KONECRANES PLC: KONECRANES PROVIDES FULL-YEAR FINANCIAL GUIDANCE AHEAD OF REPORTING STRONG SECOND-QUARTER PERFORMANCE
KONECRANES PLC insideR information July 16, 2020 at 18:20 p.m. EEST
KOnecranes plc: konecranes PROVIDES full-year financial guidance ahead of reporting STRONG second-quarter PERFORMANCE
Due to the rapidly evolving situation as a result of the Coronavirus (COVID-19) pandemic, Konecranes withdrew its financial guidance for full-year 2020 on March 26, 2020.
Konecranes has today decided to provide financial guidance for full-year 2020. Based on our current orderbook and the demand environment, new financial guidance for full-year 2020 is:
- Konecranes expects the full-year 2020 net sales to decrease from the previous year
- Konecranes expects the full-year 2020 adjusted EBITA margin to decrease compared to the previous year
In full-year 2019 Group net sales totaled EUR 3,326.9 million and the group adjusted EBITA margin was 8.3%.
Konecranes shares exceptionally the following preliminary information concerning its results for the January-June 2020 period:
KEY FIGURES, GROUP (unaudited 1)
|April – June||January – June|
|4-6/ 2020||4-6/ 2019||Change %||1-6/ 2020||1-6/ 2019||Change %|
|Orders received, MEUR||581.5||822.7||-29.3||1,318.5||1,670.8||-21.1|
|Sales total, MEUR||704.7||794.0||-11.3||1,474.2||1,552.3||-5.0|
|Adjusted EBITA, MEUR 2||57.5||67.0||-14.2||78.6||115.4||-31.9|
|Adjusted EBITA, % 2||8.2%||8.4%||5.3%||7.4%|
1 Numbers subject to change
2 Excluding adjustments and purchase price amortization
Konecranes Plc will publish its complete January-June Half-year Financial Report on July 24, 2020 at approximately 8.00 a.m. EEST.
Before 24 July 2020, the company will not comment further on the results due to the ongoing silent period. On the result publication day, Konecranes will host an analyst, investor and press conference call with a possibility to ask questions.
Kiira Fröberg, Investor Relations, tel. +358 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 2019, Group sales totaled EUR 3.33 billion. Including MHE-Demag, the Group has around 18,000 employees in 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).