Changes in reporting Konecranes' orders received and alternative performance measures
KONECRANES PLC CORPORATE PRESS RELEASE APRIL 12, 2023 6:45 PM EEST
Changes in reporting Konecranes' orders received and alternative performance measures
Konecranes has decided to make some changes in reporting its orders received and alternative performance measures.
Starting from Q1 2023, orders received includes the sales of service from the agreement base for the corresponding period.
The restated orders received for 2022 are the following:
|
EUR million |
|||||
|
Orders received, restated |
Q1/2022 |
Q2/2022 |
Q3/2022 |
Q4/2022 |
1-12/2022 |
|
Service |
346.7 |
366.7 |
369.5 |
359.6 |
1,442.5 |
|
Industrial Equipment |
364.7 |
385.7 |
334.3 |
306.9 |
1,391.6 |
|
Port Solutions |
430.3 |
407.6 |
457.6 |
360.0 |
1,655.3 |
|
./. Internal |
-44.2 |
-77.8 |
-73.5 |
-66.1 |
-261.6 |
|
Total |
1,097.5 |
1,082.1 |
1,087.9 |
960.3 |
4,227.9 |
The reported orders received for 2022 were the following:
|
EUR million |
|||||
|
Orders received, reported |
Q1/2022 |
Q2/2022 |
Q3/2022 |
Q4/2022 |
1-12/2022 |
|
Service |
283.1 |
297.2 |
298.3 |
283.2 |
1,161.9 |
|
Industrial Equipment |
364.1 |
384.8 |
334.0 |
306.2 |
1,389.2 |
|
Port Solutions |
426.6 |
403.5 |
453.6 |
355.7 |
1,639.5 |
|
./. Internal |
-44.2 |
-77.8 |
-73.5 |
-66.1 |
-261.6 |
|
Total |
1,029.6 |
1,007.8 |
1,012.5 |
879.1 |
3,928.9 |
Excl. Agreement Base
Starting from Q1 2023, Adjusted EBITA is renamed as Comparable EBITA, and Adjustments are renamed as Items Affecting Comparability. Only the names change, and the definition of the Comparable EBITA remains unchanged.
In addition, starting from Q1 2023, the net working capital formula is updated to better correspond to the net working capital definition in the cash flow statement. The updated net working capital formula excludes tax and other financial assets and liabilities, and is: Non interest-bearing current assets excluding income tax receivables and other financial assets (derivatives) – Non interest-bearing current liabilities excluding income tax payables and other financial liabilities (derivatives) – long-term provisions.
The restated and reported net working capital for 2022 are presented in the below table:
|
EUR million |
Q1/2022 |
Q2/2022 |
Q3/2022 |
Q4/2022 |
|
Net working capital, restated |
322.8 |
381.0 |
505.1 |
490.2 |
|
Net working capital, reported |
422.8 |
473.8 |
578.5 |
581.2 |
Konecranes publishes its January-March 2023 Interim Report on April 28, 2023.
KONECRANES PLC
Kiira Fröberg
Vice President, Investor Relations
FURTHER INFORMATION
Kiira Fröberg,
Vice President, Investor Relations,
tel. +358 (0) 20 427 2050
Konecranes is a world-leading group of Lifting Businesses, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. In 2022, Group sales totaled EUR 3.4 billion. The Group has approximately 16,500 employees in around 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).