Konecranes Oyj - Company Announcement

KONECRANES PLC'S ANNUAL GENERAL MEETING ON MARCH 26, 2015: PRESIDENT AND CEO PEKKA LUNDMARK COMMENTS ON THE FIRST QUARTER

KONECRANES PLC  STOCK EXCHANGE RELEASE  March 26, 2015 at 10 a.m. EET


The Annual General Meeting of Konecranes Plc is being held today, Thursday
March 26, 2015, starting at 10 a.m. EET in Hyvinkää, Finland. In his
presentation, Pekka Lundmark, President and CEO, summarizes the year 2014 and
comments on the first quarter of 2015 as follows: 

“Market conditions in the beginning of 2015 have been fairly unchanged from the
fourth quarter of 2014. In January-February, both business areas recorded
growth in order intake compared to the previous year. Business Area Service is
expected to continue on its steady path of year-on-year profitability
improvement in the first quarter of 2015. However, we expect Business Area
Equipment's first quarter result to be weak due to seasonally low deliveries
coupled with unfavorable product mix. Nevertheless, our full-year 2015 net
sales and operating profit guidance remains intact. 

Our Business Area Equipment management is actively working on the agenda
announced in December that carries a new target to generate cost savings of EUR
30 million by the end of the first quarter in 2016. The key items of the agenda
are restructuring non-performing units, optimization of supply chain and
simplification of the operational model. 

Our three strategic initiatives - Industrial Internet, Segment-based Offering
and oneKONECRANES - passed important milestones in 2014. Investments in these
areas will open up new business opportunities while improving the efficiency of
our processes.” 

The financial guidance issued on February 4, 2015 is reiterated:

Based on the order book, service contract base and the near-term demand
outlook, the year 2015 sales are expected to be higher than in 2014. We expect
the 2015 operating profit, excluding restructuring costs, to improve from 2014. 

The presentation material will also be available on the company website at
www.konecranes.com after the closing of the AGM. 

KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations



FURTHER INFORMATION
Analysts and Investors:
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc,
tel. +358 20 427 2050

Press:
Mikael Wegmüller, Vice President, Marketing and Communications, Konecranes Plc,
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 2014, Group sales totaled EUR 2,011 million. The Group has 12,000
employees at 600 locations in 48 countries. Konecranes is listed on the Nasdaq
Helsinki (symbol: KCR1V). 



DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com