DGAP-Adhoc: Krones AG: Krones specifies structural measures and adjusts earnings for 2019
DGAP-Ad-hoc: Krones AG / Key word(s): Change in Forecast Ad-hoc-disclosure 12. December 2019 Krones specifies structural measures and adjusts earnings As part of the efficiency measures, Krones is already reducing jobs in the current fiscal year. This programme will be continued in 2020. The expenses and provisions required for this amount to approximately € 30 million. The job reductions mainly concern administrative functions. For many years, Krones has invested in different future technologies for direct ink printing. In the future, Krones will focus on the direct printing technology with the highest market acceptance. For direct printing technologies that are not further pursued, an impairment loss of around € 20 million is incurred. Additionally, goodwill is impaired by approximately € 20 million. Both impairments do not affect liquidity and have no impact on Krones' cash flow. For the years 2020 and 2021, Krones is expecting a positive EBT effect of a total of approximately € 150 million from the reduction of personnel costs, the optimized portfolio and further measures. The provisions and impairments for the structural measures will have no effect on the dividend for the fiscal year 2019. The dividend will be calculated based on the profit excluding those one-time effects and should be in the usual range of 25 to 30 percent of the profit. Explanation of financial figures of Krones: Contact:
12-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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: | 934561 |
End of Announcement | DGAP News Service |
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934561 12-Dec-2019 CET/CEST