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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.
Source: Konecranes

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