GERMANY: Krones sees H1 figures lift
Krones, the German beverage filling and packaging company, has posted a healthy increase during its first half.
The company said today (2 August) that sales in the first six months of this year were up 12.1% on the corresponding period a year earlier, coming in at EUR920.4m (US$1.17bn). While pre-tax profits registered a 13.2% increase to EUR60.2m, profits after tax climbed more modestly, by 5.2% in the first half to EUR38.1m.
Turning to order bookings, the German company boasted a 12.4% rise for the period to reach EUR941.9m.
Looking forward, the company said it "remains cautiously optimistic of sustained success in the ongoing business year".
In May, Krones said that it was targeting sales growth of between 5% and 10% in the future.
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