Vacon Oyj Confirms FY 2013 Guidance and FY 2014 Guidance
Vacon Oyj announced that it has decided to retain guidance it published earlier that its revenues will increase by between 5% and 15%, and that its operating profit percentage excluding one-time items will be between 10% and 12% in the fiscal year 2013. Revenues in the fiscal year 2012 totaled EUR 388.4 million and the operating profit percentage excluding one-time items was 9.4%. Vacon's goal is to achieve revenues of EUR 500 million in the fiscal year 2014. Its profitability target for 2014 is an operating profit of 14%, and for return on equity the target is more than 30%. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of EUR 433.80 million for the fiscal year 2013.
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