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Krones: "New orders increased 5.0 % year-on-year to 659.8 million euros"

In the first three months of 2012, the company laid a solid foundation for achieving its sales growth target of 2 % to 4 % for 2012.

First-quarter sales were up 6.9 % year-on-year to 648.6 million Euros. The biggest contribution to growth came from the markets of Eastern Europe and South America.

In the period from January to March 2012, Krones generated 32.5 million Euros in earnings before taxes. That is 7.7 % less than the high year-earlier figure of 35.2 million Euros.

Looking at the development of Krones’ markets and the continuing uncertain macroeconomic outlook, company expects sales growth in 2012 to be a moderate 2 % to 4 %. (bmg)