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Krones AG

KRNG.DE

Latest Trade

70.00EUR

Change

1.30(+1.89%)

Volume

53,987

Today's Range

68.30

 - 

70.35

52 Week Range

47.46

 - 

88.85

As of on the XETRA ∙ Minimum 15 minute delay

Latest Developments

Krones To Cut Personnel Costs

Dec 12 (Reuters) - KRONES AG <KRNG.DE>::KRONES AG: KRONES SPECIFIES STRUCTURAL MEASURES AND ADJUSTS EARNINGS FOR 2019.MEASURES INITIATED TO CUT PERSONNEL COSTS AS WELL AS SPECIFIC PORTFOLIO OPTIMIZATION MEASURES LEAD TO PROVISIONS AND IMPAIRMENTS OF APPROXIMATELY EUR 70 MILLION IN 2019.CORRESPONDING EBT MARGIN FOR YEAR 2019 IS EXPECTED TO BE AROUND 1 PERCENT..WITHOUT ONE-TIME EFFECTS, EBT MARGIN FOR 2019 WOULD BE AROUND 3 PERCENT AS PREVIOUSLY PREDICTED..DIVIDEND WILL BE CALCULATED BASED ON PROFIT EXCLUDING THOSE ONE-TIME EFFECTS AND SHOULD BE IN USUAL RANGE OF 25 TO 30 PERCENT OF PROFIT.ALREADY REDUCING JOBS IN CURRENT FISCAL YEAR. THIS PROGRAMME WILL BE CONTINUED IN 2020..FOR YEARS 2020 AND 2021, KRONES IS EXPECTING A POSITIVE EBT EFFECT OF A TOTAL OF APPROXIMATELY EUR 150 MILLION FROM REDUCTION OF PERSONNEL COSTS, OPTIMIZED PORTFOLIO AND FURTHER MEASURES.PROVISIONS AND IMPAIRMENTS FOR STRUCTURAL MEASURES WILL HAVE NO EFFECT ON DIVIDEND FOR FISCAL YEAR 2019.

Krones 9-Mth Net Profit At EUR 40.3 Mln

Oct 30 (Reuters) - KRONES AG <KRNG.DE>::REVENUE GROWTH OF 7.3% IN FIRST THREE QUARTERS OF 2019 - STRUCTURAL MEASURES TO DELIVER SUSTAINED IMPROVEMENTS IN EARNINGS LAUNCHED BY KRONES EXECUTIVE BOARD.9M NET PROFIT 40.3 MILLION EUR VERSUS 99.4 MILLION EUR YEAR AGO.9M PRETAX PROFIT 61.4 MILLION EUR VERSUS 139.4 MILLION EUR YEAR AGO.9M REVENUE ROSE 7.3 PERCENT TO 2.89 BILLION EUR.REVENUE FOR FIRST THREE QUARTERS, AT EUR2,889.7 MILLION, IS 7.3% HIGHER THAN IN PREVIOUS YEAR.FOR FULL YEAR 2019, KRONES CONTINUES TO EXPECT REVENUE GROWTH OF 3% AND AN EBT MARGIN OF AROUND 3%.9-MONTH ORDER INTAKE, AT EUR2,957.9 MILLION, WAS SLIGHTLY ABOVE PREVIOUS YEAR'S LEVEL.COMPANY CONTINUES TO EXPECT REVENUE TO INCREASE BY 3% IN FULL YEAR 2019..

Krones Appoints Norbert Broger As CFO

Sept 26 (Reuters) - KRONES AG <KRNG.DE>::NORBERT BROGER TO BE NEW CFO OF KRONES.NORBERT BROGER APPOINTED CHIEF FINANCIAL OFFICER (CFO) OF KRONES AG WITH EFFECT FROM 1 JANUARY 2020.

Krones H1 Net Income Down At 33.3 Million Euros

July 25 (Reuters) - KRONES AG <KRNG.DE>::H1 PRETAX PROFIT FELL 57.5 PERCENT TO 47.9 MILLION EUR.H1 REVENUE, AT EUR1,889.3 MILLION, IS 5.5% HIGHER THAN IN PREVIOUS YEAR.ORDER INTAKE IS UP 1.2% TO EUR2,038.6 MILLION.FORECASTS AN EBT MARGIN OF APPROXIMATELY 3% FOR 2019 AND IS WORKING ON FURTHER STRUCTURAL CHANGES FOR A SUSTAINED IMPROVEMENT IN EARNINGS...(EBT) DECREASED YEAR-ON-YEAR IN FIRST HALF OF 2019, FROM EUR112.7 MILLION TO EUR47.9 MILLION.NET INCOME OF EUR33.3 MILLION FROM JANUARY TO JUNE 2019 (PREVIOUS YEAR: EUR76.9 MILLION).EXPECTS BETTER EARNINGS IN SECOND HALF OF 2019 THAN IN FIRST SIX MONTHS.

Krones CFO Michael Andersen Resigns

July 24 (Reuters) - KRONES AG <KRNG.DE>::CFO MICHAEL ANDERSEN LEAVES KRONES AG.CFO MICHAEL ANDERSEN LEAVES EXECUTIVE BOARD OF KRONES AG WITH IMMEDIATE EFFECT BY MUTUAL AGREEMENT.OPERATIVE CFO FUNCTIONS WILL BE TEMPORARILY EXECUTED BY CEO CHRISTOPH KLENK UNTIL A SUCCESSOR HAS BEEN FOUND.

Krones Adjusts Its Earnings Outlook For 2019

July 10 (Reuters) - Krones AG <KRNG.DE>::DGAP-ADHOC: KRONES AG: KRONES ADJUSTS ITS EARNINGS OUTLOOK FOR 2019.KRONES- WHILE REVENUE GROWTH IN FIRST 6 MONTH OF 2019 WERE SATISFACTORY, EARNINGS BEFORE TAX FOR THIS PERIOD WILL BE SIGNIFICANTLY BELOW EXPECTATIONS.PRODUCT MIX HAS AN UNFAVORABLE EFFECT ON EARNINGS FOR PERIOD JANUARY TILL JUNE 2019.KRONES STILL EXPECTS AN UNCHANGED GROWTH TARGET OF 3% IN 2019.BOARD HAS TAKEN MEASURES IN ORDER TO COUNTERACT EARNINGS DECLINE.MEASURES TO COUNTERACT EARNINGS DECLINE INCLUDES AMONG OTHERS A HIRING FREEZE AND MEASURES TO REDUCE MATERIAL COSTS.KRONES - STRATEGIC MEASURES CO INTRODUCED SO FAR, LIKE PRICE INCREASE,DEVELOPMENT OF GLOBAL FOOTPRINT ARE NOT SUFFICIENT TO REACH AMBITIOUS TARGETS.FY 2019 EBT MARGIN IS PLANNED AROUND 3%; PRIOR TARGET: AROUND 6%.BOARD IS WORKING IN ADDITIONAL STRUCTURAL CHANGES IN ORDER TO STRENGTHEN ITS EARNING LEVEL IN LONG RUN.> - IN Q2 2019 SALES OF PRODUCTS WITH A HIGH OWN VALUE ADDED, LIKE MACHINES AND LINES FOR PLASTIC TECHNOLOGY, WERE LOWER THAN EXPECTED.IN SECOND HALF YEAR LCS BUSINESS IS EXPECTED TO RECOVER.

Krones Confirms 2019 Targets For Sales Growth Of 3 Percent

April 29 (Reuters) - Krones AG <KRNG.DE>::Q1 SALES UP 10.3 PERCENT TO 983.5 MILLION EUR.Q1 ORDERS UP 5 PERCENT TO 1.04 BILLION EUR.Q1 PRETAX PROFIT DOWN 8.4 PERCENT TO 51.5 MILLION EUR.Q1 GROUP RESULT DOWN 6.2 PERCENT AT 36.3 MILLION EUR.Q1 EBT MARGIN AT 5.2 PERCENT VERSUS 6.3 PERCENT IN YEAR EARLIER PERIOD.CONFIRMS 2019 TARGETS FOR SALES GROWTH OF 3 PERCENT AND EBT MARGIN OF 6 PERCENT.

Krones FY EBT Down At EUR 204.3 Mln

Feb 21 (Reuters) - KRONES AG <KRNG.DE>::ACHIEVED GROWTH TARGET FOR 2018 FINANCIAL YEAR.FY REVENUE ROSE 4.4 PERCENT TO 3.85 BILLION EUR.FY REVENUE INCREASED BY 4.4% TO EUR 3.85 BILLION.EXPECTS REVENUE GROWTH OF 3% IN 2019.EXPECTS AN EBT MARGIN OF APPROXIMATELY 6% FOR 2019.FOR ITS THIRD PERFORMANCE TARGET, WORKING CAPITAL TO REVENUE, KRONES EXPECTS A FIGURE OF 26 PERCENT.EARNINGS BEFORE TAXES (EBT) IN 2018 WERE DOWN BY EUR54.5 MILLION YEAR-ON-YEAR TO EUR204.3 MILLION.

Krones Buys MHT

Nov 8 (Reuters) - KRONES AG <KRNG.DE>::ACQUISITION OF MHT - KRONES STRENGHTENS ITS PET CAPABILITIES.

Krones Reduces Revenue And Earnings Forecast For 2018

Oct 25 (Reuters) - Krones AG <KRNG.DE>::DGAP-NEWS: KRONES AG: KRONES REDUCES REVENUE AND EARNINGS FORECAST FOR 2018.9M REVENUE ROSE 7.3 PERCENT TO 2.693 BILLION EUR.FY EBT MARGIN IS TARGETED AT 6.5% INSTEAD OF 7.0% PROJECTED PREVIOUSLY..REVENUE FOR FIRST THREE QUARTERS, AT EUR2,692.8 MILLION, IS 7.3% HIGHER THAN IN PREVIOUS YEAR..AT END OF FIRST NINE MONTHS, EBT IS DOWN BY 17.0% TO EUR139.4 MILLION.ORDER INTAKE FROM JANUARY TO SEPTEMBER 2018 INCREASED 9.0% YEAR-ON-YEAR TO EUR2,940.0 MILLION.EXPECTS A 4% INCREASE IN REVENUE IN 2018, COMPARED TO PREVIOUS REVENUE TARGET OF 6%.NET INCOME EUR MILLION 99.4, - 13.3 PERCENT.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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