03.12.2020 Krones AG  DE0006335003

DGAP-Adhoc: Krones AG: Executive Board of Krones AG decides further reduction in the workforce


 

DGAP-Ad-hoc: Krones AG / Key word(s): Restructure of Company
Krones AG: Executive Board of Krones AG decides further reduction in the workforce

03-Dec-2020 / 08:44 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad-hoc-Meldung

03.12.2020

Executive Board of Krones AG decides further reduction in the workforce

In order to secure its future profitability and competitiveness, Krones is to adjust the size of its workforce to the lower short to medium-term business volume. To this end, Krones had previously made individual and voluntary offers to a portion of the workforce in Germany to terminate their employment contracts. In total, around 400 employees accepted these offers.

The Executive Board of Krones AG today adopted further structural measures for capacity adjustment, deciding on a further reduction by 350 positions at Krones locations in Germany. This additional reduction in the workforce will be implemented in a socially responsible manner.

The total expense of the structural measures for capacity adjustment in the 2020 financial year will be around €65 million. In consequence, the Executive Board expects an EBITDA margin for 2020 of 3.5 % to 4.0 %. Excluding the expense of the workforce reduction measures, this corresponds to the previous guidance for the EBITDA margin of 5.5% to 6.0%. In addition, the Executive Board expects goodwill impairments and other value adjustments in a total amount of around €10 million for the full 2020 financial year.

Explanations of the cited financial performance indicators are provided in the Krones Group's Annual Report online at https://www.krones.com/media/downloads/GB_2019_Konzern_e.pdf, primarily on pages 49 onwards and page 57.


Contact:
Olaf Scholz
Head of Investor Relations Krones AG
Tel.: +49 9401 70-1169
E-Mail: [email protected]


03-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Krones AG
Böhmerwaldstraße 5
93073 Neutraubling
Germany
Phone: +49 (0)9401 701169
Fax: +49 (0)9401 709 1 1169
E-mail: [email protected]
Internet: www.krones.com
ISIN: DE0006335003
WKN: 633500
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1152475

 
End of Announcement DGAP News Service

1152475  03-Dec-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1152475&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 3.173,51 3.391,25 3.691,36 3.853,98 3.958,88 3.322,74 3.608,00
EBITDA1,2 305,30 320,83 340,19 305,89 227,26 133,22 278,00
EBITDA-Marge3 9,62 9,46 9,22 7,94 5,74 4,01 7,71
EBIT1,4 216,91 227,98 245,47 203,15 43,95 -40,81 135,00
EBIT-Marge5 6,84 6,72 6,65 5,27 1,11 -1,23 3,74
Jahresüberschuss1 156,26 169,10 187,13 150,60 9,24 -79,71 92,00
Netto-Marge6 4,92 4,99 5,07 3,91 0,23 -2,40 2,55
Cashflow1,7 174,43 194,67 -5,86 315,05 93,53 321,77 0,00
Ergebnis je Aktie8 4,98 5,40 5,97 4,78 0,30 -2,52 2,90
Dividende8 1,45 1,55 1,70 1,70 0,75 0,06 0,75
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

INVESTOR-INFORMATIONEN
©boersengefluester.de
Krones
WKN Kurs in € Einschätzung Börsenwert in Mio. €
633500 94,700 Halten 2.991,86
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
19,73 20,06 0,98 30,86
KBV KCV KUV EV/EBITDA
2,50 9,30 0,90 23,18
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,06 0,75 0,79 31.05.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
06.05.2022 03.08.2021 05.11.2021 24.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
5,88% 17,19% 43,38% 50,68%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Krones AG  ISIN: DE0006335003 können Sie bei DGAP abrufen

Maschinen-/Anlagenbau , 633500 , KRN , XETR:KRN