11.09.2012 - 08:31
Konecranes is arranging a Capital Markets Day (“CMD”) for analysts and institutional investors in Hyvinkää and Hämeenlinna, Finland, today on September 11. The theme of the CMD is “Changing the game”. The presentations will discuss Konecranes’ vision on the basis of technology and development towards real-time services. The presentations will cover Konecranes’ geographic expansion particularly in emerging markets. In addition, fresh insights will be provided into port automation.
In his presentation, President and CEO Pekka Lundmark will reiterate the market outlook and financial guidance given in the January-June 2012 interim report. He will comment on the market situation as follows: "The third quarter of 2012 has so far proceeded in line with our expectations. Despite the economic uncertainties in different regions, our order intake remained on a good level in July-August. Our offering activity remains solid, but the weaker development of the world economy warrants caution.”
Executive Vice President, Head of Business Area Service, Fabio Fiorino will present the evolution of Service towards Real Time Services and how Remote Services is laying the foundation for this development. A target of tens of thousands of remote connections in the next several years will be introduced. This target is based on a solid foundation of Service’s existing maintenance contract base of over 400,000 pieces of equipment and sales of thousands of remote eligible pieces of equipment each year.
MARKET OUTLOOK (UNCHANGED)
Our current offer base remains on a good level. However, there are some signs of a weakening global demand due to the continuing crisis within the Eurozone and slower economic growth in some emerging markets.
FINANCIAL GUIDANCE (UNCHANGED)
Based on the order book, we forecast year 2012 sales and operating profit to be higher than in 2011.
LONG-TERM OBJECTIVES (UNCHANGED)
Profitability: Konecranes Group has a target to reach 10 percent operating margin over the cycle.
Growth: The Group has set a vision to reach a global market share of 30 %. This vision carries no time limit and is based on both organic growth and potential acquisitions.
Capital structure: The Group has no quantitative targets for the capital structure, but the optimal long-term gearing (net interest-bearing debt / equity) ratio is considered to be in the range of 50-80 percent. However, in the short-term the gearing can be higher or lower than this range.
Presentations and recordings of the CMD will be available on Konecranes website at www.konecranes.com > Investors > CMD 2012.
Director, Investor Relations
Analysts and Investors:
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc,
tel. +358 20 427 2050
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 2011, Group sales totaled EUR 1,896 million. The Group has 11,900 employees at 609 locations in 47 countries. Konecranes is listed on the NASDAQ OMX Helsinki (symbol: KCR1V).
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