Key information (9m figures): Orders received declined by 3.8% and 1.2% at comparable exchange rates. The order book grew by 4.2%. Net sales grew by 1.7% and 4.0% at comparable exchange rates. Operating income grew by 4.4%. Operating margin up by 40bp to 14.6%. Cash flow generation remained strong over the 9m period but weakened in Q3. Guidance narrowed.
27 Oct 2016
Discrepancy between EBIT’s and operating cash flow’s growth is a bad omen
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Discrepancy between EBIT’s and operating cash flow’s growth is a bad omen
Kone Oyj Class B (KNEBV:HEL) | 0 0 1.2% | Mkt Cap: 20,244m
- Published:
27 Oct 2016 -
Author:
Felix Brunotte -
Pages:
4
Key information (9m figures): Orders received declined by 3.8% and 1.2% at comparable exchange rates. The order book grew by 4.2%. Net sales grew by 1.7% and 4.0% at comparable exchange rates. Operating income grew by 4.4%. Operating margin up by 40bp to 14.6%. Cash flow generation remained strong over the 9m period but weakened in Q3. Guidance narrowed.