KONE : Feedback from the CMD: credible medium-term targets
>Credible targets, that should be comfortably achieved - The new CEO, Philippe Delorme, organised a first CMD with his team on Friday. He detailed his strategic road map which should enable the group to grow its activity by around 5% per annum (including small-scale acquisitions) and achieve an EBIT margin of 13-14% in 2027, and then closer to 16% by 2030.These 2027 targets are largely within reach for the group, in our view, and we see a degree of caution l...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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