Kone Oyj

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q3 2022

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Earnings data Q4 2024

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Kone Oyj manufactures elevators, escalators, and automatic building doors. It also provides installation, maintenance, modernization, and replacement solutions. The company was founded on October 27, 1910 and is headquartered in Espoo, Finland.

KONE's overexposure to the fragile Chinese property market and macroeconomic trends negatively impacts margins, justifying my "Hold" rating despite solid 3Q24 results. The company's valuation at €49/share is too high; I maintain a target of €42/share, considering the limited upside and premium valuation. KONE's service revenue growth is promising, but potential quality issues and competition from local Asian firms pose significant risks.

KONE: Moving Towards Attractive Valuations

KONE Oyj (OTCPK:KNYJF) Q3 2024 Earnings Conference Call October 24, 2024 3:30 AM ET Company Participants Sanna Kaje - Vice President of Investor Relations Philippe Delorme - President & Chief Executive Officer Ilkka Hara - Chief Financial Officer Conference Call Participants Andre Kukhnin - UBS Daniela Costa - Goldman Sachs Vlad Sergievskiy - Barclays Miguel Borrega - BNP Paribas Rizk Maidi - Jefferies Klas Bergelind - Citi Nick Housden - RBC Capital Markets Sanna Kaje Good morning and welcome to KONE's Q3 '24 Results Announcement. I'm Sanna Kaje, Head of KONE's Investor Relations.

KONE Oyj (KNYJF) Q3 2024 Earnings Call Transcript

Kone Oyj (KNYJY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Kone Oyj (KNYJY) Upgraded to Buy: Here's What You Should Know

Powell Industries

Investors interested in Manufacturing - Electronics stocks are likely familiar with Powell Industries (POWL) and Kone Oyj Unsponsored ADR (KNYJY). But which of these two stocks presents investors with the better value opportunity right now?

POWL vs. KNYJY: Which Stock Should Value Investors Buy Now?

Kone continues to perform well outside of China, with strong demand for modernization projects and service segment growth. Service revenue saw significant growth, driven by volume and pricing increases, with potential for further pricing power in the inflationary environment. Despite challenges in China, Kone's market share gains position it well for future recovery, with an attractive valuation and potential for growth.

Kone: Solid Performance This Quarter Gives Me Confidence To Stay Long

KONE Oyj (OTCPK:KNYJF) Q2 2024 Earnings Conference Call July 19, 2024 3:30 AM ET Company Participants Sanna Kaje - Vice President, Investor Relations Philippe Delorme - President and Chief Executive Officer Ilkka Hara - Chief Financial Officer Conference Call Participants Sanna Kaje Good morning and welcome to KONE's Q2 Results Presentation. I'm Sanna Kaje, Head of KONE's Investor Relations, and I have here with me today our President and CEO, Philippe Delorme, and CFO Ilkka Hara.

KONE Oyj (KNYJF) Q2 2024 Earnings Call Transcript

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Kone reported a decrease in operating income in Q4 2023, but overall full-year results show a 16% increase in operating income. The company's cash flow and free cash flow results for the year are encouraging. Kone has a positive outlook for 2024, with expected growth in its end markets and improvements in revenue and EBIT margin.

KONE: A Robust Set Of Results, But I'm On The Sidelines

Investors with an interest in Manufacturing - Electronics stocks have likely encountered both Powell Industries (POWL) and Kone Oyj Unsponsored ADR (KNYJY). But which of these two companies is the best option for those looking for undervalued stocks?

POWL or KNYJY: Which Is the Better Value Stock Right Now?

KONE Oyj (KNYJF) Q4 2023 Earnings Call Transcript

A. O. Smith

Investors looking for stocks in the Manufacturing - Electronics sector might want to consider either A.O. Smith (AOS) or Kone Oyj Unsponsored ADR (KNYJY).

AOS vs. KNYJY: Which Stock Should Value Investors Buy Now?

Kone's Q3 financial results looked solid, with nice improvements in profitability. Looking at the different business segments of Kone reveals a picture of a company moving at two different velocities. While new building solutions business is declining, Kone's modernization and service businesses are thriving.

KONE: Dominant Elevator Business Moving At Two Different Velocities

KONE Oyj (OTCPK:KNYJF) Q3 2023 Earnings Conference Call October 25, 2023 8:45 AM ET Corporate Participants Natalia Valtasaari - Head, IR Henrik Ehrnrooth - President and Chief Executive Officer Ilkka Hara - Chief Financial Officer Conference Call Participants James Moore - Redburn Daniela Costa - Goldman Sachs Klas Bergelind - Citi Miguel Nabeiro - BNP Paribas Aurelio Calderon - Morgan Stanley Panu Laitinmäki - Danske Bank John Kim - Deutsche Bank Ben Heelan - Bank of America Vladimir Sergievskii - Barclays Rizk Maidi - Jefferies Debashis Chand - Societe General Andrew Wilson - JPMorgan Natalia Valtasaari Good afternoon, and welcome to KONE's third quarter earnings call. My name is Natalia Valtasaari.

KONE Oyj (KNYJF) Q3 2023 Earnings Call Transcript

KONE Oyj Q2 results show strong sales driven by modernization and new equipment revenues. The company implemented successful cost control and reorganization plans, leading to a great profit result, that should continue to bear fruit. Expectations for future sales growth are muted due to major difficulties in China business development, but net income growth is expected to continue.

KONE: Completions And Supply Chain Letups Drive Revenues

KONE has started 2023 on a positive note, largely due to the resilience of its service business. But its outsized China real estate exposure is a concern, particularly with macro data continuing to deteriorate. Most of the positives are already priced in at the current premium valuation.

KONE: Beware The China Risk

Emerson Electric

Investors interested in stocks from the Manufacturing - Electronics sector have probably already heard of Emerson Electric (EMR) and Kone Oyj Unsponsored ADR (KNYJY). But which of these two companies is the best option for those looking for undervalued stocks?

EMR or KNYJY: Which Is the Better Value Stock Right Now?

Investors interested in stocks from the Manufacturing - Electronics sector have probably already heard of Emerson Electric (EMR) and Kone Oyj Unsponsored ADR (KNYJY). But which of these two stocks offers value investors a better bang for their buck right now?

EMR vs. KNYJY: Which Stock Is the Better Value Option?

We downgrade our rating on KONE from Buy to Hold, following disappointment from 2022 results and the new 2023 outlook. Shares are at 31.9x 2022 EPS and have a 3.7% dividend yield after EPS fell by 24% in 2022 due to a decline in sales in China.

KONE: No Longer A Buy As Recovery Is Again Postponed

KONE Oyj (OTCPK:KNYJF) Q4 2022 Earnings Conference Call January 26, 2023 8:45 AM ET Company Participants Natalia Valtasaari - Head, IR Henrik Ehrnrooth - President and CEO Ilkka Hara - CFO Conference Call Participants Lars Brorson - Barclays Daniela Costa - Goldman Sachs Aurelio Calderon - Morgan Stanley Klas Bergelind - Citigroup Miguel Borrega - BNP Paribas Exane John Kim - Deutsche Bank Tomi Railo - DNB Panu Laitinmaki - Danske Bank Martin Flueckiger - Kepler Cheuvreux Delphine Brault - Oddo Securities Rizk Maidi - Jefferies James Moore - Redburn Natalia Valtasaari Good afternoon, and welcome to KONE's Fourth Quarter Earnings Call. My name is Natalia Valtasaari.

KONE Oyj (KNYJF) Q4 2022 Earnings Call Transcript

Kone shares have rebounded 33% from October lows but are still 24% below their 52-week high. The Dividend Yield is 3.6%. Shares are at 24.9x 2021 EPS, but we expect EPS to decline by 22% in 2022 due to cost inflation and the construction slowdown in China.

Kone: Up 33% From October Lows, Now Even More A Bet On China

KONE Oyj (OTCPK:KNYJF) Q3 2022 Earnings Conference Call October 27, 2022 8:45 AM ET Company Participants Natalia Valtasaari - Head, IR Henrik Ehrnrooth - President and CEO Ilkka Hara - CFO Conference Call Participants Klas Bergelind - Citigroup Andre Kukhnin - Credit Suisse Daniela Costa - Goldman Sachs James Moore - Redburn Aurelio Calderon - Morgan Stanley Guillermo Peigneux - UBS Rizk Maidi - Jefferies Andrew Wilson - JPMorgan Panu Laitinmaki - Danske Bank Joel Spungin - Berenberg Miguel Borrega - BNP Paribas Exane Lars Brorson - Barclays Tomi Railo - DNB Martin Flueckiger - Kepler Cheuvreux Natalia Valtasaari Good afternoon, and welcome to KONE's Third Quarter Earnings Call. My name is Natalia Valtasaari.

KONE Oyj (KNYJF) Q3 2022 Earnings Call Transcript

Kone shares fell below €40 on Friday to a new 5-year low, after losing another 13% since Q2 results on July 20. Adjusted EBIT fell 44% in Q2, largely due to COVID lockdowns in China; 2022 outlook was cut again and now shows an 11% EBIT decline.

Kone: Shares At 5-Year Lows; Q2 May Mark The Bottom

KONE Oyj (OTCPK:KNYJF) Q2 2022 Earnings Conference Call July 20, 2022 5:30 AM ET Company Participants Natalia Valtasaari - Head, IR Henrik Ehrnrooth - President and CEO Ilkka Hara - CFO Conference Call Participants Daniela Costa - Goldman Sachs Jeff Sprague - Vertical Research Andre Kukhnin - Credit Suisse Miguel Borrega - BNP Paribas Exane Klas Bergelind - Citi Alexander Virgo - Bank of America Andrew Wilson - JPMorgan Guillermo Peigneux-Lojo - UBS Martin Flueckiger - Kepler Cheuvreux Natalia Valtasaari Good afternoon, and welcome to KONE's Second Quarter Earnings Call. My name is Natalia Valtasaari, and I'm Head of Investor Relations here at KONE.

KONE Oyj (KNYJF) CEO Henrik Ehrnrooth on Q2 2022 Results Earnings Call Transcript

Elevator maker Kone on Thursday lowered its sales and profit outlook for this year due to among other things weak second-quarter sales in China, which were hit by COVID-19 lockdowns.

Finnish elevator maker Kone cuts 2022 outlook after weak China sales

Kone set out its new strategy and expectations at its investor day last week, following disappointments in both its share price and P&L. The elevator industry is facing the end of China's construction boom and high inflation. 35% of Kone's sales were from China in 2021.

KONE: Adjusting To The End Of China's Construction Boom

News for Kone Oyj Stock (KNYJY)