Kone Oyj reported consolidated and parent earnings results for the year ended December 31, 2012. For the year, on consolidated basis, sales were EUR 6,276.8 million compared to EUR 5,225.2 million a year ago. Operating income was EUR 784.0 million compared to EUR 725.1 million a year ago. Income before income taxes was EUR 804.4 million compared to EUR 816.6 million a year ago. Net income attributable to shareholders of the parent company was EUR 601.2 million or EUR 2.34 per diluted share compared to EUR 643.6 million or EUR 2.51 per diluted share a year ago. Net income was EUR 611.1 million compared to EUR 644.4 a year ago. Cash flow from operating activities was EUR 926.6 million compared to EUR 603.0 million a year ago. Capital expenditure was EUR 113.4 million compared to EUR 92.1 million a year ago. Net debt at the end of the period was EUR 766.7 million against EUR 829.1 million reported a year ago.

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.