Krones AG (XTER:KRN)
€ 118.6 0 (0%) Market Cap: 3.78 Bil Enterprise Value: 3.48 Bil PE Ratio: 4.46 PB Ratio: 2.04 GF Score: 87/100
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Q1 2020 Krones AG Earnings Call Transcript

Apr 29, 2020 / 12:00PM GMT
Release Date Price: €59.6 (+7.97%)
Operator

Good afternoon, and welcome to the conference call of Krones AG. At our customer's request, this conference will be recorded. May I now hand you over to Christoph Klenk, CEO.

Christoph Klenk
Krones AG - Chairman of Executive Board & CEO

Yes. Thank you. Warm welcome, ladies and gentlemen, to the conference call on behalf of Krones for our Q1 results. Norbert Broger and myself will give you a presentation where we are and at least try to look into the future. One remark in the beginning, first time, we have a journalist from a financial newspaper with us to have transparency in our communication.

We will start with the first slide, and you see here the highlights we have to mention. First of all, revenue has decreased, of course, initially affected by COVID-19 by 4.2% to EUR 942 million in the first 3 months. The second point is the economic uncertainties, of course, have significantly increased and impacted as well our customer investment confidence. We will talk about that later in detail. And you see that the order intake has decreased by almost

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