KONE : The group is well equipped to take advantage of the post COVID-19 rebound
>2020 should see a further improvement in margins - We organised a road show with the CFO of KONE, Ilkka Hara, last week. Three major themes emerged:The impact of COVID-19. In China (nearly 30% of sales), the group has two factories and they were at a standstill for just over three weeks, i.e. roughly a week longer than scheduled for the Chinese New Year. Since then, the ramp-up has been gradual, as have deliveries, and the CFO expects a significant impact on ac...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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