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Last €99.80 EUR
Change Today -0.242 / -0.24%
Volume 75.5K
As of 3:35 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

krones ag (KRN) Snapshot

Open
€100.15
Previous Close
€100.04
Day High
€100.55
Day Low
€98.85
52 Week High
04/14/15 - €103.76
52 Week Low
10/16/14 - €63.33
Market Cap
3.2B
Average Volume 10 Days
64.8K
EPS TTM
€4.46
Shares Outstanding
31.6M
EX-Date
06/18/15
P/E TM
22.4x
Dividend
€1.25
Dividend Yield
2.00%
Current Stock Chart for KRONES AG (KRN)

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krones ag (KRN) Details

Krones AG plans, develops, and manufactures machinery and systems for the fields of process technology, filling and packaging technology, and intralogistics in Germany and internationally. The company operates through three segments: Machines and Lines for Product Filling and Decoration, Machines and Lines for Beverage Production/Process Technology, and Machines and Lines for the Low Output Range. It 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 provides filling technology products for bottle design, stretch blow moulder, PET recycling, bottle washing machine, filling technology, inspection technology, labeling, conveyor, product treatment, and block technology applications; and packaging, palletising, block, and robot technology products. In addition, the company offers logistics services for the food and beverage industries; and IT solutions for filling and packaging, business intelligence, manufacturing intelligence, maintenance, planning, infrastructure, quality, processing, and manufacturing execution systems. Further, it provides lifecycle services comprising support, onsite, productivity, training, design, OriginalSpares, retrofitting, SoftTools, consumables, and resale services. 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. Krones AG was founded in 1951 and is headquartered in Neutraubling, Germany.

12,756 Employees
Last Reported Date: 04/30/15
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 Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

Krones AG announced consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenue was EUR 738.9 million against EUR 703.0 million a year ago. EBITDA was EUR 70.5 million against EUR 63.1 million a year ago. EBIT was EUR 49.2 million against EUR 42.2 million a year ago. EBT was EUR 50.2 million against EUR 43.1 million a year ago. Net income was EUR 35.0 million against EUR 29.9 million a year ago. Earnings per share were EUR 1.11 against EUR 0.95 a year ago. Capital expenditure for PP&E and intangible assets was EUR 15.8 million against EUR 12.4 million a year ago. Negative free cash flow was EUR 56.2 million against EUR 40.2 million a year ago. The company expects consolidated revenue to grow by 4% in 2015. The company's profitability is set to improve yet again this year. The company expects the EBT margin to rise to 6.8% in 2015. That puts Krones very close to the medium-term target of 7%, which the company had set itself when launching its Value programme. The company is aiming to increase its third strategy target, ROCE, to 17% this year.

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.

 

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Industry Analysis

KRN

Industry Average

Valuation KRN Industry Range
Price/Earnings 22.9x
Price/Sales 1.1x
Price/Book 3.1x
Price/Cash Flow 14.2x
TEV/Sales 1.0x
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