Konecranes raises full-year profit margin guidance (updated)

Konecranes Oyj

12/06/2024 14:13

(Adds detail in paragraph 2, share reaction in paragraph 3)
       STOCKHOLM, June 12 (Reuters) - Finland's Konecranes
 KCRA.HE  said on Wednesday it had raised its profitability
outlook for the full year.  
    Konecranes said in a statement it now sees a higher
comparable operating margin before amortisation than in 2023.
Its previous guidance was for a roughly unchanged or wider
margin.
        Shares in the company were up 4% shortly after the
announcement. 
  
        
  

 (Reporting by Anna Ringstrom, editing by Stine Jacobsen)
 ((anna.ringstrom@thomsonreuters.com;))