Heavy Machinery & Vehicles

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Konecranes Abp confirms FY 2014 financial guidance and plans restructuring

Monday, 8 Dec 2014 01:00am EST

Konecranes Abp:Says sales in FY 2014 are expected to be somewhat lower than in FY 2013.Says expects FY 2014 operating profit, excluding restructuring costs, to be about at same level or to improve slightly from FY 2013.Cost savings target of 30 million euros.Says total restructuring costs are estimated at maximum 20 million euros for years FY 2015 to FY 2016 of which 15 million euros are expected to have an impact on cash flow.

Vossloh announces details of reorganization, confirms FY 2014 forecast and gives FY 2015 outlook in line with analysts' estimates

Tuesday, 2 Dec 2014 07:10am EST

Vossloh AG:Decides on key points of new strategy of Vossloh Group.Previous Rail Infrastructure division is to be divided into three new business units - Core Components, Customized Modules and Lifecycle Solutions.Goal is to sell transportation division in whole or in parts by 2017 at latest or to transfer it into a partnership which will no longer be controlled by Vossloh.For 2014 fiscal year, Vossloh expects sales revenues in amount of about 1.34 billion euros and is confirming already-announced EBIT forecast of -150 million euros to -180 million euros.Is also planned to strengthen three new core divisions through acquisitions.Adjusted for one-off effects, 2014 EBIT is expected to be about 30 million euros.For 2015 executive board anticipates increase in sales between 3 pct to 4 pct and an increase in EBIT margin to about 3 pct to 4 pct.FY 2014 sales estimate 1.35 billion euros, EBIT estimate -175.3 million euros - Thomson Reuters I/B/E/S.FY 2015 sales estimate 1.44 billion euros, EBIT margin estimate 4.1 pct - Thomson Reuters I/B/E/S.

Cargotec says MacGregorreorganises into seven operative divisions

Thursday, 23 Oct 2014 04:45am EDT

Cargotec Oyj:Says MacGregor reorganises into seven operative divisions to improve customer focus.Says divisions will become effective on Jan. 1, 2015.Says six new operative divisions together with global lifecycle support as seventh one will enable Macgregor to improve customer service throughout lifecycle of products.


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