Konecranes Oyj - Inside information

Inside information: Profit warning - Konecranes upgrades its profitability guidance for 2024

KONECRANES PLC INSIDE INFORMATION June 12, 2024 at 16:00 EEST

Inside information: Profit warning - Konecranes upgrades its profitability
guidance for 2024

Konecranes upgrades its profitability guidance for 2024. During the first five
months of the year, Konecranes' strategy execution has progressed better than
initially expected. The company has also continued its effective cost inflation
management. As a result, Konecranes now expects its full-year 2024 comparable
EBITA margin to improve from the previous year.

Konecranes updated financial guidance for 2024:

Konecranes expects net sales to remain approximately on the same level or to
increase in 2024 compared to 2023. Konecranes expects the full-year 2024
comparable EBITA margin to improve from 2023.

In 2023, Konecranes' net sales totalled EUR 3,966.3 million, and the comparable
EBITA margin was 11.4%.

Konecranes' previous financial guidance for 2024 (issued on February 2, 2024;
reiterated on April 25, 2024):

Konecranes expects net sales to remain approximately on the same level or to
increase in 2024 compared to 2023. Konecranes expects the comparable EBITA
margin to remain approximately on the same level or to improve in 2024 compared
to 2023.

KONECRANES PLC

Kiira Fröberg

Vice President, Investor Relations

FURTHER INFORMATION

For investors and analysts, please contact

Kiira Fröberg,

Vice President, Investor Relations,

tel. +358 (0) 20 427 2050

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

DISTRIBUTION

Nasdaq Helsinki

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www.konecranes.com