KONE : China boosts Q1 figures but we remain cautious on the rest of 2019
>Q1 2019 in line with expectations, buoyed by sales growth - Yesterday, the group reported a quality Q1, thanks to significantly better-than-expected business growth, but the margin was disappointing. The key points of the publication are as follows:Orders up 8% at constant currency, vs +3.8% forecast by ODDO BHF and +3.4% by the consensus. This figure is all the more impressive as Otis recently reported Q1 results with a 1% contraction in the order intake ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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