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Krones AG (KRNG.DE)

KRNG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Krones to pay dividend of 1.55 euros/share
Thursday, 23 Mar 2017 02:34am EDT 

Krones AG :Says intends to pay out a dividend of 1.55 euros per share.  Full Article

Krones sees 2017 pretax margin remaining stable at 7 pct
Thursday, 2 Mar 2017 01:32am EST 

Krones AG : Krones achieved its 2016 growth and earnings targets . FY net profit rose 8.2 percent to 169.1 million eur . FY pretax profit rose 6.4 percent to 237.6 million eur . FY revenue rose 6.9 percent to 3.39 billion eur . Says revenue and earnings are expected to increase further in 2017. . Says generated free cash flow of eur49.2 million in 2016. . Says order intake increased 7.9% year-on-year to eur3,441.3 million in 2016 . Says expects consolidated revenue to grow by 4% in 2017 . Says expects earnings to rise further and EBT margin to remain stable at 7.0% this year . Forecast for company's new financial performance target, working capital to sales, is 27% for 2017 .Possible acquisitions are not included in these forecasts for 2017.  Full Article

Jiangsu Bicon Pharmaceutical Listed enters into cooperation agreement with Krones AG
Monday, 1 Aug 2016 03:56am EDT 

Jiangsu Bicon Pharmaceutical Listed Co <002411.SZ>: Says the co entered into strategic cooperation frame agreement with Krones AG .Says two parties will cooperate in the industry of healthcare products and Krones AG will support the co's need for planning smart plant at a fair price.  Full Article

Krones CEO says to present mid-term targets at Q3 results
Thursday, 21 Jul 2016 09:00am EDT 

Krones Ag : CEO says to present mid-term targets at q3 results, still aiming to increase profitability Further company coverage: [KRNG.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Krones improves H1 EBT by 3.1 pct, confirms guidance
Thursday, 21 Jul 2016 01:31am EDT 

Krones AG says: Says revenue in period from January to June 2016 grew 3.8% to eur 1,560.3 million . Says new orders improved 5.1% to eur 1,602.4 million . Says EBT climbed 3.1 percent . Says standing by its forecast for 2016 as a whole, predicting 3 percent revenue growth and an EBT margin of 7.0 percent . Says revenue in china picked up in Q2 of 2016 . Says new orders at Krones increased 5.1 percent in first half of 2016 to eur 1,602.4 million . Says H1 revenue grew 3.8 percent to eur 1,560.3 million .Q2 sales was 797 million eur, Q2 EBIT 55.5 million eur, adjusted net income 40.1 million eur.  Full Article

Krones AG says purchase of System Logistics stake closed successfully
Tuesday, 31 May 2016 09:42am EDT 

Krones AG :Krones AG: purchase of system logistics stake closed successfully.  Full Article

Krones AG confirms FY 2016 outlook
Thursday, 28 Apr 2016 03:30am EDT 

Krones AG:Confirms guidance for 2016 sales to rise 3 percent, EBT margin to rise to 7 percent.  Full Article

Krones buys 60 pct of shares in System Logistics S.p.A.
Thursday, 31 Mar 2016 10:42am EDT 

Krones AG:Acquires supplier in the intralogistics for beverage market.Has purchased 60 pct of the shares in System Logistics S.p.A.Krones is financing the acquisition with existing liquid funds.  Full Article

Krones gives FY 2016 revenue outlook in line with analysts' estimate, to propose dividend
Thursday, 17 Mar 2016 03:00am EDT 

Krones AG:Expects consolidated revenue to grow by 3 pct in FY 2016​.Expects to achieve an pretax margin of 7.0 pct in FY 2016​.To propose dividend 1.45 euro per share versus 1.25 euro per share year ago.FY 2015 reported revenue 3.17 billion euros.FY 2016 revenue estimate 3.25 billion euros - Thomson Reuters I/B/E/S.  Full Article

Krones to upgrade profitability of its Process Technology Segment
Wednesday, 25 Nov 2015 05:00am EST 

Krones AG:Aims to upgrade profitability of its Process Technology Segment.Optimisation measures to focus firstly on improving key work sequences, like drawing up quotations, processing orders and managing projects, and secondly on cutting costs.Action package planned is scheduled for implementation by 2017.Group's EBT margin target for FY 2015 as a whole, of 7.0 pct, will not be affected by this.  Full Article

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