DGAP-Adhoc: KRONES AG: Substantial rises for Krones’ sales and earnings in the first quarter of 2008

 | Source: EQS Group AG EQS Group AG 

Krones AG / Quarter Results

29.04.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Krones, the world’s market leader for beverage filling and packaging
technology, achieved significant growth in the first quarter of 2008. Sales
were 17.9 % up on the preceding year’s figure, at 595.2 million euros.
Order bookings climbed by 9.0 % to reach 607.3 million euros. On 31 March
2008, Krones’ order backlog totalled 903.0 million euros, 13.0 % up on the
previous year.

Earnings before taxes (EBT) rose in the year’s first quarter by 26.3 % to
reach 45.6 million euros. The EBT margin thus improved from 7.1 % to 7.7 %.
Profits after taxes were up by 34.1 % at 30.7 million euros, with earnings
per share increasing from
0.72 euros to 0.98 euros.

Outlook

In the long term, Krones is targeting an annual increase in revenues of
between 5 and
10 %. In view of a good first quarter and auspicious prospects, the
Executive Board anticipates that sales growth in 2008 will lie towards the
upper end of the forecast corridor, and that revenues will exceed 2.3
billion euros.

Krones aims to improve the return on sales before taxes (EBT margin) still
further in 2008 (preceding year: 7.1%). Since the company benefits from the
reform of Germany’s corporation tax legislation, earnings after taxes will
show a higher increase than the pretax profits.


Your contact person:
Olaf Scholz
Head of Investor Relations Krones AG
Tel.: +49 9401 70-1169
Mobile: +49 151 12248730
Email: olaf.scholz@krones.com



Contact:
Olaf Scholz
Leiter Investor Relations
Tel.: +49 (0) 9401 - 701169
E-Mail: olaf.scholz@krones.com


DGAP 29.04.2008 
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Language:     English
Issuer:       Krones AG
              Böhmerwaldstraße 5
              93073 Neutraubling
              Deutschland
Phone:        +49 (0)9401 703258
Fax:          +49 (0)9401 703786
E-mail:       investor-relations@krones.com
Internet:     www.krones.com
ISIN:         DE0006335003
WKN:          633500
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), München;
              Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News                                     DGAP News-Service
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