ebit guidance upgrade

Starting to see the strength of Keycorp, very underestimated:



KEYCORP announces upgrade in FY10 EBIT guidance
The Board of Directors of Keycorp Limited (ASX:KYC) are pleased to announce an
upgrade to the FY10 EBIT guidance from $5 million issued on 31 August 2009 to
$6.5 million.

This stronger result is due to a number of factors:

• There was strong trading in the first quarter attributable to continued upgrade
activity driven by the new EMV security standard;
• Further new business wins were achieved off the back of software and
alternative product technologies;
• There was continued improvement of operational efficiencies; and
• The restructuring completed in FY09 achieved greater savings than previously
forecast.