FAQ
Frequently Asked Questions are a compilation of questions and answers concerning Krones AG. Whether you have a question about the company or the shares – you will find the answer here. And if you have a question to which you cannot find the answer here, the Corporate Communications Director will be glad to help you.
About the Company
Krones was founded by Hermann Kronseder in Neutraubling in 1951.
The headquarters of Krones AG is in Neutraubling (Oberpfalz, Germany).
The company plans, develops, manufactures and installs machinery and complete systems for the filling and packaging industry and for the production of beverages. Its customers include breweries and beverage producers, the food industry and the chemical, pharmaceutical and cosmetics industries.
The Krones Group has a 3-segment structure: plant and machinery for beverage production/process technology, plant and machinery for product filling and equipment, and plant and machinery for the lower output range.
Consolidated revenue 2016 was up 6.9% over 2015, to €3.39 billion. Earnings before taxes rose from €223.3 million in the previous year to €237.6 million.
Krones achieved the majority of its sales outside Germany, with exports accounting for 90 per cent in 2016.
Krones is the leading manufacturer in the field of beverage filling and packaging machines.
Its main competitors are Sidel (Tetra Laval group) and KHS (Salzgitter group).
On 31.12.2016 Krones had a workforce of 14,443; 10,061 of them in Germany.
Krones produces new machines solely in Germany. It has production facilities in Neutraubling, Rosenheim, Nittenau, Freising and Flensburg. The subsidiary Kosme produces in Austria and Italy.
Krones' financial year is the calendar year.
The company's annual financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS).
You can order the current business report online.
About the Share
The Krones preference share was first listed on 10.29.1984.
The WKN is 633500, the ISIN DE0006335003.
On all German exchanges and on the Xetra.
Krones shares are no-par value ordinary bearer shares.
30 per cent of the preference stock was converted into ordinary stock in 1998, the remaining 70 per cent in 2004.
There are 31,593,072 Krones shares.
The main indices in which the Krones share is listed are the MDAX and CDAX.
51.58 % of the shares are owned by the Kronseder Family Consortium GbR, 48.42 % are in free float.
Krones paid a dividend of 1.45 euros per share for the financial year 2015.
The next Annual General Meeting is held in the Neutraubling town hall on 06.20.2017.
The person to contact is Olaf Scholz.