DGAP-News

Krones AG:

DGAP-News: Krones AG / Key word(s): AGM/EGM
Krones AG:

17.06.2015 / 17:58

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17 June 2015

Satisfied shareholders at Krones AG's annual shareholders' meeting

- Krones pays out EUR1.25 per share

- Executive Board reports on successful 2014 and confirms positive
outlook for 2015

- Last annual shareholders' meeting with Volker Kronseder as Chairman of
the Executive Board of Krones AG

Krones AG held its 35th annual shareholders' meeting in Neutraubling,
Germany, today. Representation of the company's share capital at the
meeting came to 83.07 %. All of the resolutions proposed were adopted by a
large majority.

Krones continues profitable growth trend

Executive Board Chairman Volker Kronseder and Chief Financial Officer
Christoph Klenk reported to the shareholders in attendance on a very
successful year 2014 overall. Krones further improved all key financial
performance indicators last year and set new records for revenue and
earnings. The world's leading manufacturer of filling and packaging
technology has also got the new financial year off to a good start. The
Executive Board affirmed its forecast for 2015 at the annual shareholders'
meeting. The company expects revenue to climb by 4%. The EBT margin target
(EBT to sales revenue) is 6.8% (previous year: 6.5%).

Shareholders receive dividend of EUR1.25 per share

The Executive Board and the Supervisory Board of Krones proposed to the
annual shareholders' meeting a dividend of EUR1.25 per share for the 2014
financial year, to distribute an appropriate portion of profits to
shareholders. The annual shareholders' meeting approved the proposal by a
large majority. The payout corresponds to 29% of consolidated net income
for 2014. Thus, the dividend payout ratio lies at the upper end of the
target corridor of 25% to 30% under Krones' long-term dividend policy.
Compared with the previous year's regular dividend of EUR1.00 per share,
this year's dividend is up 25%. In the previous year, shareholders had
received a one-time special dividend of EUR1.00 per share on top of the
regular dividend, with which Krones shared the proceeds of its sale of
treasury shares with stockholders.


Supervisory Board thanks Volker Kronseder for many, successful years