KONE : Very solid Q3 2019 which confirms the positive signs for 2020
>Q3 2019 higher than forecast with (finally) an improvement in margins - Yesterday, the group reported good-quality Q3 figures, thanks to business growth being significantly better than expected again (as in H1) and a significant increase in the EBIT margin. The key points of the publication are as follows: Orders were up 6.8% at constant currencies (cc), vs 5.1% forecast by ODDO BHF and 5.3% by the consensus. Above all, the group stated, as was the case in Q2, t...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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