Analyst Research

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Provider: Reuters Investment Profile

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Vacon Oyj Issues FY 2013 Financial Guidance in Line with Analysts' Estimates and FY 2014 Financial Guidance Above Analysts' Estimates

Tuesday, 5 Feb 2013 02:30am EST 

Vacon Oyj announced that estimates that its fiscal year (FY) 2013 revenues will increase by between 5% and 15% and that its FY 2013 operating profit percentage excluding one-time items will be between 10% and 12% in FY 2013. Revenues in FY 2012 totaled EUR 388.4 million and the operating profit percentage excluding one-time items was 9.3% in FY 2012. Vacon Oyj's goal is to achieve revenues of EUR 500 million in FY 2014. Its profitability target for FY 2014 is an operating profit of 14%, and for return on equity the target is more than 30% in FY 2014. According to I/B/E/S Estimates, analysts on average are expecting the Company to report FY 2013 revenues of EUR 429.20 million and FY 2014 revenues of EUR 475.53 million. 

Company Quote

23 Dec 2014