Konecranes Oyj - Interim report (Q1 and Q3)

STRONG ORDER INTAKE, OPERATING PROFIT IMPROVING

KONECRANES PLC INTERIM REPORT April 25, 2012 at 9:00 a.m.

Figures in brackets, unless otherwise stated, refer to the same period a year
earlier. 

FIRST QUARTER HIGHLIGHTS

- Order intake EUR 534.6 million (510.9), +4.6 percent; Service +12.2 percent
and Equipment +2.3 percent. 
- Order book EUR 1,075.6 million (956.6) at the end of March, 12.4 percent
higher than a year ago, 8.5 percent higher than at the end of 2011. 
- Sales EUR 474.0 million (387.8), +22.2 percent; Service +20.4 percent and
Equipment +22.0 percent. 
- Operating profit EUR 24.0 million (18.5), +29.4 percent; 5.1 percent of sales
(4.8). 
- Earnings per share (diluted) EUR 0.25 (0.14).
- Net cash flow from operating activities EUR 12.0 million (-2.1).
- Net debt EUR 222.4 million (7.0) and gearing 56.8 percent (1.7).

MARKET OUTLOOK

Forecasting the demand continues to be challenging due to macroeconomic
uncertainties. Based on the current offer base, the demand outlook is stable.
However, due to the timing of large port crane projects, the quarterly
Equipment order intake may fluctuate. 

FINANCIAL GUIDANCE

Based on the order book, we forecast year 2012 sales and operating profit to be
higher than in 2011. 



KEY FIGURES                                                                     
--------------------------------------------------------------------------------
                                      1-3/201  1-3/20  Change   R12M     2011   
                                      2        11        % 
--------------------------------------------------------------------------------
Orders received, MEUR                   534.6   510.9      4.6  1,919.8  1,896.1
--------------------------------------------------------------------------------
Order book at end of period, MEUR     1,075.6   956.6     12.4             991.8
--------------------------------------------------------------------------------
Sales total, MEUR                       474.0   387.8     22.2  1,982.6  1,896.4
--------------------------------------------------------------------------------
EBITDA excluding restructuring           33.7    27.1     24.4    160.9    154.3
 costs, MEUR                                                                    
--------------------------------------------------------------------------------
EBITDA excluding restructuring           7.1%    7.0%              8.1%     8.1%
 costs, %                                                                       
--------------------------------------------------------------------------------
Operating profit excluding               24.0    18.5     29.4    122.6    117.2
 restructuring costs, MEUR                                                      
--------------------------------------------------------------------------------
Operating margin excluding               5.1%    4.8%              6.2%     6.2%
 restructuring costs, %                                                         
--------------------------------------------------------------------------------
EBITDA, MEUR                             33.7    27.1     24.4    154.8    148.1
--------------------------------------------------------------------------------
EBITDA, %                                7.1%    7.0%              7.8%     7.8%
--------------------------------------------------------------------------------
Operating profit, MEUR                   24.0    18.5     29.4    112.3    106.9
--------------------------------------------------------------------------------Operating margin, %                      5.1%    4.8%              5.7%     5.6%
--------------------------------------------------------------------------------
Profit before taxes, MEUR                20.5    11.8     73.5    104.4     95.8
--------------------------------------------------------------------------------
Net profit for the period, MEUR          14.4     8.3     73.6     71.0     64.9
--------------------------------------------------------------------------------
Earnings per share, basic, EUR           0.25    0.14     71.4     1.21     1.11
--------------------------------------------------------------------------------
Earnings per share, diluted, EUR         0.25    0.14     72.9     1.21     1.10
--------------------------------------------------------------------------------
Gearing, %                              56.8%    1.7%                      50.5%
--------------------------------------------------------------------------------
Return on capital employed %,                                     19.0%    17.1%
 Rolling 12 Months (R12M)                                                       
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Average number of personnel during     11,704  10,370     12.9            10,998
 the period                                                                     


President and CEO Pekka Lundmark:

”The first quarter development met largely our expectations. Demand continued
to be on a good level and it was pleasing to see some increased activity also
in Western Europe. The Region Americas continued strong, while Asia-Pacific
demand was approximately on the same level as in the fourth quarter of the last
year, but behind the first quarter a year ago. 

Sales growth of 22.2 percent and operating profit growth of 29.4 percent were
good achievements, even though the operating margin of 5.1 percent was
seasonally weak, which is typical for our first quarter. It is not surprising
that operational leverage was still low compared to the first quarter of 2011
since the acquisitions, network expansions and increased R&D and IT spending
started to increase our fixed costs, mainly from the second quarter of last
year onwards. Now, when our fixed cost growth is slowing down, we expect the
operating leverage to increase.” 

ANALYST AND PRESS BRIEFING

An analyst and press conference will be held at G.W. Sundmans' Auditorium
(address: Eteläranta 16) at 11.00 a.m. Finnish time. The Interim Report will be
presented by Konecranes' President and CEO Pekka Lundmark and CFO Teo Ottola. 

A live webcast of the conference will begin at 11.00 a.m. at
www.konecranes.com. Please see the stock exchange release dated April 13, 2012
for the conference call details. 


KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations

FURTHER INFORMATION
Mr Pekka Lundmark, President and CEO, tel. +358 20 427 2000
Mr Teo Ottola, Chief Financial Officer, tel. +358 20 427 2040
Mr Miikka Kinnunen, Director, Investor Relations, tel. +358 20 427 2050
Mr Mikael Wegmüller, Vice President, Marketing and Communications, tel. +358 20
427 2008 

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 and machine tools of all
makes. In 2011, Group sales totaled EUR 1,896 million. The Group has 11,700
employees at 609 locations in 47 countries. Konecranes is listed on the NASDAQ
OMX Helsinki (symbol: KCR1V). 

DISTRIBUTION
NASDAQ OMX Helsinki
Media
www.konecranes.com

Attachments:

Q1_2012_en.pdf