KONE : China drives performance in Q3 and this is set to last
>Results broadly in line after the upward revision to the consensus one month ago - KONE published yesterday stable Q3 orders at constant forex and sales up by 4.9%, vs the consensus estimates of -0.8% and 0.9% respectively.The group highlighted that, excluding the mix effect (which proved favourable due to the increasing weight of China on orders), the gross margin remained stable on a sequential basis for orders, which marked a halt vs the previous quarters and...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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