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Kone Oyj (KNEBV.HE)

KNEBV.HE on Helsinki Stock Exchange

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Tue, Sep 25 2018

Elevator maker Kone sees labour shortage, raw materials burdening 2019 profit

HELSINKI, Sept 25 Labour shortages in Europe and North America will be among the factors burdening Kone's earnings next year, the Finnish elevator maker said at its capital markets day on Tuesday.

UPDATE 1-Elevator maker Kone hit by China price pressure, raw materials

HELSINKI, July 19 Elevator maker Kone reported on Thursday that its quarterly profits fell more than expected, but added that pressure on its margins would start to ease towards the end of the year, thanks to price increases in China.

Elevator maker Kone interested in industry consolidation -CEO

HELSINKI, July 19 Finnish elevator-maker Kone is interested in industry consolidation, its chief executive said on Thursday when asked about a report on M&A talks between Kone and Germanyæs Thyssenkrupp.

Thyssen and Kone owners held merger talks on elevator ops: paper

FRANKFURT Large shareholders of Thyssenkrupp and Kone have held talks on a potential merger of the elevator businesses of the two companies, according to a German daily.

Elevator maker Kone posts first quarter profit down 11 percent year-on-year

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

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