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Kone Oyj (KNEBV.HE)

KNEBV.HE on Helsinki Stock Exchange

43.80EUR
6:48am EST
Change (% chg)

€-0.36 (-0.82%)
Prev Close
€44.16
Open
€44.05
Day's High
€44.05
Day's Low
€43.60
Volume
196,566
Avg. Vol
609,609
52-wk High
€47.70
52-wk Low
€39.77

Latest Key Developments (Source: Significant Developments)

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

Kone updates 2017 outlook
Tuesday, 26 Sep 2017 02:35am EDT 

Sept 26 (Reuters) - Kone Oyj :Says updates its 2017 business outlook to take into account restructuring costs from the Accelerate program, current foreign exchange rates and the latest business performance forecast.Says assuming that translation exchange rates would remain at end of August level for remainder of year, it would have an around 30 million euros ($35.56 million) negative impact on 2017 EBIT compared to previous assumption.Says forecast for full-year business performance has improved slightly during Q3.Says continues to expect net sales to grow by 1-3 percent at comparable exchange rates as compared to 2016.Says adjusted EBIT is expected to be in range of 1,200-1,250 million euros, assuming that translation exchange rates would remain approximately at end of August level for remainder of year.  Full Article

Finland's Kone wins contract from German-built cruise ships
Friday, 25 Aug 2017 03:00am EDT 

Aug 25 (Reuters) - Kone Oyj :says has been awarded a contract by German MV WERFTEN to equip two of the shipyard group's newest cruise ship class vessels specifically designed for Asian cruise market.the contract also includes options for two similar vessels.says it will deliver 9 MonoSpace elevators, 33 MiniSpace elevators and 16 TravelMaster escalators, and other solutions.says has also been awarded a contract by MV WERFTEN to equip two mega yachts with an option for one additional ship.orders were booked in the second quarter of 2017.  Full Article

Kone wins order to supply elevators, escalators to OCT Tower in Shenzhen​
Monday, 17 Jul 2017 01:13am EDT 

July 17 (Reuters) - KONE OYJ :‍WON AN ORDER TO SUPPLY 31 KONE HIGH-RISE ELEVATORS TO OCT TOWER, A MIXED-USE DEVELOPMENT COMPRISING OFFICES AND A COMMERCIAL CENTER​.‍ORDER WAS BOOKED IN Q1 OF 2017​.  Full Article

Elevator maker Kone wins order in Australia
Thursday, 29 Jun 2017 02:19am EDT 

June 29(Reuters) - KONE OYJ ::Says has won an order to supply 10 elevators to the Greenland Centre Sydney development in Sydney, Australia.Says order was booked in the first quarter of 2017.  Full Article

Kone to supply elevators and escalators to Singapore
Tuesday, 6 Jun 2017 01:00am EDT 

June 6(Reuters) - KONE OYJ ::WON AN ORDER TO SUPPLY 69 ELEVATORS AND ESCALATORS TO FUNAN DIGITALIFE MALL, A DEVELOPMENT LOCATED IN SINGAPORE AND OWNED BY CAPITALAND MALL TRUST.THE ORDER WAS BOOKED IN Q1 2017.  Full Article

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

UPDATE 1-Finland's Kone plans to cut 1,000 jobs globally

HELSINKI, Sept 26 Finnish elevator maker Kone plans to cut around 1,000 jobs globally to boost profitability in the face of currency fluctuations and weaker demand from China, it said on Tuesday.