KONE : No big surprises in Q3, but the message points to an improvement
>Q3 results in line with the preliminary numbers - KONE released preliminary Q3 results on 14 October (adjusted EBITA 8% below expectations) and revised down its 2022 guidance.The final results, released during the day yesterday, are in line, with some interesting details. Q3 order intake was down 10% at constant exchange rates; however, the gross margin in the backlog is up slightly, both year on year and quarter on quarter.By segment, new equipment posted ...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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