Konecranes Oyj: Inside Information: Profit Warning

KONECRANES PLC PRE-INFORMATION September 12, 2024 at 7:45 PM EEST

Inside information: Profit warning – Konecranes raises its sales forecast for 2024

Konecranes raises its sales forecast for 2024. Konecranes continues to deliver strong deliveries and now expects sales to increase year-over-year for the full year 2024.

Konecranes has updated its 2024 financial guidance:

Konecranes expects net sales to increase in 2024 compared to 2023. Konecranes expects comparable EBITA margin to improve for the full year 2024 compared to 2023.

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

Konecranes’ previous 2024 financial guidance (issued June 12, 2024, reiterated July 26, 2024):

Konecranes expects net sales in 2024 to remain at or increase from 2023 levels. Konecranes expects comparable EBITA margin to improve for the full year 2024 compared to 2023.

KONECRANES PLC

Kiira Fröberg

Vice Chairman, Investor Relations

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For investors and analysts, please contact

Kiira Fröberg,

Vice Chairman, Investor Relations,

telephone +358 (0) 20 427 2050

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

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Nasdaq Helsinki

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www.konecranes.nl