KONE : Feedback from road show: EBIT margin a key focus for 2019
>Target: grow the EBIT margin in 2019 - We have organised a road show with the CFO of KONE, Ilkka Hara, yesterday. Apart from the market prospects and the capital allocation, the group’s capacity to grow its EBIT margin were the primary focus of investor attention. The margin contracted from 14.7% in 2016 to 11.5% in 2018, shedding over 300bp. Pressure on prices in China and the concomitance of the rise in raw material prices (mainly steel) are the two groups responsi...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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