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Kone Oyj (KNEBV.HE)

KNEBV.HE on Helsinki Stock Exchange

44.15EUR
11:29am EDT
Change (% chg)

€0.78 (+1.80%)
Prev Close
€43.37
Open
€43.50
Day's High
€44.34
Day's Low
€43.46
Volume
981,514
Avg. Vol
825,738
52-wk High
€47.89
52-wk Low
€38.52

Latest Key Developments (Source: Significant Developments)

Finland's Kone posts Q1 profit, orders slightly below market expectations
Thursday, 27 Apr 2017 05:30am EDT 

April 27 (Reuters) - Kone Oyj :Q1 EBIT 217.7 million euros ($237 million) versus a market forecast of 219 million euros in a Reuters poll nL8N1HU0B1.Q1 order intake 1.91 million euros versus 1.95 billion in poll.Kone updated its full-year guidance, saying 2017 operating income is now expected to be in the range of 1,200-1,290 million euros.2017 net sales is now estimated to grow by 0-3 percent at comparable exchange rates.Says in China, Q1 order volumes were stable year-on-year and prices started to stabilize.Sees Chinese new equipment market in 2017 falling by 0-5 percent in units.Says in 2017, rest of Asia-Pacific market is expected to grow; North America, Europe, Middle East and Africa region expected to grow slightly.  Full Article

Kone wins order for twin tower complex in Jakarta, Indonesia
Tuesday, 21 Mar 2017 02:01am EDT 

Kone Oyj : Wins order for twin tower complex, Indonesia1 in Jakarta, . Will supply 76 elevators and escalators .Order was booked in last quarter of 2016..  Full Article

Finland's Kone says wins elevator order from Dallas
Tuesday, 7 Feb 2017 08:30am EST 

Kone Oyj : says wins order for largest high-rise development in Dallas . says won an order to provide 18 elevators to Park District, a 916,000-square foot mixed-use project . says the project is developed by Trammell Crow Company (TTC) and joint venture partner Metlife, Inc., and is designed by Dallas-based HKS Architects Further company coverage: [KNEBV.HE] (Helsinki Newsroom) ((news@reuters.fi; +358 9 6805 0244)).  Full Article

Finland's Kone: Toshiba Elevators has interesting operations
Thursday, 26 Jan 2017 08:00am EST 

Kone : Kone CEO Henrik Ehnrooth, asked if the company was interested in increasing its stake in Toshiba's elevator business, tells a news conference "they have some very interesting operations, but no further comments" . says company's market share in China remained largely flat at around 19 percent in 2016 . says sees price competition in China easing somewhat during 2017 amid rising raw material costs Further company coverage: [KNEBV.HE] (Reporting by Jussi Rosendahl) ((jussi.rosendahl@thomsonreuters.com; +358 9 6805 0248; Reuters Messaging: jussi.rosendahl.thomsonreuters.com@reuters.net)).  Full Article

Finland's Kone: Skippari, Delval replace Tuomas, Kemppainen in executive board
Thursday, 26 Jan 2017 05:40am EST 

Kone Oyj : says Susanne Skippari (42), has been appointed Executive Vice President, Human Resources and a member of the Executive Board as of February 1, 2017. . says Skippari succeeds Kerttu Tuomas, who has decided to leave her position to focus on non-executive duties . says Hugues Delval (45) has been appointed Executive Vice President, Service Business and a member of the Executive Board as of February 1 .Delval succeeds Pekka Kemppainen, who will retire in April.  Full Article

Kone wins order for Bahrain International Airport expansion
Wednesday, 11 Jan 2017 01:00am EST 

Kone Oyj : Kone wins order for Bahrain International Airport expansion . Kone will supply 85 elevators, 40 escalators, and 20 autowalks equipped with Kone e-link monitoring. .Order was booked in Q3 of 2016..  Full Article

KONE equips Sydney's high-energy-efficiency commercial tower in Australia
Friday, 7 Oct 2016 01:00am EDT 

Kone Oyj : Equips Sydney's high-energy-efficiency commercial tower in Australia . Won an order to supply 17 elevators to 100 Mount Street, North Sydney . Project is a 5 Star, Green Star Design and a 5 Star NABERS (National Australian Built Environment Rating System) rated commercial building .Order was booked in Q2 of 2016.  Full Article

Finland's Kone buys majority stake in Spain's Citylift
Thursday, 29 Sep 2016 05:00am EDT 

Kone Oyj : Says acquires a majority stake in spanish elevator company Citylift, S.A., providing installation, maintenance and modernization services .Says acquisition will strengthen Kone's position in the Spanish elevator market.  Full Article

Kone: Financial targets, 2016 business outlook unchanged
Wednesday, 28 Sep 2016 01:00am EDT 

Kone Oyj : Keeps strategic and financial targets as well as business outlook for 2016 unchanged . Expects growth to stem more from services . In new equipment, markets continue to grow except for sizeable Chinese market . Expects decline in Chinese market measured in units to moderate; competition will remain intense . Says will be investing more than ever in technology .Will connect over 1 million additional elevators and escalators to cloud during next four years.  Full Article

Kone wins order in Sweden
Friday, 2 Sep 2016 01:00am EDT 

Kone Oyj : Says has won order from Stockholm county council to modernize and maintain 13 escalators at six metro stations in Sweden's capital . Installation work is expected to begin in April 2017 with completion scheduled for mid-2018 .Says order was booked in the third quarter of 2016..  Full Article

More From Around the Web

Elevator maker Kone reports first profit drop in 12 years

HELSINKI Finland's Kone Oyj, the world's second-biggest elevator maker, on Thursday reported its first year-on-year decline in core operating profit in 48 quarters, knocking its shares.