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Kone raises full-year outlook after strong Q2 profit
July 19, 2013 / 9:42 AM / 4 years ago

Kone raises full-year outlook after strong Q2 profit

HELSINKI, July 19 (Reuters) - Finnish lift and escalator maker Kone raised its full-year outlook after strong demand in Asia helped it book a stronger-than-expected operating profit for the second quarter.

Its second-quarter operating profit rose to 242.8 million euros ($317.9 million) from 210 million euros a year earlier. Analysts on average expected 237 million euros, according to a Reuters poll.

It raised its forecast for 2013 sales growth to 9-11 percent and said its expected full-year operating income to be 890-920 million euros. It previously estimated sales growth of 7-10 percent and operating profit of around 870-920 million euros. ($1 = 0.7639 euros) (Reporting by Terhi Kinnunen; Editing by Ritsuko Ando)

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