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Last €94.71 EUR
Change Today +0.86 / 0.91%
Volume 101.8K
KRN On Other Exchanges
Symbol
Exchange
Xetra
OTC US
OTC US
As of 4:35 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

krones ag (KRN) Snapshot

Open
€94.25
Previous Close
€93.85
Day High
€95.48
Day Low
€93.70
52 Week High
03/19/15 - €96.16
52 Week Low
10/16/14 - €63.33
Market Cap
3.0B
Average Volume 10 Days
87.1K
EPS TTM
€4.21
Shares Outstanding
31.6M
EX-Date
06/18/15
P/E TM
22.5x
Dividend
€1.25
Dividend Yield
2.11%
Current Stock Chart for KRONES AG (KRN)

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krones ag (KRN) Details

Krones AG plans, develops, and manufactures machinery and complete lines for the fields of process, filling, and packaging technology, as well as intralogistics in Germany and internationally. The company provides plant engineering solutions, such as planning new plants, plant expansion, plant structural planning, and energy and media optimization; and process technology systems for use in beer, soft drink, water, milk, spirit, and juice and milk with fruit chunks. It also offers filling technology products for bottle design, plastics, cleaning, filling, inspection, labeling, conveyor, product treatment, monobloc, and automatic fast product change-over technology applications; and packaging, palletizing, monobloc, and robot technology products. In addition, the company provides logistics services for the food and beverage industries; IT solutions for filling and packaging, business intelligence, manufacturing intelligence, maintenance, planning, infrastructure, quality, processing, and manufacturing execution applications; and lifecycle services in the areas of scheduled maintenance, unscheduled maintenance and repairs, plant optimization, and training and continuing education. It serves breweries, the soft-drinks sector, and producers of still or sparkling wines and spirits, as well as food and luxury-goods, chemical, cosmetics, and pharmaceutical industries. The company was founded in 1951 and is headquartered in Neutraubling, Germany.

12,586 Employees
Last Reported Date: 10/24/14
Founded in 1951

krones ag (KRN) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

krones ag (KRN) Key Developments

Krones AG Announces Dividend for the Year Ended December 31, 2014; Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015

The Executive Board and Supervisory Board of Krones AG announced to propose to the annual shareholders' meeting a dividend of EUR 1.25 per share for the 2014 financial year. Dividend for 2014 to increase over previous year's regular dividend. The company reported unaudited consolidated earnings results for the year ended December 31, 2014. For the period, the company reported revenue of EUR 2,953.4 million compared to EUR 2,815.7 million a year ago. EBITDA was EUR 276.3 million compared to EUR 257.6 million a year ago. EBIT was EUR 185.1 million compared to EUR 172.8 million a year ago. EBT was EUR 191.8 million compared to EUR 169.7 million a year ago. Consolidated net income was EUR 135.7 million compared to EUR 119.4 million a year ago. Earnings per share were EUR 4.30 compared to EUR 3.84 a year ago. Capital expenditure for PP&E and intangible assets was EUR 94.6 million compared to EUR 108.1 million a year ago. Free cash flow was EUR 152.1 million compared to EUR 67.0 million a year ago. In 2014, the company achieved a return on capital employed (ROCE) of 16.4% compared to 16.7% a year ago. For 2015, the company is expecting revenue growth of 4% and an EBT margin of 6.8%. The company is aiming to increase its third strategy target, ROCE, to around 17%.

Krones AG Announces Executive Changes

Volker Kronseder, Chairman of the Executive Board of Krones AG, has decided not to renew his contract, which expires on December 31, 2015. This is in keeping with the company's internal rules. Mr. Kronseder has informed the Supervisory Board of Krones AG of his decision. Volker Kronseder wishes to continue to contribute to the company's successful development and assume responsibility for Krones AG. Therefore, he has also informed the Supervisory Board that he is available to stand for election to the Supervisory Board of Krones AG in the ordinary annual shareholders meeting in 2016. The Supervisory Board has appointed Christoph Klenk his successor as Chairman of the Executive Board of Krones AG effective January 1, 2016. Christoph Klenk has been a Member of the Executive Board since 2003 and responsible for Finance (CFO) at Krones AG since 2012. The Supervisory Board has appointed an external candidate to succeed Christoph Klenk as CFO who has demonstrated his suitability through his work for another international group of companies and has many years' experience in the packaging industry. The new CFO informed the Supervisory Board that he accepts the position.

Krones AG Announces Consolidated Earnings Results for the Nine Months Ended September 30, 2014 and Revenue Results for the Third Quarter of 2014; Provides Earnings Guidance for the Year 2014

Krones AG announced consolidated earnings results for the nine months ended September 30, 2014 and revenue results for the third quarter of 2014. For the nine months, the company’s revenue was EUR 2,164.4 million against EUR 2,032.9 million a year ago. EBITDA was EUR 196.7 million against EUR 175.8 million a year ago. EBIT was EUR 132.9 million against EUR 116.3 million a year ago. EBT was EUR 136.7 million against EUR 117.1 million a year ago. Consolidated net income was EUR 95.1 million or EUR 3.01 per share against EUR 81.7 million or EUR 2.64 per share a year ago. Capital expenditure for PP&E and intangible assets was EUR 49.6 million against EUR 57.7 million a year ago. Free cash flow was EUR 30.4 million against negative free cash flow of EUR 62.6 million a year ago. At the end of September 2014, the company had no bank debt. In the period from July to September 2014, revenue increased 11.2% year-on-year from EUR 655.4 million to EUR 728.9 million. Overall, based on the development of the markets relevant to Krones and the continuing uncertain political and economic outlook, the company expects revenue to grow by 4% in 2014. Earnings performance, as measured by the EBT margin, should increase further in 2014. Krones expects an EBT margin of around 6.2%. That is still below the company's medium-term target of 7%.

 

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KRN

Industry Average

Valuation KRN Industry Range
Price/Earnings 19.5x
Price/Sales 0.9x
Price/Book 2.7x
Price/Cash Flow 11.9x
TEV/Sales 0.8x
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