KONE : Road show feedback: an improvement can be expected in H2
>Demand in China for new installations remains constrained - At the end of last week we organised a road show with KONE’s CFO. Unsurprisingly, many of the questions concerned China. The analysis, carried out by the group on the Chinese market at the beginning of the year, is confirmed, i.e.: i/ an anticipated decline of around 10% for new equipment (after -20% in 2022), ii/ mitigation measures (which should enable developers to be less constrained in terms of liquidit...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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