KONE reiterates its outlook for 2007 and 2008 excluding the provision of EUR 142.0 million.
We estimate that market growth will not be as strong in all markets this year as in 2006. This will be the case especially in North America and Southern Europe. However, the market development in e.g. Asia-Pacific will continue to be strong.
KONE’s target for 2007 is to achieve an approximate 10 percent growth in net sales, calculated at comparable exchange rates, compared to 2006. The operating income (EBIT) target is to achieve growth of approximately 20 percent from the comparable 2006 figure of EUR 360 million excluding the EUR 142.0 million provision for the European Commission’s fine decision.
In 2008, KONE’s objective is to achieve an operating income (EBIT) margin of about 12 percent. |