Press and News
Ad-hoc release – Krones raises earnings target for 2015 after strong first half
Krones, the world’s leading manufacturer of filling and packaging technology, continued to grow profitably in the first half of 2015. Revenue grew 4.8% year-on-year to €1,503.7 million. New orders also increased further, by 4.3% to €1,524.1 million. Earnings before taxes (EBT) rose 16.4% in the first six months of 2015, from €89.4 million in the previous year to €104.1 million. As a result, the EBT margin, the ratio of earnings before taxes to revenue, improved from 6.2% to 6.9%.
Because profitability exceeded Krones’ expectations in the first half of 2015 and the market outlook is positive overall, Krones is raising its EBT margin forecast for the year 2015 as a whole from 6.8% to 7.0%. The company’s target for revenue growth for 2015 remains unchanged at 4%.back