Kone Oyj 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.
  • TickerKNEBV
  • ISINFI0009013403
  • ExchangeNasdaq Nordic Helsinki
  • SectorIndustrial Engineering
  • CountryFinland

Analysts

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global equities consolidating We remain constructive on global equities as the MSCI ACWI, ACWI ex-U.S., and EAFE indexes consolidate above their respective 200-day moving averages. On the other hand, the MSCI EM index is breaking below its 200-day moving average and is flirting with a breakdown below 56,000 support (local currency). Weakness within EM raises concerns that global equities may also succumb to weakness... see charts below. • Global equities consolidating. We take a look at the big picture, providing overviews on broad MSCI indexes (ACWI, ACWI ex-U.S., and EAFE)... see page 2. ...

Alfred Glaser ...
  • Anis Zgaya
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Khaled Ben Amor
  • Louis Boujard
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Tegner
  • Samantha Jeary
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/14/2019

...

Alfred Glaser ...
  • Anis Zgaya
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Khaled Ben Amor
  • Louis Boujard
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Tegner
  • Samantha Jeary
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/05/2019

...

Alfred Glaser ...
  • Delphine Brault

KONE : IPO of Thyssenkrupp's elevator technology business – what implications could this have?

>Thyssenkrupp to list its elevator division - Anticipating a rejection by the European Commission of the proposed merger of Thyssenkrupp and Tata Steel’s steel assets, the German group announced on Friday a change in strategy. It is to scrap its plan to split the group into two independent entities. It now wants to create a holding company to allow for more flexible management of its business portfolio. It also aims to list its elevator technology division while ...

Alfred Glaser ...
  • Delphine Brault

KONE : IPO d’Elevator Technology de Thyssenkrupp – Quelles implications ?

>Thyssenkrupp organise l’IPO de sa division Ascenseurs - Suite à l’anticipation d’un refus de la Commission européenne devant statuer sur la fusion des actifs sidérurgiques de Thyssenkrupp et de Tata Steel, le groupe allemand a annoncé, vendredi dernier, son intention de changer de stratégie. Il abandonne son projet de scinder le groupe en deux sociétés indépendantes. Il entend créer une holding de tête, visant à permettre une gestion plus flexible de son portefe...

Alfred Glaser ...
  • Delphine Brault

KONE : IPO of Thyssenkrupp's elevator technology business – what implications could this have?

>Thyssenkrupp to list its elevator division - Anticipating a rejection by the European Commission of the proposed merger of Thyssenkrupp and Tata Steel’s steel assets, the German group announced on Friday a change in strategy. It is to scrap its plan to split the group into two independent entities. It now wants to create a holding company to allow for more flexible management of its business portfolio. It also aims to list its elevator technology division while ...

Alfred Glaser ...
  • Delphine Brault

KONE : IPO d’Elevator Technology de Thyssenkrupp – Quelles implications ?

>Thyssenkrupp organise l’IPO de sa division Ascenseurs - Suite à l’anticipation d’un refus de la Commission européenne devant statuer sur la fusion des actifs sidérurgiques de Thyssenkrupp et de Tata Steel, le groupe allemand a annoncé, vendredi dernier, son intention de changer de stratégie. Il abandonne son projet de scinder le groupe en deux sociétés indépendantes. Il entend créer une holding de tête, visant à permettre une gestion plus flexible de son portefe...

Denise Molina

Morningstar | KNEBV Updated Forecasts and Estimates from 25 Apr 2019

Wide-moat Kone's first-quarter results surprised positively with top-line growth well above the 2019 guidance range, prompting management to tighten the revenue growth range with the lower end now at 3% instead of 2%. Management also tweaked the EBIT range modestly higher. The operating income margin contracted by 40 basis points, not unexpected considering the company is still working through projects in its order book based on previous pricing. We have tweaked our forecasts expecting 4% revenue growth this year, up from 3% previously. However, this did not lead to us materially change our fa...

Alfred Glaser ...
  • Delphine Brault

KONE : China boosts Q1 figures but we remain cautious on the rest of 2019

>Q1 2019 in line with expectations, buoyed by sales growth - Yesterday, the group reported a quality Q1, thanks to significantly better-than-expected business growth, but the margin was disappointing. The key points of the publication are as follows:Orders up 8% at constant currency, vs +3.8% forecast by ODDO BHF and +3.4% by the consensus. This figure is all the more impressive as Otis recently reported Q1 results with a 1% contraction in the order intake ...

Alfred Glaser ...
  • Delphine Brault

KONE : La Chine enflamme le T1 mais nous restons prudents pour le reste de 2019

>Un T1 en ligne avec les attentes, tiré par la croissance du CA - Le groupe a publié hier un T1 de qualité, grâce à une croissance d’activité bien supérieure aux attentes. La marge en revanche déçoit. Les points clés de cette publication sont :Des commandes en hausse de 8% à changes constants, vs 3.8% attendus par ODDO BHF et 3.4% par le consensus. Ce chiffre est d’autant plus remarquable qu’Otis a publié récemment un T1 avec des commandes en recul de 1% à change...

1 director sold

A director at Kone Oyj sold 15,148 shares at 44.510EUR and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board membe...

Alfred Glaser ...
  • Anis Zgaya
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Khaled Ben Amor
  • Louis Boujard
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Tegner
  • Samantha Jeary
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/14/2019

...

Alfred Glaser ...
  • Anis Zgaya
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Khaled Ben Amor
  • Louis Boujard
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Tegner
  • Samantha Jeary
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/05/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/26/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/04/2019

...

Jesper Ingildsen ...
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

KONE OYJ with less fundamental stars is reduced to Neutral

KONE OYJ (FI), a company active in the Industrial Machinery industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 10, 2019, the closing price was EUR 49.64 and its expected value was estimated at EUR 47.14.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Sennebogen Maschinenfabrik GmbH - Strategy, SWOT and Corporate Finance Report

Sennebogen Maschinenfabrik GmbH - Strategy, SWOT and Corporate Finance Report Summary Sennebogen Maschinenfabrik GmbH - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Sennebogen Maschinenfabrik GmbH (Sennebogen) is a manufacturer of construction equipment. Its product portfolio includes material handling machines, electric excavators, grabs and attachments, craw...

MarketLine Department

Cargotec Oyj - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Cargotec Oyj - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's Cargotec Oyj Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Cargotec Oyj since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity und...

MarketLine Department

Kleemann Hellas SA - Strategy, SWOT and Corporate Finance Report

Kleemann Hellas SA - Strategy, SWOT and Corporate Finance Report Summary Kleemann Hellas SA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Kleemann Hellas S.A. (Kleemann Hellas), a subsidiary of MCA Orbital Global Holdings Ltd, is a manufacturer and supplier of elevating systems and components. The company along with its subsidiaries offers complete lift syste...

Kone – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Kone - February 26, 2019

In general, KONE is in compliance with the Finnish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 10, approval is sought for the remuneration of the board of directors. Although ECGS has no concerns over the fees proposed, it notes that the non-executive chairman of the board Mr. Antti Herlin is entitled to an annual bonus on top of his base salary. In ECGS' view, non-executive directors should not be entitled to any variable payments to safeguard their independence from the company. ECGS therefore recommends to vote OPPOSE. Under ITEM 12, t...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global equities consolidating We remain constructive on global equities as the MSCI ACWI, ACWI ex-U.S., and EAFE indexes consolidate above their respective 200-day moving averages. On the other hand, the MSCI EM index is breaking below its 200-day moving average and is flirting with a breakdown below 56,000 support (local currency). Weakness within EM raises concerns that global equities may also succumb to weakness... see charts below. • Global equities consolidating. We take a look at the big picture, providing overviews on broad MSCI indexes (ACWI, ACWI ex-U.S., and EAFE)... see page 2. ...

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