Konecranes lowers its full-year 2013 financial guidance
The unsatisfactory profitability development of the Business Area Equipment has continued in the second quarter of 2013. As a result of this, Konecranes’ operating profit for the second quarter of 2013 is expected to be clearly below the previous year’s level, said in the company's press release.
Konecranes intends to accelerate ongoing actions and initiate new measures to lower its cost base. Further information will be provided in the January-June interim report due July 24, 2013.
Konecranes lowers its full–year 2013 financial guidance. The new financial guidance is: “Based on the order book and the near-term demand outlook, the year 2013 sales are expected to be stable or slightly higher than in 2012. We expect the 2013 operating profit excluding restructuring costs to be approximately on the same level as in 2012.”
Previous financial guidance:
“Based on the offer base and the near-term demand outlook, the year 2013 sales are expected to be stable or slightly higher than in 2012. We expect the 2013 operating profit to improve from 2012.”
Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity-enhancing lifting solutions as well as services for lifting equipment and machine tools of all makes. In 2012, Group sales totaled EUR 2,170 million. The Group has 12,100 employees at 626 locations in 48 countries. Konecranes is listed on the NASDAQ OMX Helsinki.
