KONE : Q4 broadly in line but guidance for 2022 implies a fairly marked deterioration in the EBIT margin
>A slowdown in Q4 and an EBIT margin a shade below forecasts - Yesterday during trading, KONE published Q4 orders up 0.4% at constant forex and sales up 1.8% vs consensus forecasts of, respectively, +0.3% and +1.1%.The group underlined that the gross margin on orders had deteriorated vs Q4 2020, but showed a sequential improvement, suggesting that price increases are beginning to have a positive impact. In terms of activity, sales of new equipment were down ...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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