- Kone’s third-quarter orders totaled €2.08 billion, surpassing the estimated €1.99 billion.
- Net sales for the quarter reached €2.75 billion, slightly below the projected €2.8 billion.
- Sales growth at constant exchange rates was 1.1%, which did not meet the estimated 2.52%.
- The company reported an EBIT of €319.4 million, exceeding the estimate of €312.2 million.
- Kone’s EBIT margin stood at 11.6%, which was below the anticipated 12.2%.
- Adjusted EBIT matched the reported EBIT of €319.4 million, falling short of the expected €344.6 million.
- Adjusted EBIT margin also came in at 11.6%, missing the forecasted 12.3%.
- Market analysts have issued 13 buy ratings, 9 hold ratings, and 6 sell ratings for Kone’s stock.
A look at Kone OYJ Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
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, holds a promising long-term outlook according to Smartkarma Smart Scores. With a strong Resilience score of 5, the company demonstrates stability and the ability to withstand market fluctuations. This is further complemented by a Momentum score of 5, indicating positive trends and growth potential in the future. Additionally, Kone Oyj is positioned for growth as reflected in its Growth score of 4, highlighting opportunities for expansion and development in its sector.
Furthermore, Kone Oyj maintains a moderate Value score of 2, suggesting that the company is fairly priced relative to its intrinsic value. In terms of dividend potential, the company scores a 3, indicating a satisfactory level of dividend payouts. Overall, with strong scores in Growth, Resilience, and Momentum, Kone Oyj appears well-positioned for long-term success in the elevator and escalator industry.
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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