KRONES with further-improved business figures in 2005 as well(PresseBox) (Neutraubling, )
The world´s market leader in the field of beverage filling lines and packaging machinery upped its sales by 11.9 % over the previous year to reach 1.695 bn euros, a figure boosted particularly by a strong last quarter to the year.In particular, the rising demand for water bottling lines, plus the continuing trend towards beverage packages made of PET, both of them numbered among KRONES´ specialities, have contributed to this exceptional surge in sales.
KRONES also achieved vigorous growth in its order bookings, up by 11.7 % at 1.735 bn euros compared with the preceding year, thanks not least to orders totalling 120 m euros that KRONES won during the beverage industry´s drinktec 2005 trade fair.
The company´s profits after tax come to 63.4 m euros, a 2.2 % increase in net income for the year. Profit margins in 2005 were severely hit by the struggle for market share in a fiercely competitive price-driven business environment.
KRONES´ export quota rose in 2005 to 87 %, following 82 % in 2004. Almost 55 % of orders came from outside Europe, 32 % from Europe itself, and a mere 13 % from Germany, compared to 18 % in the preceding year, a drop reflecting the declining level of capital investment in the firm´s domestic market.
For 2006, KRONES expects sales to rise still further, boosted not least by contributions from new lines of business. With increased investment totalling 69 m euros, KRONES aims to upgrade its facilities in Germany, to increase its productivity by purposeful optimisation of all business processes, and on these foundations to improve its earnings still further.