Fortune 500 Global

FRANKFURT (Dow Jones)-The past fiscal year has the Beverage equipment manufacturer Krones all been in the sign of the crisis: both the New orders as well as the turnover of the MDAX-listed group, given the shrinking Investment by clients considerably. Both operating and net was due to the also encountered fierce price pressure, even the first loss in 2009 company history.
In the final quarter, the position in which the Upper Palatinate established family business but clearly Neutraubling have brightened. Analysts reckon not only with the fact that the orders increased compared to the previous year. In addition, Krones will October-December have the black again. That were the only one quarterly profit in the previous fiscal year.
The Krones AG will in the coming days their provisional Disclose financial figures. As chief financial officer Hans-Juergen Thoff market In recent months, however, sufficiently at the first Has prepared loss in corporate history, this should ultimately, no one by surprise. The manager expects a Sales decline of up to fourth with a minus 20 million to 30 million euros.
2008, near Regensburg-based company had just under EUR 2.4 billion worth of tax redeemed EUR 106.5 million. For Thoff expects the current year so that the £ 2 billion sales mark again can be cracked. In addition to a win here again.
Whether Krones, however, already the preliminary figures will take another look at 2010, is not clear. More specifically, the Prospects could give the company also first on the annual press conference at the end of April.
Some analysts hold the view, given the recent Revenue for continuing bad quality too optimistic and accuse the company in times of crisis, too little on the cost-saving device have come to light. Although probably a 2009 Krones saved approximately 150 million EUR, which Permanent staff but was not affected. CFO Thoff had, despite all Criticism of his course always stressed with the core team through the crisis come to want.
The following are the estimates of Dow Jones Newswires Analysts surveyed for the fourth quarter and full year 2009 (in million EUR, earnings per share and dividend in euros, under IFRS).

Job Erg.vor Erg nSt

4. Quarterly Revenues EBIT entrance u.Dritten Taxes

AVERAGE 497 494 0.3 0.1 2.3

Last year 456 616 30.0 29.3 20.0

+ / – In% +9.0 -20 -99 -100 -89

MEDIAN 500 493 -0.1 1.0 2.4

Results / Div / Share

Shares in 2009

AVERAGE 0.10 0.00

Previous year 0.64 0.60

+ / – In% -85 -100

MEDIAN 0.10 0.00

Job Erg.vor nSt Erg Erg /

Full Year Sales EBIT Taxes entrance u.Dritten shares

AVERAGE (1) 1,911 1,858 -28 -27 -23 -0.75

Previous year 2,326 2,381 158 156 107 3.39

+ / – In% -18 -22 n.a. n.a. n.a. n.a.

MEDIAN (1) 1,914 1,857 -28 -26 -23 -0.75

Source previous year figures to the company - as reported.
(1) Own calculation by Dow Jones Newswires on the basis of consensus
for
the fourth quarter and the nine-month figures already reported.

- By Nico Schmidt, Dow Jones Newswires;
+49 (0) 69 297 25 114; nico.schmidt @ dowjones.com

DJG / ncs / kla
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(END) Dow Jones Newswires

March 10, 2010 10:34 ET (15:34 GMT)

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