Last $42.35 USD
Change Today -0.10 / -0.24%
Volume 766.0
As of 10:51 AM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

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kone oyj-b (KNYJF) Details

KONE Oyj, together with its subsidiaries, operates in the elevator and escalator industry. It offers elevators, escalators, autowalks, automatic doors, and monitoring and access control systems for residential and office buildings, public transportation and airports, hotels, retail centers, cruise ships, stadiums, concert halls, and medical facilities. The company also provides design services, such as project planning and specification, and traffic analysis; construction services comprising project management and installation; maintenance and monitoring solutions; and modernization services, including upgrades and replacements. It serves architects, consultants, developers, general contractors, building owners, and facility managers in Europe, the Middle East, Africa, the Americas, and Asia/Oceania. KONE Oyj was founded in 1910 and is headquartered in Helsinki, Finland.

45,041 Employees
Last Reported Date: 07/18/14
Founded in 1910

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kone oyj-b (KNYJF) Key Developments

Kone Oyj Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months of 2014; Provides Earnings Guidance for the Year 2014

Kone Oyj reported unaudited consolidated earnings results for the second quarter and six months of 2014. For the quarter, the company reported sales of EUR 1,848.9 million against EUR 1,761.7 million a year ago. Operating income was EUR 263.2 million against EUR 242.8 million a year ago. Income before taxes was EUR 266.9 million against EUR 248.4 million a year ago. Net income attributable to shareholders of the parent company was EUR 199.8 million against EUR 191.3 million a year ago. Basic and diluted earnings per share were EUR 0.39 against EUR 0.37 a year ago. Cash flow from operating activities was EUR 224.2 million against EUR 240.4 million a year ago. For the six months, the company reported sales of EUR 3,290.7 million against EUR 3,160.4 million a year ago. Operating income was EUR 442.9 million against EUR 403.2 million a year ago. Income before taxes was EUR 453.6 million against EUR 412.8 million a year ago. Net income attributable to shareholders of the parent company was EUR 341.5 million against EUR 315.7 million a year ago. Diluted earnings per share were EUR 0.66 against EUR 0.61 a year ago. Cash flow from operating activities was EUR 518.6 million against EUR 537.9 million a year ago. Return on equity was 42.6% against 35.8% a year ago. Return on capital employed was 36.8% against 29.6% a year ago. For the year 2014, the company estimated net sales to grow by 6­9% at comparable exchange rates as compared to 2013. The operating income (EBIT) is expected to be in the range of EUR 1,000­1,050 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of 2014.

Kone Oyj, H1 2014 Earnings Call, Jul 18, 2014

Kone Oyj, H1 2014 Earnings Call, Jul 18, 2014

KONE Corporation Wins Order for KL118 Tower

KONE Corporation will be supplying 105 elevators and escalators to KL118 Tower, a 118-storey mixed use tower developed by PNB Merdeka Ventures Sdn Bhd in Kuala Lumpur, Malaysia. Comprising of a total of more than 400,000sqm of residential, hotel and commercial functions, KL118 tower is expected to be the tallest building in Malaysia, upon completion in 2019, a new landmark of the country. The building will be connected to a metro station and its 2nd phase of development will consist of another 4 residential towers. To ensure a smooth people flow and achieve space optimization, 18 KONE TravelMaster escalators, 23 KONE MonoSpace machine room-less elevators, 23 KONE MiniSpace elevators, 37 KONE DoubleDeck elevators, KONE People Flow Intelligence solutions including KONE highly innovative Destination Control Systems will be provided. The installation of KONE's energy efficient elevators will assist the new complex pursuit of the Leadership in Energy and Environmental Design Gold or Platinum certification. 12 of the elevators installed at the KL118 Tower have a travel speed of 10m/s and this includes 11 KONE DoubleDeck. Besides these, two DoubleDeck observation elevators with travel speed of 8m/s, and two service elevators with travel speed of 9m/s and travel height of almost 500m are also included. Additionally, four KONE JumpLift elevators will make the KL118 construction process safer and faster, with reduced down-time and earlier closing of the building facades. With the KONE JumpLift, all construction workers will experience significantly less waiting time, a safer and more comfortable transportation means. Furthermore, the elevators in KL118 will be equipped with a fully automated Occupant Evacuation Operation system that executes building evacuation automatically in event of emergency. Building users will receive automatic messages and evacuation instructions, through the elevator Destination Operating Panels, on every floor.


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