KONE : Q4: growth is there but not reflected in the EBIT margin
>Q4 fell short of expectations but was in line with guidance - The group published a mixed set of Q4 results yesterday, including:A 5.9% organic increase in order intake vs the consensus forecast of 4.5%. All regions reported growth, notably with a solid increase in China in new equipment, in both volume and value terms. Sales were up 6.5% (consensus at 4.8%), driven by both the new equipment (7.3%) and services activities. The disappointment actually s...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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