Konecranes Abp: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents
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Konecranes Abp Lowers FY 2013 Financial Guidance
Konecranes Abp announced that due to the weaker than expected order intake and unfavorable currency development in the third quarter, the Company no longer expects to meet the earlier financial guidance for the fiscal year 2013. Based on the order book and the near-term demand outlook, the fiscal year 2013 sales are now expected to be slightly lower than in 2012. The Company expects the fourth quarter 2013 operating profit excluding restructuring costs to improve from the previous year. However, the full fiscal year 2013 operating profit excluding restructuring costs is expected to be lower than in 2012. Previously fiscal year 2013 sales were expected to be stable or slightly higher than in 2012, and fiscal year 2013 operating profit excluding restructuring costs was expected to be approximately on the same level as in 2012. For the fiscal year 2012 the Company reported operating profit of EUR 137.90 million. According to I/B/E/S Estimates analysts on average are expecting Konecranes to report operating profit of EUR 122.72 million.
Latest Developments for Konecranes Abp
- Konecranes Abp Announces Results of Statutory Negotiations; 51 Employees to Be Permanently Laid Off
- Konecranes Abp to Plans Personnel Reductions
- Konecranes Abp Comments on FY 2013 Financial Guidance
- Konecranes Abp Expands Actions to Improve Efficiency and Reduce Costs; Actions May Impact Maximum 600 People through Redundancies, Temporary Lay-Offs and Early Retirement
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