Kone Oyj

KNEBV

FI0009013403

Heavy Electrical Equipment

Market Closed - Nasdaq Helsinki Other stock markets 11:29:44 2024-04-26 am EDT			5-day change	1st Jan Change
45.27 ^EUR	+2.86%		+5.52%	+0.24%

Apr. 24	KONE : Positive start to the year, with more transparency on the 2024 outlook
Apr. 24	Kone: 2024 forecasts refined, share price rises	CF

Elevator maker Kone sees flat or slightly higher sales in 2024

January 26, 2024 at 01:53 am EST

(Reuters) - Finnish elevator and escalator maker Kone missed annual sales expectations on Friday and said it expected 2024 sales to be stable or to grow slightly from last year's level at comparable exchange rates.

It reported 2023 sales of 10.95 billion euros ($11.86 billion), below analysts' estimate of 11.01 billion euros in a poll provided by the company.

($1 = 0.9233 euros)

(Reporting by Elviira Luoma in Gdansk; editing by Milla Nissi)

Latest news about Kone Oyj

KONE : Positive start to the year, with more transparency on the 2024 outlook	Apr. 24
Kone: 2024 forecasts refined, share price rises	Apr. 24	CF
Transcript : KONE Oyj, Q1 2024 Earnings Call, Apr 24, 2024	Apr. 24
Kone Reports Improved Q1 Net Income, Sales	Apr. 24	MT
Finnish lift maker Kone's Q1 profit grows more than expected	Apr. 24	RE
KONE Corporation Provides Earnings Guidance for the Year 2024	Apr. 24	CI
KONE Oyj Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 24	CI
Kone Wins Contract to Equip China Tower With Elevators	Apr. 09	MT
Kone wins order from Network Rail	Apr. 04	CF
Kone to Upgrade Escalators at British Commuter Rail Network	Apr. 04	MT
Lack of rain, heat could hinder Ivory Coast cocoa mid-crop, farmers say	Apr. 01	RE
Oddo BHF Upgrades Kone to Outperform from Neutral, Boosts PT	Mar. 28	MT
KONE : Oddo BHF raises its rating and target	Mar. 28	CF
Kone wins contract in Greater London	Mar. 26	CF
Kone Wins People Flow Technology Contract for UK Student Accommodation Complex	Mar. 26	MT
KONE : Updated estimates post a transfer of coverage; we move from Buy to Add	Mar. 25
Montage Gold Corp. Appointed Silvia Bottero As Executive VP of Exploration; Formerly Endeavour Mining	Mar. 18	MT
How companies are responding to attacks on ships in the Red Sea	Mar. 14	RE
Kone: honored for its green commitments	Mar. 13	CF
Montage Gold Raises C$35.2 Million in a Private Placement of Shares	Mar. 12	MT
Ex-Ivory Coast President Gbagbo agrees to contest 2025 election	Mar. 09	RE
KONE Corporation Announces Board Changes	Feb. 29	CI
Transcript : KONE Oyj - Shareholder/Analyst Call	Feb. 29
Montage Gold Corp. Upsized Non-Brokered Financing To $35 Million; Expanding Leadership Team	Feb. 23	MT
Ivory Coast seizes 100 tons of cocoa at the border with Guinea	Feb. 16	RE

Chart Kone Oyj

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Company Profile

Kone Oyj is one of the world's leading manufacturers of elevators, escalators and automatic doors. The group also offers equipment installation, updating, and maintenance services. Net sales break down by activity as follows: - sale of equipment (44.9%): automatic doors, elevators, escalators, moving walkways and access control; - installation, maintenance and repair services (37.7%); - modernization services (17.4%). At the end of 2023, the group had 10 production sites worldwide. Net sales are distributed geographically as follows: Europe/Middle East/Africa (41%), Asia/Pacific (36.4%) and Americas (22.6%).

Sector

Heavy Electrical Equipment

Calendar

2024-07-19 - Q2 2024 Earnings Release

Related indices

STOXX EUROPE 600 (EUR)

More about the company

Income Statement Evolution

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Analysis / Opinion

KONE : Positive start to the year, with more transparency on the 2024 outlook

April 24, 2024 at 10:50 am EDT

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Ratings for Kone Oyj

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

45.27 EUR

Average target price

48.09 EUR

Spread / Average Target

+6.22%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Elevator & Conveying Equipment

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ATLANTIS GLORY INC.	-99.92%	1.24B
HYUNDAI ELEVATOR CO., LTD	-9.58%	1.05B

Elevator & Conveying Equipment

Kone Oyj

Equities

KNEBV

FI0009013403

Heavy Electrical Equipment

Elevator maker Kone sees flat or slightly higher sales in 2024

EPS Revisions