Kone Oyj (KNEBV.HE)
17 Aug 2018
Thu, Jul 19 2018
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.
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.
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.
HELSINKI Elevator maker Kone reported on Wednesday falling quarterly profits, citing price pressure in China, higher raw material prices and unfavorable foreign exchange rates.