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Heavy Electrical Equipment

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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.

Enx Group provides updates on dates for restructuring

Tuesday, 29 Aug 2017 04:56am EDT

Aug 29 (Reuters) - Enx group ltd ::‍CONDITIONS PRECEDENT TO RESTRUCTURE HAVE NOT YET BEEN FULFILLED DUE TO DELAYS IN OBTAINING REGULATORY RULING, FINALISING SOME ARRANGEMENTS​.‍AS A CONSEQUENCE, SALIENT DATES FOR UNBUNDLING WILL NEED TO BE REVISED​.‍UNBUNDLING IN EXPECTED TO PROCEED AS ANTICIPATED​.

Savaria Corp agrees to acquire the assets of Visilift, LLC

Thursday, 24 Aug 2017 04:56pm EDT

Aug 24 (Reuters) - Savaria Corp :Deal for ‍US$5.0 million​.Savaria Corp - expects acquired business to generate US$3.0 million in sales in 2018 and US$10 million in sales in 2019​.Savaria - entered into agreement with Visilift, LLC as per which co, through a wholly-owned subsidiary, will acquire all of assets of Visilift​.Savaria Corp - Visilift will have option to earn an additional payment of US$3.0 million upon achieving certain performance metrics over a 3-year period.

Lanzhou Greatwall Electrical to dissolve unit

Thursday, 24 Aug 2017 04:42am EDT

Aug 24(Reuters) - Lanzhou Greatwall Electrical Co Ltd <600192.SS>:Says it plans to dissolve a underwater products high technology unit .

IFE Elevators sees FY 2017 H1 net profit down 20.1 pct to 30.9 pct

Monday, 17 Jul 2017 01:23am EDT

July 14 (Reuters) - IFE Elevators Co Ltd <002774.SZ>:* Sees net profit for FY 2017 H1 to decrease by 20.1 percent to 30.9 percent, or to be 32 million yuan to 37 million yuan .* Says the net profit of FY 2016 H1 was 46.3 million yuan.* Says that decreased business income as main reason for the forecast.

Suzhou Industrial Park Heshun Electric issues H1 2017 net profit outlook

Friday, 14 Jul 2017 04:33am EDT

July 14(Reuters) - Suzhou Industrial Park Heshun Electric Co Ltd <300141.SZ>:Sees net profit for H1 2017 will increase by 10 percent to 30 percent, or will be 2.4 million yuan to 2.9 million yuan, compared to net profit of H1 2016 (2.2 million yuan).Says improvement of business as the main reason for the forecast.

Baoding Tianwei Baobian Electric to write off Russia-based subsidiary

Wednesday, 12 Jul 2017 01:57am EDT

July 12 (Reuters) - Baoding Tianwei Baobian Electric Co Ltd <600550.SS> ::* Says it plans to write off its 90 percent owned Russia-based electrical equipment subsidiary .

Shandong Luyitong Intelligent Electric sees H1 FY 2017 net profit up 10 pct to 20 pct

Tuesday, 11 Jul 2017 11:30pm EDT

July 12(Reuters) - Shandong Luyitong Intelligent Electric Plc <300423.SZ> ::* Sees H1 FY 2017 net profit to increase by 10 percent to 20 percent, or to be 9.9 million yuan to 10.8 million yuan.* Says H1 FY 2016 net profit was 9.0 million yuan.* The reason for the forecast is steady improvement of business .

Henan Senyuan Electric scraps asset acquisition, share trade to resume

Tuesday, 11 Jul 2017 05:57am EDT

July 11 (Reuters) - Henan Senyuan Electric Co Ltd <002358.SZ>:Says it scraps asset acquisition as concerning parties failed to reach agreement.Says share trade to resume on July 12.

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