Kone Oyj reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, sales was EUR 1,398.7 million against EUR 1,241.3 million a year ago. Operating income was EUR 160.4 million against EUR 134.6 million a year ago. Income before taxes was EUR 164.4 million against EUR 141.1 million a year ago. Net income attributable to shareholders of the parent company was EUR 124.4 million or EUR 0.48 per diluted share against EUR 108.6 million or EUR 0.42 per diluted share a year ago. Cash flow from operating activities was EUR 265.1 million against EUR 230.5 million a year ago. EBITA was EUR 165.2 million against EUR 143.1 million a year ago. Interest-bearing net debt was EUR 406.5 million against EUR 489.8 million a year ago. For 2013 revised its earnings guidance. The company's net sales is estimated to grow by 7-10% at comparable exchange rates as compared to previous announced guidance of 5-9%. The operating income (EBIT) is expected to be in the range of EUR 870-920 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of 2013, as compared to previous announced guidance of EUR 840-920 million.

Kone Oyj (HLSE:KNEBV) is looking forward to expand its maintenance business through acquisitions, Matti Alahuhta, Chief Executive Officer of Kone said on a conference call. "We are also looking more and more actively," Matti Alahuhta said.

Kone Oyj, Q1 2013 Earnings Call, Apr 23, 2013