KONE : Q3 orders augur well for a better 2019; this is already priced in
>EBIT margin headwinds persisted in Q3 - Yesterday KONE reported a mixed bag of Q3 figures, including:Organic growth of 7.3% in orders, vs 4.6% expected by the consensus. All regions posted growth, with strong growth in China in new equipment, in both volume and value. Sales up 5.6% (consensus: 3.9%), fuelled by new equipment (+5.4%) and services (+5.9%).The adjusted EBITA margin disappointed at 12% vs 14.5% in Q3 2017, hurt by pressure on prices and i...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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