KNYJF News and Press, Kone OYJ From 05/19/23

2023-05-19 18:01:53 ET Summary Otis became a publicly traded company in 2020 after spinning off from United Technologies. Since becoming a separate entity, management has been focused on growth with great success. Shareholders are taking part in that growth via direct cash ret...

2023-04-05 06:41:46 ET Summary We downgrade our rating on KONE from Buy to Hold, following disappointment from 2022 results and the new 2023 outlook. Shares are at 31.9x 2022 EPS and have a 3.7% dividend yield after EPS fell by 24% in 2022 due to a decline in sales in China. E...

2023-03-07 18:59:15 ET Summary KONE's 4Q22 earnings report showed mixed results due to challenges in China, with weaker-than-anticipated orders and uncertainty surrounding China's performance remaining concerns. However, there was positive guidance for FY23 sales growth and profit...

Summary Reopening will be challenging in China; every company in our coverage has assumed that. Moreover, China has demographic threats that may change the economics of its maintenance business there over time due to labour inflation. KONE is very exposed to China both in terms of m...

Summary Otis's Adjusted EPS grew high-single-digits operationally in both Q4 and full-year 2022. Including Russia and FX, it still grew 7.5% in 2022. The key Maintenance business grew units by 4.1% and like-for-like pricing by 3% in 2022. Adjusted EBIT margin expanded 30 bps. Manage...

KONE Oyj (KNYJF) Q4 2022 Earnings Conference Call January 26, 2023 08:45 AM ET Company Participants Natalia Valtasaari - Head, IR Henrik Ehrnrooth - President and CEO Ilkka Hara - CFO Conference Call Participants Lars Brorson - Barclays Daniela Costa - ...

Summary Kone shares have rebounded 33% from October lows but are still 24% below their 52-week high. The Dividend Yield is 3.6%. Shares are at 24.9x 2021 EPS, but we expect EPS to decline by 22% in 2022 due to cost inflation and the construction slowdown in China. There are positive...

Summary Legendary investor Terry Smith sold his stake in KONE. In the first part of the article, we will try to understand Terry Smith's investing philosophy. In the second part of the article, we go over KONE and try to understand why Smith made his choice. Introduc...

Summary In this article, I'm going to take a deeper look at KONE, a Finnish company in elevators and adjacent segments. I've made money with the company historically. However, unfavorable margin trajectories and internal difficulties have kept me away with only a watchlist positio...

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...