Edition:
India

Krones AG (KRNG.DE)

KRNG.DE on Xetra

58.45EUR
18 Sep 2019
Change (% chg)

€0.75 (+1.30%)
Prev Close
€57.70
Open
€57.70
Day's High
€58.70
Day's Low
€57.40
Volume
15,195
Avg. Vol
78,016
52-wk High
€100.70
52-wk Low
€47.46

Latest Key Developments (Source: Significant Developments)

Krones CFO Michael Andersen Resigns
Wednesday, 24 Jul 2019 

July 24 (Reuters) - KRONES AG ::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.  Full Article

Krones Adjusts Its Earnings Outlook For 2019
Wednesday, 10 Jul 2019 

July 10 (Reuters) - Krones AG ::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.  Full Article

Krones Confirms 2019 Targets For Sales Growth Of 3 Percent
Monday, 29 Apr 2019 

April 29 (Reuters) - Krones AG ::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.  Full Article

Krones Reduces Revenue And Earnings Forecast For 2018
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Krones AG ::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.  Full Article

Krones Strengthens Process Technology With Acquisition In China
Monday, 17 Sep 2018 

Sept 17 (Reuters) - KRONES AG ::STRENGTHENS PROCESS TECHNOLOGY WITH ACQUISITION IN CHINA.ACQUIRED BUSINESS OPERATIONS AND ASSETS OF SHANGHAI XIANTONG EQUIPMENT INSTALLATION EFFECTIVE 1 SEPTEMBER 2018.  Full Article

Krones Plans Div of 1.70 Euros Per Share For 2017
Thursday, 15 Mar 2018 

March 15 (Reuters) - Krones AG ::KRONES PLANS TO PAY OUT A DIVIDEND OF EUR1.70 PER SHARE FOR 2017.‍FORECASTS CONTINUED REVENUE AND EARNINGS GROWTH IN 2018​.‍2017 REVENUE INCREASED 8.8% YEAR-ON-YEAR TO EUR3,691.4 MILLION​.EXPECTS CONSOLIDATED REVENUE TO GROW BY 6% IN 2018.EXPECTS REPORTED EBT MARGIN TO BE 7.0% IN 2018.FY EBT IMPROVED 8.9% OVER 2016 TO EUR258.8 MILLION.  Full Article

Krones Sees Stable Proitability in 2018
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Krones AG ::‍REVENUE INCREASED 9% TO EUR3.69 BILLION. ADJUSTED FOR ACQUISITIONS, GROWTH REACHED 7%.​.‍2017 ORDER INTAKE INCREASED 10 PERCENT.‍REVENUE AND EARNINGS ARE EXPECTED TO INCREASE FURTHER IN 2018​.‍EBT IMPROVED 8.9% YEAR-ON-YEAR TO EUR259 MILLION IN 2017​.‍EXPECTS CONSOLIDATED REVENUE TO GROW BY 6% IN 2018​.‍EXPECTS TO POST AN EBT MARGIN OF 7.0% IN 2018​.  Full Article

Krones confirms group targets for 2017
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Krones AG :Confirms group targets for 2017.  Full Article