9,655            +304
Outside Germany                         4,173         3,494            +679


* Cash and cash equivalents less debt
Key figures Q3                            1 July -30     1 July -30  Change
                                           Sept 2016      Sept 2015
Revenue                   EUR million          819.8          767.0   +6.9%
New orders                EUR million          850.1          787.2   +8.0%

EBITDA                    EUR million           77.0           74.1   +3.9%
EBIT                      EUR million           55.1           51.4   +7.2%
EBT                       EUR million           56.3           52.0   +8.3%
EBT margin                          %            6.9            6.8       -
Consolidated net          EUR million           39.9           35.6  +12.1%
income
Earnings per share                EUR           1.27           1.13  +12.4%


--------------------------------------------------------------------------- 26.10.2016 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, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 514515 26.10.2016


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 83,200 Halten 2.628,54
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
17,33 19,57 0,90 27,11
KBV KCV KUV EV/EBITDA
2,19 8,17 0,79 20,45
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
7,23% 20,51% 25,97% 47,39%
    
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Maschinen-/Anlagenbau , 633500 , KRN , XETR:KRN