Q4 2018 Krones AG Earnings Call Transcript
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 Michael Andersen, CFO.
Yes, thank you very much, and welcome to the call also from my side for the preliminary figures for 2018 for Krones.
If we go into our key figures on Page 1, it shows that we had an order intake of 4.5% compared to '17 or EUR 3.96 billion. So a strong growth. We also had sales of EUR 3.85 billion, which corresponds to a growth of 4.4% compared to '17. If we do adjust for the effects from M&A and also for currency fluctuations, we would have a growth of 5% compared to '17.
Our reported a EBT was 5.3% or EUR 204 million, including some special effects of some EUR 42 million, which adjusted for these effects would have given a result of 6.4%.
Of particular importance was the free cash flow, which shows a significant improvement compared to 2017 of some EUR 267 million improvement. So
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