KNYJF News and Press, Kone OYJ From 10/30/22

KONE Oyj (KNYJF) Q3 2022 Earnings Conference Call October 27, 2022 8:45 AM ET Company Participants Natalia Valtasaari - Head, IR Henrik Ehrnrooth - President and CEO Ilkka Hara - CFO Conference Call Participants Klas Bergelind - Citigroup Andre Ku...

KONE Oyj press release ( OTCPK:KNYJF ): Q3 GAAP EPS of €0.46. Revenue of €3B (+14.9% Y/Y). Orders received declined by 2.5% to EUR 2,155.5 (7–9/2021: 2,211.1) million. At comparable exchange rates, orders declined by 10.0%. Operating inco...

Summary Otis stock has fallen by 20%+ in the past year after elevator companies have been hit by the slowdown in China and higher input costs. Otis has lower exposure to China than main rival Kone and is still expecting to grow its EPS by 4-7% this year despite FX headwinds. O...

Summary Kone shares fell below €40 on Friday to a new 5-year low, after losing another 13% since Q2 results on July 20. Adjusted EBIT fell 44% in Q2, largely due to COVID lockdowns in China; 2022 outlook was cut again and now shows an 11% EBIT decline. Q2 did show progr...

KONE Oyj (KNYJF) Q2 2022 Earnings Conference Call July 20, 2022 05:30 AM ET Company Participants Natalia Valtasaari - Head, IR Henrik Ehrnrooth - President and CEO Ilkka Hara - CFO Conference Call Participants Daniela Costa - Goldman Sachs Jeff Sp...

The following slide deck was published by KONE Oyj in conjunction with their 2022 Q2 earnings call. For further details see: KONE Oyj 2022 Q2 - Results - Earnings Call Presentation

KONE Oyj ( OTCPK:KNYJF ): 1H GAAP EPS of €0.51. Revenue of €4.99B (-2.7% Y/Y). For further details see: KONE Oyj GAAP EPS of €0.51, revenue of €4.99B

Kone set out its new strategy and expectations at its investor day last week, following disappointments in both its share price and P&L. The elevator industry is facing the end of China's construction boom and high inflation. 35% of Kone's sales were from China in 2021. Kone's...

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Otis is the world's leading elevator and escalator manufacturing, installation and service company. More than 50% of sales come from recurring sources. At $74, the shares are still quite expensive, but the valuation premium compared to its competitors is justified given the company's ...