Vacon Oyj: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
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
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.
Latest Developments for Vacon Oyj
- Danfoss to commence mandatory redemption process for remaining Vacon shares
- Danfoss to initiate compulsory redemption proceedings for remaining Vacon shares
- Preliminary result of Danfoss's tender offer for all shares in Vacon
- Vacon Oyj says Danfoss receives approvals for tender offer for all shares in Vacon
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