Inside information: Profit warning – Konecranes upgrades its profitability guidance for 2024

KONECRANES PLC INSIDE INFORMATION June 12, 2024 at 16:00 EEST

 

Inside information: Profit warning – Konecranes upgrades its profitability guidance for 2024

 

Konecranes upgrades its profitability guidance for 2024. During the first five months of the year, Konecranes’ strategy execution has progressed better than initially expected. The company has also continued its effective cost inflation management. As a result, Konecranes now expects its full-year 2024 comparable EBITA margin to improve from the previous year.

 

Konecranes updated financial guidance for 2024:

 

Konecranes expects net sales to remain approximately on the same level or to increase in 2024 compared to 2023. Konecranes expects the full-year 2024 comparable EBITA margin to improve from 2023.

 

In 2023, Konecranes’ net sales totalled EUR 3,966.3 million, and the comparable EBITA margin was 11.4%.

 

Konecranes’ previous financial guidance for 2024 (issued on February 2, 2024; reiterated on April 25, 2024):

 

Konecranes expects net sales to remain approximately on the same level or to increase in 2024 compared to 2023. Konecranes expects the comparable EBITA margin to remain approximately on the same level or to improve in 2024 compared to 2023.

 

KONECRANES PLC

Kiira Fröberg

Vice President, Investor Relations

 

FURTHER INFORMATION

For investors and analysts, please contact

Kiira Fröberg,

Vice President, Investor Relations,

tel. +358 (0) 20 427 2050

 

Konecranes is a global leader in material handling solutions, serving a broad range of customers across multiple industries. We consistently set the industry benchmark, from everyday improvements to the breakthroughs at moments that matter most, because we know we can always find a safer, more productive and sustainable way. That's why, with around 16,600 professionals in over 50 countries, Konecranes is trusted every day to lift, handle and move what the world needs. In 2023, Group sales totalled EUR 4.0 billion. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).

 

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