Kone Exits 2017 With Better Growth, but 2018 Will Still See Margins Under Pressure
Kone exited 2017 with the final quarter posting the highest underlying revenue and order growth of the year, while EBIT performance was less uplifting. Pressure from increased raw material prices and a continuation of pricing pressure in China kept margins under pressure and EBIT declining year over year. The results were in line with our expectations. Management expects that margin pressure will likely ease up, but not until the end of 2018; given its visibility on the order book and pricing, w...
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