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    Krones Group Annual Report 2019
    2019 Highlights
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    2019 Highlights

       

      • Despite difficult overall economic conditions, consolidated revenue increased in 2019 by 2.7% to €3.96 billion.
      • Order intake, at €4.08 billion, was up 3.2% year-on-year.
      • Profitability affected by high personnel costs and one-time expenses for restructuring and impairments. The EBT margin is 1.1% (prior year 5.3%). 
        Without one-time effects, the EBT margin would be 2.8%, in line with the guidance of around 3%.
      • Krones is making good progress in implementing structural measures for a sustained improvement in earnings.
      • Krones plans to pay a dividend based on earnings excluding one-time effects. 
        Shareholders will receive a dividend of €0.75 per share for 2019.

       

          2019 2018 Change
      Revenue € million 3,958.9 3,854.0 + 2.7 %
      Order intake € million 4,083.5 3,957.3 + 3.2 %
      Orders on hand at 31 December € million 1,385.7 1,261.1 + 9.9 %
               
      EBITDA € million 227.3 305.9 – 25.7 %
      EBITDA margin % 5.7 7.9 – 2.2 PP*
      EBIT € million 43.9 203.2 – 78.4 %
      EBT € million 41.7 204.3 – 79.6 %
      EBT margin % 1.1 5.3 – 4.2 PP*
      Consolidated net income € million 9.2 150.6 – 93.9 %
      Earnings per share 0.30 4.78
      Dividend per share 0.75** 1.70 – 55.9 %
               
      Capital expenditure for PP&E and intangible assets € million 168.9 179.1 – €10.2 million
      Free cash flow € million – 94.4 120.7 – €215.1 million
      Net cash at 31 December *** € million 38.1 215.1 – €177.0 million
      Working capital to revenue **** % 26.9 27.3 – 0.4 PP*
      ROCE % 2.7 12.8 – 10.1 PP*
               
      Employees at 31 December        
      Worldwide   17,353 16,545 + 808
      Germany   10,733 10,887 – 154
      Outside Germany   6,620 5,658 + 962

      *Percentage Points **As per proposal for the appropriation of earnings available for distribution
      ***Cash and cash equivalents less debt ****Average of last 4 quarters

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