Kone: lift goes up even more than Q3 profits
(CercleFinance.com) - Kone announces that total sales reached E2.
75bn in Q3, down 8.3% y-o-y. NB: CP: +5% almost.
Meanwhile, adjusted EBIT rose by 3.3% to E316m, and net income increased 4.1% to E247.8m.
Quarterly EPS also rose along similar lines (+3.7%) to E0.47.
Kone announces that it booked E1.99bn in new orders in Q3 (down 7.7% y-o-y).
The lift maker anticipates FY 2023 sales growth at comparable exchange rates of 3% to 6%.
Kone cites a positive outlook for service and modernisation, a solid order book and improved margins on orders received, while lower raw material costs should also support earnings.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
75bn in Q3, down 8.3% y-o-y. NB: CP: +5% almost.
Meanwhile, adjusted EBIT rose by 3.3% to E316m, and net income increased 4.1% to E247.8m.
Quarterly EPS also rose along similar lines (+3.7%) to E0.47.
Kone announces that it booked E1.99bn in new orders in Q3 (down 7.7% y-o-y).
The lift maker anticipates FY 2023 sales growth at comparable exchange rates of 3% to 6%.
Kone cites a positive outlook for service and modernisation, a solid order book and improved margins on orders received, while lower raw material costs should also support earnings.
Copyright (c) 2023 CercleFinance.com. All rights reserved.