KONE : Q4 set to be good quality. M&A remains a focus of attention
>We do not anticipate any disappointments in Q4 - We forecast organic sales growth of 6.6% for Q4, i.e. an increase of 7.7% for FY 2019, which is at the top of the group’s 5-8% guidance range. This points to Q4 2019 sales of € 2.633bn. In terms of the adjusted EBIT margin, we see an improvement of 80bp to 13.9% in Q4, i.e. adjusted EBIT of € 365m. This implies adjusted EBIT of € 1.235bn for the full year, which is in the upper half of the group’s guidance range o...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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