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Kone Oyj (KNEBV.HE)

KNEBV.HE on Helsinki Stock Exchange

46.60EUR
11:59am EDT
Change (% chg)

€-0.12 (-0.26%)
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€46.72
Open
€46.60
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€47.28
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€46.51
Volume
498,468
Avg. Vol
683,486
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€49.13
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€39.15

Latest Key Developments (Source: Significant Developments)

Kone Wins Order For 107 Escalators And Elevators For Ningbo Metro Line 4 In China
Tuesday, 10 Jul 2018 02:30am EDT 

July 10 (Reuters) - Kone Oyj ::PRESS RELEASE KONE WINS ORDER FOR 107 ESCALATORS AND ELEVATORS FOR NINGBO METRO LINE 4 IN CHINA.KONE WINS ORDER FOR 107 ESCALATORS AND ELEVATORS FOR NINGBO METRO LINE 4 IN CHINA.BOOKED ORDER IN Q1 OF 2018..NINGBO METRO LINE 4 IS EXPECTED TO BE READY FOR TRIAL OPERATION AROUND DECEMBER 2020.  Full Article

Kone To Equip Stage One Of Melbourne Square Mixed-Use Development In Australia
Tuesday, 10 Jul 2018 02:00am EDT 

Kone Oyj ::KONE TO EQUIP STAGE ONE OF MELBOURNE SQUARE MIXED-USE DEVELOPMENT IN AUSTRALIA.TO PROVIDE ELEVATORS AND ESCALATORS TO MELBOURNE SQUARE STAGE ONE IN CENTRAL MELBOURNE.CONSTRUCTION OF MELBOURNE SQUARE STAGE ONE COMMENCES IN 2018..BOOKED ORDER IN Q1 OF 2018..  Full Article

Elevator Maker Kone Wins Order From Toronto Light Rail Expansion Project
Thursday, 15 Mar 2018 09:00am EDT 

March 15 (Reuters) - Kone Oyj ::SAYS HAS WON AN ORDER TO PROVIDE 51 KONE MONOSPACE® 700 ELEVATORS FOR THE EGLINTON CROSSTOWN LIGHT RAIL TRANSIT (LRT) PROJECT OWNED AND DESIGNED BY METROLINX AND OPERATED BY THE TORONTO TRANSIT COMMISSION IN CANADA.SAYS CONSTRUCTION OF THE NEW STATIONS IS EXPECTED TO BEGIN IN JUNE 2018, STATIONS EXPECTED TO OPEN IN 2022.SAYS ORDER WAS BOOKED IN THE THIRD QUARTER OF 2017.  Full Article

Kone Wins Further Orders For Zhengzhou Metro Line In China
Friday, 9 Mar 2018 01:05am EST 

March 9 (Reuters) - KONE OYJ ::PRESS RELEASE KONE WINS FURTHER ORDERS FOR ZHENGZHOU METRO LINE IN CHINA.‍ORDER WAS BOOKED IN Q4 OF 2017.​.  Full Article

Kone To Equip Xi'an International Medical Building In China
Friday, 9 Mar 2018 01:00am EST 

March 9 (Reuters) - KONE OYJ ::KONE TO EQUIP XI'AN INTERNATIONAL MEDICAL BUILDING IN CHINA.‍ORDER WAS BOOKED IN Q4 OF 2017.​.  Full Article

Elevator Maker Kone Says Q4 Sales Higher Than Expected, Sees Profit Pressures In 2018
Friday, 12 Jan 2018 02:00am EST 

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 05:18am EST 

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 07:00am EST 

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 02:00am EST 

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 01:00am EDT 

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

Deals of the day-Mergers and acquisitions

July 19 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: