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Profit warning: Konecranes lowers full-year 2022 financial guidance

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KONECRANES PLC INSIDE INFORMATION July 12, 2022 8:30 pm EEST

 

Profit warning: Konecranes lowers full-year 2022 financial guidance

 

Although demand environment has remained good, global component and material availability and other supply chain issues as well as COVID-19 related challenges have continued to impact Konecranes’ delivery capability in the second quarter. These issues are expected to continue, and as a result, Konecranes lowers full-year 2022 guidance.  

 

The updated financial guidance for 2022:

Konecranes expects net sales to remain on the same level or to increase in full-year 2022 compared to 2021. Konecranes expects the adjusted EBITA margin to remain on the same level or to decrease in full-year 2022 compared to 2021.

 

The previous financial guidance for 2022:

Konecranes expects net sales to increase in full-year 2022 compared to 2021. Konecranes expects the full-year 2022 adjusted EBITA margin to improve from 2021.

 

In 2021, Konecranes net sales totaled EUR 3,185.7 million and adjusted EBITA margin was 9.8 percent.

 

Konecranes will report its Half-year Financial Report January-June 2022 on July 27, 2022. Due to the ongoing silent period, Konecranes will not comment further on the results ahead of the report release. On the results day, Konecranes will host an analyst, investor and press webcast with a possibility to ask questions.

 

KONECRANES PLC

 

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 2021, Group sales totaled EUR 3.2 billion. The Group has approximately 16,600 employees in around 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).

 

DISTRIBUTION

Nasdaq Helsinki

Major media

www.konecranes.com

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