Kone's 4Q in Line; Management Guidance Reflects Lower Confidence Going Into 2019 vs. 2018
Kone's four-quarter and full-year results were in line with our forecasts for revenue and EBIT. Revenue grew 6.5% in the quarter, roughly in line with the 6% growth for the first nine months. As expected, the fourth-quarter EBIT margin improved sequentially due to earlier price increases to cover raw material cost inflation. The fourth-quarter EBIT margin was flat year over year, while the full-year margin was down 140 basis points, with raw material prices accounting for about 100 basis points ...KONE is an elevator and escalator industry group based in Finland. Co. is engaged in the provision of products and services for the installation, modernization and maintenance of elevators, escalators and automatic building doors. Co. provides its products and services throughout the entire lifecycle of the equipment, beginning from the installation of new equipment to the maintenance and modernization during their lifecycle and the full replacement of the equipment. Co.'s customers are active in industry segments such as residential, office, retail, public transportation, hotel, hospital, and marine.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.