|Bid||50.16 x 0|
|Ask||50.16 x 0|
|Day's Range||49.89 - 50.50|
|52 Week Range||36.72 - 53.34|
|Beta (5Y Monthly)||0.62|
|PE Ratio (TTM)||31.80|
|Earnings Date||Jul 20, 2023|
|Forward Dividend & Yield||1.75 (3.44%)|
|Ex-Dividend Date||Mar 01, 2023|
|1y Target Est||52.90|
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Finnish elevator-maker Kone said on Thursday it would slash up to 1,000 jobs globally to cut costs and it expects demand to pick up in its main market China and elsewhere in Asia this year. Chief Executive Henrik Ehrnroot said the rest of the job cuts would take place around the world without providing details. The cuts represent around 1.6% of Kone's workforce of 63,277 at the end of 2022.
In this piece, we will take a look at the 25 biggest Nordic companies. For more companies, head on over to 5 Biggest Nordic Companies. The Nordic countries refer to the nation states of Norway, Sweden, Finland, Denmark, and Iceland which are located in Northern Europe. They are among some of the most prosperous nations […]
HELSINKI (Reuters) -Elevator maker Kone on Thursday lowered its sales and profit outlook for this year due to lower-than-expected second quarter sales and weakened new equipment market outlook in China. Lockdowns to curb the spread of coronavirus in China, which accounts for 35% of Kone's sales, had resulted in net sales declining by close to 40% in comparable currencies in the country, the company said in a statement. Kone now expects its 2022 adjusted operating profit to be between 1.13 billion and 1.21 billion euros ($1.12-$1.21 billion) down from a previous forecast of between 1.18 and 1.28 billion euros.
KONE, a global leader in the elevator and escalator industry, is proud to announce a collaboration with the National Association of Women in Construction (NAWIC). This top-tiered collaboration and sponsorship underpins KONE's bold commitment and strategy to become a more diverse and inclusive company.