Kone Oyj Reports Consolidated and Parent Earnings Results for the Year Ended December 31, 2012; provides earnings guidance for the full year of 2013
For year, on parent basis, sales were EUR 411.648 million compared to EUR 392.280 million a year ago. Operating profit was EUR 149.820 million compared to EUR 156.552 million a year ago. Profit before extraordinary items was EUR 469.970 million compared to EUR 497.615 million a year ago. Profit before appropriations and taxes were EUR 503.750 million compared to EUR 537.860 million a year ago. Profit for the financial year was EUR 459.324 million compared to EUR 492.628 million a year ago. Cash flow from operating activities was EUR 409.067 million compared to EUR 377.029 million a year ago. Capital expenditure was EUR 16.236 million compared to EUR 11.771 million a year ago.
The company also provided earnings guidance for the year 2013. For the year, net sales are estimated to grow by 5% to 9% at comparable exchange rates as compared to 2012. The operating income (EBIT) is expected to be in the range of EUR 840 million to 920 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of 2013.