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Kone Oyj (KNEBV.HE)

KNEBV.HE on Helsinki Stock Exchange

41.90EUR
18 May 2018
Change (% chg)

€0.09 (+0.22%)
Prev Close
€41.81
Open
€41.86
Day's High
€41.96
Day's Low
€41.58
Volume
539,163
Avg. Vol
730,604
52-wk High
€47.70
52-wk Low
€39.15

Latest Key Developments (Source: Significant Developments)

Kone To Equip Premium Residential Development In India
Tuesday, 8 May 2018 

May 8 (Reuters) - KONE OYJ ::KONE TO EQUIP LODHA THE PARK PREMIUM RESIDENTIAL DEVELOPMENT IN MUMBAI, INDIA.  Full Article

Elevator Maker Kone Wins Order From Dubai
Monday, 7 May 2018 

May 7 (Reuters) - Kone Oyj ::KONE TO EQUIP DUBAI HILLS MALL IN THE UNITED ARAB EMIRATES.SAYS HAS WON AN ORDER FOR 156 ELEVATORS, ESCALATORS AND TRAVELATORS FOR DUBAI HILLS MALL .SAYS BOOKED ORDER IN Q4 OF 2017.  Full Article

Elevator Maker Kone Proposes Higher Dividend, Sees Market Growth Outside China
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - Kone Oyj ::2017 DIVIDEND ‍1.65​ EUR PER SHARE (1.55 EUR FROM 2016).SAYS ‍EXPECTS NEW EQUIPMENT MARKET IN CHINA TO DECLINE SLIGHTLY OR TO BE STABLE IN TERMS OF UNITS ORDERED​.SAYS ‍NEW EQUIPMENT MARKETS OUTSIDE CHINA AND SERVICE MARKETS ARE EXPECTED TO CONTINUE TO GROW​.KONE SAYS 2018 ‍MARKETS IN BOTH NORTH AMERICA AS WELL AS IN EUROPE, MIDDLE EAST AND AFRICA REGION ARE EXPECTED TO GROW SLIGHTLY​.  Full Article

Kone To Deliver Elevators To Nanjing, China
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Kone Oyj ::KONE WINS ORDER FOR A MIXED-USE HIGH-RISE TOWER DEVELOPMENT IN NANJING, CHINA.  Full Article

Kone Wins Elevator Order in Britain
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Kone Oyj ::FIRST KONE ULTRAROPE IN THE UK TO BE INSTALLED IN SOUTH QUAY PLAZA, A RESIDENTIAL TOWER IN LONDON.  Full Article

Elevator Maker Kone Says Q4 Sales Higher Than Expected, Sees Profit Pressures In 2018
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Kone Oyj ::PRELIMINARY INFORMATION ON KONE'S 2017 FINANCIALS AND OUTLOOK FOR 2018: Q4 2017 SALES WAS HIGHER THAN EXPECTED, THE PRESSURE ON ADJUSTED EBIT MARGIN IS EXPECTED TO CONTINUE IN 2018.SAYS ‍2017 FULL YEAR SALES WAS HIGHER THAN EXPECTED DUE TO STRONG NEW EQUIPMENT DELIVERIES IN Q4​.SAYS ‍2017 SALES GREW BY 4.2% AT COMPARABLE EXCHANGE RATES IN 2017 AGAINST EARLIER ESTIMATED 1-3%​.SAYS ‍PRELIMINARY ADJUSTED EBIT FOR FULL YEAR 2017 WAS EUR 1,230 MILLION WHICH IS WITHIN EARLIER GIVEN OUTLOOK RANGE OF EUR 1,200-1,250 MILLION​.SAYS ‍MARGIN OF ORDERS RECEIVED STABILIZED IN Q4 2017​.SAYS ‍ADJUSTED EBIT MARGIN IS EXPECTED TO CONTINUE TO DECLINE IN 2018 AS WITNESSED IN 2017​.SAYS ‍MARGIN PRESSURE IS EXPECTED TO START TO EASE TOWARDS END OF 2018 AS A RESULT OF PRICING AND PRODUCTIVITY ACTIONS THAT HAVE BEEN TAKEN​.SAYS ‍IN 2018, KONE'S SALES IS ESTIMATED TO GROW AT AROUND A SIMILAR RATE AS IN 2017 AT COMPARABLE EXCHANGE RATES​.SAYS ‍MAIN FACTORS CONTINUING TO PRESSURE ADJUSTED EBIT MARGIN IN 2018 ARE DECREASE IN MARGIN OF ORDERS RECEIVED WITNESSED IN 2017, IN CHINA IN PARTICULAR, AND INCREASED RAW MATERIAL PRICES​.SAYS ‍FOREIGN EXCHANGE RATES ARE ESTIMATED TO HAVE AN APPROXIMATELY EUR 40 MILLION NEGATIVE IMPACT ON KONE'S EBIT IN 2018​.SAYS ‍WILL PROVIDE A MORE PRECISE BUSINESS OUTLOOK FOR 2018 IN CONNECTION TO Q1 2018 REPORT​.  Full Article

Kone wins elevator order in Dubai
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Kone Oyj ::SAYS WINS ORDER FOR WOW HOTEL APARTMENTS TOWER IN DUBAI.SAYS ‍WILL BE EQUIPPING DEVELOPMENT WITH 16 KONE MINISPACE ELEVATORS AND 7 MONOSPACE ELEVATORS​.  Full Article

Elevator Maker Kone Acquires Service Firm In Madrid
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Kone Oyj ::KONE STRENGTHENS ITS POSITION IN MADRID, SPAIN BY ACQUIRING ASCENSORES R CASADO, S.A., AN ELEVATOR INSTALLATION, MAINTENANCE AND MODERNIZATION SERVICES COMPANY.SAYS ASCENSORES CURRENTLY HAS OVER 1,300 ELEVATORS IN SERVICE.  Full Article

Elevator maker Kone buys Hong Kong maintenance firm
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Kone Oyj ::KONE ACQUIRES HONG KONG BASED SHAN ON ENGINEERING COMPANY LIMITED.SAYS ‍PREVIOUSLY, KONE OWNED 35.3 PCT OF COMPANY AND HAS NOW BOUGHT REMAINING 64.7 PCT SHAREHOLDING.SHAN ON HAS ABOUT 1,000 ELEVATORS IN ITS MAINTENANCE BASE.  Full Article

Kone to supply elevators and escalators to Melbourne, Australia
Monday, 23 Oct 2017 

Oct 23 (Reuters) - KONE OYJ :KONE TO EQUIP MELBOURNE'S PREMIUM GRADE OFFICE BUILDING IN AUSTRALIA WITH ULTRAROPE.‍CONTRACT WAS AWARDED IN Q3 OF 2017.​.  Full Article

Elevator maker Kone posts first-quarter profit down 11 percent

HELSINKI Elevator maker Kone reported on Wednesday falling quarterly profits, citing price pressure in China, higher raw material prices and unfavourable foreign exchange rates.