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

KONECRANES PLC INSIDE INFORMATION September 12, 2024 at 19:45 EEST

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

Konecranes upgrades its sales guidance for 2024. Konecranes’ delivery execution has continued strong, and as a result, Konecranes now expects its full-year 2024 sales to increase from the previous year.

Konecranes updated financial guidance for 2024:

Konecranes expects net sales 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 June 12, 2024, reiterated on July 26, 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.

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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