Kone Corp: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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KONE Oyj Raises FY 2012 Net Sales and EBIT Guidance
KONE Oyj announced that it has upgraded its outlook slightly for the fiscal year 2012 due to stronger than expected orders received and sales growth in Asia-Pacific, as well as more favorable material cost development than expected. KONE Oyj's fiscal year 2012 net sales are estimated to grow by between 10% and 15% at comparable exchange rates as compared with the fiscal year 2011. The fiscal year 2012 operating income (EBIT) is expected to be in the range of between EUR 750 million and EUR 800 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of the fiscal year 2012. KONE Oyj previously estimated its fiscal year 2012 net sales to grow by between 8% and 13% at comparable exchange rates as compared with the fiscal year 2011. The previous fiscal year 2012 operating income (EBIT) outlook was between EUR 730 million and EUR 790 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of the fiscal year 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report fiscal year 2012 net sales of EUR 5,785.77 million and fiscal year 2012 EBIT of EUR 784.25 million. Previously, the Company reported fiscal year 2011 net sales of EUR 5,225.20 million and fiscal year 2011 EBIT of EUR 725.10 million.
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