- Orders for 2Q reported at €2.33 billion, surpassing the estimate of €2.28 billion.
- Net sales were slightly below expectations at €2.80 billion, compared to the estimated €2.86 billion.
- Sales at constant exchange rates showed a minimal decline of -0.1%, against an estimated increase of +1.61%.
- Reported EBIT at €334.7 million, slightly below the estimate of €343.1 million.
- EBIT margin was 11.9%, marginally under the estimated 12%.
- Adjusted EBIT came in at €334.7 million, missing the expected €352.3 million.
- Record-high Modernization orders were a significant driver of performance.
- Challenges included a decline in margin in China and cost increases driven by inflation.
- Positive outcomes in wellbeing, inclusion, and employee retention were noted.
- Improved margins in New Building Solutions and Modernization deliveries outside China contributed positively.
- Market analyst recommendations comprise 14 buys, 11 holds, and 3 sells.
A look at Kone OYJ Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Kone OYJ, a company specializing in elevator and escalator solutions as well as automatic building door maintenance, has received a range of Smartkarma Smart Scores indicating its long-term outlook in various key areas. With a strong score in Resilience and Dividend, the company seems well-positioned to weather market fluctuations and provide consistent returns to investors. Additionally, Kone OYJ shows promising Momentum, suggesting positive growth potential in the future. However, the company falls slightly short in the areas of Value and Growth, indicating that there may be room for improvement in these aspects for long-term success.
In summary, Kone OYJ is a company that offers innovative solutions in the elevator and escalator industry, with a focus on sustainability and safety. While demonstrating strong performance in terms of Resilience, Dividend, and Momentum according to Smartkarma Smart Scores, there are areas such as Value and Growth that could benefit from further strategic attention to enhance the company’s overall long-term outlook.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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