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Provider: Reuters Investment Profile
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Cargotec Oyj Lowers FY 2013 Financial Guidance


Tuesday, 15 Oct 2013 02:00am EDT 

Cargotec Oyj announced that it has reduced its full-year 2013 guidance given in July 2013. The sales and operating profit excluding restructuring costs for fiscal year 2013 are expected to fall short of fiscal year 2012. Earlier guidance was for fiscal year 2013 sales to be slightly below fiscal year 2012 and fiscal year 2013 operating profit excluding restructuring costs to be at or slightly below fiscal year 2012 level. The Company reported fiscal year 2012 sales of EUR 3,327.30 million and fiscal year 2012 operating profit of EUR 157.20 million. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2013 sales of EUR 3,175.37 million and operating profit of EUR 150 million. 

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