KONE : Feedback from the sell-side meeting
>No change of tone vs Q4 - Demand in China is not expected to pick up and management anticipates a market that is stable, at best (or in slight decline). With regards to prices, KONE’s capacity for a fresh hike in China this year will depend upon the competition (notably Japanese). Raw materials (estimated at -€ 50m) could be offset, either fully or partly, by price increases, although it is too early to be sure. The range of new services developed by the gr...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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