Report
Delphine Brault ...
  • Quentin Borie

KONE : La modernisation en vedette ou l’espoir d’un momentum meilleur

La Chine représente encore 26% du chiffre d’affaires du groupe (et notre scénario n’est pas celui d’une reprise) mais le poids de la modernisation n’a cessé de croître. Il devrait atteindre 18% du CA cette année, un niveau désormais compatible avec le rôle de relais de croissance, attendue ‘high single digit’ dans les prochaines années. La croissance du CA du groupe devrait renouer avec 5% par an à partir de 2025 et la marge d’EBIT ajusté pourrait atteindre 14% en 2027. Le titre ...
Underlying
Kone Oyj Class B

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Delphine Brault

Quentin Borie

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