Konecranes Oyj - Company Announcement

KONECRANES PLC - KONECRANES LOWERS ITS FULL-YEAR 2013 FINANCIAL GUIDANCE

KONECRANES PLC  STOCK EXCHANGE RELEASE  June 19, 2013 at 09:00

The unsatisfactory profitability development of the Business Area Equipment has
continued in the second quarter of 2013. As result of this, Konecranes'
operating profit for the second quarter of 2013 is expected to be clearly below
the previous year's level. 

Konecranes intends to accelerate ongoing actions and initiate new measures to
lower its cost base. Further information will be provided in the January-June
interim report due July 24, 2013. 

Konecranes lowers its full-year 2013 financial guidance. The new financial
guidance is: “Based on the order book and the near-term demand outlook, the
year 2013 sales are expected to be stable or slightly higher than in 2012. We
expect the 2013 operating profit excluding restructuring costs to be
approximately on the same level as in 2012.” 

Previous financial guidance:

“Based on the offer base and the near-term demand outlook, the year 2013 sales
are expected to be stable or slightly higher than in 2012. We expect the 2013
operating profit to improve from 2012.” 


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 





DISTRIBUTION
NASDAQ OMX Helsinki
Media
www.konecranes.com



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 2012, Group sales totaled EUR 2,170 million. The Group has 12,100
employees at 626 locations in 48 countries. Konecranes is listed on the NASDAQ
OMX Helsinki (symbol: KCR1V).