Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: Thomson Reuters StreetEvents
$75.00
Provider: Thomson Reuters StreetEvents
$75.00
Provider: Thomson Reuters StreetEvents
$75.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Konecranes Abp Issues Q2 2013 Operating Profit Guidance; Maintains FY 2013 Sales Guidance; Lowers FY 2013 Operating Profit Guidance


Wednesday, 19 Jun 2013 02:00am EDT 

Konecranes Abp announced that the unsatisfactory profitability development of the Business Area Equipment has continued in the second quarter of 2013. As result of this, the Company‚Äôs operating profit for the second quarter of 2013 is expected to be clearly below the fiscal year 2012 level. Konecranes intends to accelerate ongoing actions and initiate new measures to lower its cost base. The Company lowers its full-year fiscal year 2013 financial guidance. The new financial guidance is that based on the order book and the near-term demand outlook, the year fiscal year 2013 sales are expected to be stable or slightly higher than in fiscal year 2012. The Company expects the 2013 operating profit excluding restructuring costs to be approximately on the same level as in fiscal year 2012. Previously, based on the offer base and the near-term demand outlook, the Company expected fiscal year 2013 sales to be stable or slightly higher than in 2012. It also expected the 2013 operating profit to improve from fiscal year 2012. The Company reported fiscal year 2012 sales of EUR 2,170.20 million and fiscal year 2012 operating profit of EUR 137.90 million. It also reported operating profit for the second quarter of 2012 of EUR 34.70 million. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2013 sales of EUR 2,208.12 million and fiscal year 2013 operating profit of EUR 150.17 million. 

Company Quote

24.21
0.01 +0.04%
11:29am EDT