Kone Oyj: 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 Financial Guidance
KONE Oyj announced that it has raised its fiscal year 2012 financial guidance. The Company expects to report fiscal year 2012 net sales to grow by between 12% and 17% at comparable exchange rates as compared to fiscal year 2011. The Company also expects to report fiscal year 2012 operating income (EBIT), excluding one-time costs, to be in the range of between EUR 760 million and EUR 820 million. Previously, the Company expected to report fiscal year 2012 net sales to grow by between 10% and 15% at comparable exchange rates as compared to fiscal year 2011, and fiscal year 2012 operating income (EBIT) in a range between EUR 750 million and EUR 800 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of 2012. The upgrade of the outlook is due to stronger than expected orders received and sales growth in Asia-Pacific, and with regard to the fiscal year 2012 operating income outlook also due to favorable translation exchange rate movements. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2012 net sales of EUR 5,971.27 million and fiscal year 2012 EBIT of EUR 806.17 million.
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