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Kone Oyj (KNEBV.HE)

KNEBV.HE on Helsinki Stock Exchange

70.28EUR
27 Oct 2020
Change (% chg)

€-0.10 (-0.14%)
Prev Close
€70.38
Open
€70.46
Day's High
€70.58
Day's Low
€69.62
Volume
881,767
Avg. Vol
828,630
52-wk High
€76.20
52-wk Low
€42.39

Latest Key Developments (Source: Significant Developments)

Kone Q3 Operating Income Rises To EUR 333.1 Mln
Thursday, 22 Oct 2020 

Oct 22 (Reuters) - Kone Oyj ::INTERIM REPORT OF KONE CORPORATION FOR JANUARY-SEPTEMBER 2020.IN 2020, KONE'S SALES GROWTH IS ESTIMATED TO BE IN RANGE OF -1% TO 2% AT COMPARABLE EXCHANGE RATES AS COMPARED TO 2019.Q3 ORDERS RECEIVED DECLINED BY 3.8% TO EUR 1,931.7 (7-9/2019: 2,007.3) MILLION.Q3 SALES GREW BY 1.1% TO EUR 2,587.0 (2,557.6) MILLION.OUTLOOK 2020: ADJUSTED EBIT MARGIN IS EXPECTED TO BE IN RANGE OF 12.1% TO 12.7%.Q3 OPERATING INCOME (EBIT) WAS EUR 333.1 (314.2) MILLION OR 12.9% (12.3%) OF SALES.Q3 ADJUSTED EBIT WAS EUR 339.8 (321.9) MILLION OR 13.1% (12.6%) OF SALES..REFINITIV POLL: KONE Q3 REVENUE SEEN AT EUR 2.57 BILLION, Q3 EBIT SEEN AT EUR 329.3 MILLION.ASSUMING THAT FOREIGN EXCHANGE RATES WOULD REMAIN AT OCTOBER 2020 LEVEL, FOREIGN EXCHANGE RATES ARE ESTIMATED TO IMPACT ADJUSTED EBIT NEGATIVELY BY AROUND EUR 40 MILLION.EXPECT SOLID RESULTS IN 2020 DESPITE HIGH LEVEL OF UNCERTAINTY.YEAR HAS POSED PLENTY OF CHALLENGES, BUT BUSINESS OUTLOOK FOR 2020 IS CURRENTLY BETTER THAN WHAT WE EXPECTED A QUARTER AGO.MARKET OUTLOOK 2020 UNCHANGED.BUSINESS OUTLOOK 2020 UNCHANGED.OUR Q3 RESULTS WERE OVERALL STRONG ALTHOUGH MIXED ACROSS DIFFERENT REGIONS AND BUSINESSES.CHINA DEVELOPED EXTREMELY WELL BOTH IN TERMS OF SALES AND ORDERS..HAS A SOLID ORDER BOOK AND MAINTENANCE BASE FOR 2020.OTHER PARTS OF WORLD SAW IMPROVED MOMENTUM, BUT CONTINUED TO BE IMPACTED BY COVID-19 PANDEMIC WITH INCREASING UNCERTAINTY AGAIN TOWARDS END OF QUARTER..  Full Article

Kone To Deliver Elevators To Dubai
Thursday, 24 Sep 2020 

Sept 24 (Reuters) - Kone Oyj ::TO DELIVER ELEVATORS TO DUBAI.ORDER BOOKED IN Q1 2020.  Full Article

Kone Gets Order From Logan International Airport In Boston
Thursday, 17 Sep 2020 

Sept 17 (Reuters) - Kone Oyj ::GETS ORDER FROM LOGAN INTERNATIONAL AIRPORT IN BOSTON.TO DELIVER 17 ELEVATORS AND 12 ESCALATORS TO THE AIRPORT.ORDER BOOKED IN Q1 2020.  Full Article

Kone Receives Order In Singapore
Tuesday, 1 Sep 2020 

Sept 1 (Reuters) - Kone Oyj ::RECEIVES ORDER IN SINGAPORE.ORDER BOOKED IN Q1.TO DELIVER 62 ELEVATORS AND 28 ESCALATORS TO THE INTEGRATED BUSINESS PARK DEVELOPMENT IN SINGAPORE'S PUNGGOL DIGITAL DISTRICT.  Full Article

Kone Gets Order From China To Chongqingin Metro Line
Tuesday, 18 Aug 2020 

Aug 18 (Reuters) - Kone Oyj ::RECEIVES ORDER FROM CHINA TO CHONGQINGIN METRO LINE.ORDER BOOKED IN Q1 2020.  Full Article

Kone Wins Order In France
Tuesday, 11 Aug 2020 

Aug 11 (Reuters) - Kone Oyj ::ORDER FOR GRAND PARIS EXPRESS IN FRANCE.TO DELIVER MORE THAN 70 ELEVATORS TO GRAND PARIS EXPRESS METRO IN PARIS.ORDER BOOKED IN Q2 2020.  Full Article

Kone To Deliver 107 Escalators To Jinan, East China
Tuesday, 28 Jul 2020 

July 28 (Reuters) - Kone Oyj ::KONE TO DELIVER 107 ESCALATORS TO JINAN, EAST CHINA.ORDER CONTAINES ALSO TWO-YEAR MAINTENANCE AGREEMENT.ORDER BOOKED IN Q1 2020.  Full Article

Kone Wins Order For New Metro Extension In Stockholm
Thursday, 4 Jun 2020 

June 4 (Reuters) - Kone Oyj ::WON AN ORDER TO DELIVER 20 ESCALATORS TO A NEW METRO EXTENSION IN STOCKHOLM, SWEDEN.  Full Article

Kone To Equip Beijing's Metro Line 17 In China
Thursday, 28 May 2020 

May 28 (Reuters) - Kone Oyj ::KONE TO EQUIP BEIJING'S METRO LINE 17 IN CHINA.WILL DELIVER 143 ESCALATORS AND 61 ELEVATORS TO BEIJING'S NEW METRO LINE 17 IN CHINA.KONE BOOKED ORDER IN Q4 OF 2019.PROJECT IS ESTIMATED TO BE COMPLETED AT END OF 2022, AND MAIN ARCHITECT IS CHINA RAILWAY ELECTRIFICATION SURVEY DESIGN & RESEARCH INSTITUTE.  Full Article

Kone Wins Order To Equip Nanchang Metro Line 3 In China
Thursday, 30 Apr 2020 

April 30 (Reuters) - Kone Oyj ::KONE WINS ORDER TO EQUIP NANCHANG METRO LINE 3 IN CHINA.PROJECT IS ESTIMATED TO BE COMPLETED IN END OF 2020,.PROJECT IS DEVELOPED BY CHINA RAILWAY ELECTRIFICATION ENGINEERING GROUP CO., LTD., SHANGHAI BRANCH..  Full Article

BRIEF-Kone CEO Says Non-Residential Construction Has Been Hardest Hit Everywhere

* KONE CEO SAYS COMPETITION HAS HEATED UP AND SEES THAT HAVING AN IMPACT ON PRICING GOING FORWARD