Krones first-quarter earnings

With record figures for order bookings, sales and profits, the Krones Group has presented an improved mid-year balance sheet for the third time in succession.
The demand for machines, systems and ser…

With record figures for order bookings, sales and profits, the Krones Group has presented an improved mid-year balance sheet for the third time in succession. The demand for machines, systems and service support from the packaging machinery producer in Neutraubling near Regensburg, Germany, continues to rise. Order bookings at the Krones Group increased in the year“s first half by 10.9% to reach EUR 606.4 million. Sales over the same period, at EUR669.9 million, are 15.8% up on the preceding year“s equivalent figure. Profits developed with over-proportional vigour over the first half of the year. Earnings after taxes came to EUR 32.2 million – a substantial improvement of 28.3% over 2001“s level. Besides the increases in sales, earnings have been primarily boosted by the efforts made in preceding years to upgrade corporate efficiency. Moreover, Krones“ technological lead helps to further upgrade its top-ranking position worldwide in the packaging machinery sector, assuring continuously successful business. On the basis of the orders currently on hand, Krones anticipates that consolidated sales will grow by almost 10% over the 2002 business year as a whole (preceding year: EUR 1.165 billion). Net income is expected to show an over-proportional rise (2001: EUR50.3 million net income).