Previous Close | 42.31 |
Open | 42.34 |
Bid | 41.47 x 0 |
Ask | 41.48 x 0 |
Day's Range | 41.34 - 42.41 |
52 Week Range | 41.33 - 72.18 |
Volume | |
Avg. Volume | 817,975 |
Market Cap | 21.438B |
Beta (5Y Monthly) | 0.59 |
PE Ratio (TTM) | 21.13 |
EPS (TTM) | 1.96 |
Earnings Date | Apr 26, 2022 - May 02, 2022 |
Forward Dividend & Yield | 1.75 (3.93%) |
Ex-Dividend Date | Mar 02, 2022 |
1y Target Est | 53.16 |
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.
HELSINKI (Reuters) -Elevator-maker Kone said its overall order intake was up after it posted weaker-than-expected first-quarter core earnings on Wednesday and trimmed its full-year outlook on the back of supply chain constraints and a decline in its China business. The ongoing COVID-19 lockdowns in Shanghai and elsewhere in China have, however, added to problems of an ongoing liquidity squeeze among local property developers, CEO Henrik Ehrnrooth told reporters. Kone's January-March operating profit fell to 171.1 million euros ($181.6 million) from 249.8 million euros a year earlier, missing the 225.8 million euro average estimate of ten analysts polled by Refinitiv.