Krones AG (LTS:0LQ4)
€ 117.1 -0.6 (-0.51%) Market Cap: 3.73 Bil Enterprise Value: 3.44 Bil PE Ratio: 4.54 PB Ratio: 2.13 GF Score: 87/100

Q3 2019 Krones AG Earnings Call Transcript

Oct 30, 2019 / 01:00PM GMT
Release Date Price: €59.88 (+5.97%)
Operator

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

Christoph Klenk
Krones AG - Chairman of Executive Board & CEO

Yes. Good afternoon, ladies and gentlemen. A warm welcome to the Q3 conference call of Krones. Pleasure to be here today. Before I start with the presentation, one short remark about our new CFO, Norbert Broger, who is joining Krones on the 1st of January 2020. And very briefly, I want to give you a little bit background about Norbert Broger just that you can justify who is coming on Board, if you have not read already.

First of all Norbert Broger worked the last 7 years with the Schuler AG. Schuler AG was still SDAX listed when he joined. Later Schuler was bought by the Andritz Group and Norbert Broger operated there in a very challenging environment for the automotive industry.

Before this engagement Norbert Broger was with Krones and was Head of Controlling. And this is something which allows him

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