KONE : Road show feedback: H2 becomes complicated, but confidence thereafter
>Q3 and Q4 results set to be under pressure - We recently organised a road show with KONE’s management (CEO and CFO). This confirmed a difficult day-to-day environment, shared by all players in the capital goods sector (and others), with an intensification in logistics and raw material/component costs, tension on the supply chain and comparison bases that are now less favourable (with the recovery starting in Q3 2020). In our view, the group's anticipation of a negati...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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