Chinese pricing pressure in New Equipment remains the main reason for the decrease in EBIT. Towards 2019, raw material cost inflation should ease according to management but labour cost inflation is a real topic that was a focus during the conference call. Following this earnings release, we expect little change to our model and valuation as our numbers are right in the middle of the EBIT guidance.
30 Oct 2018
9m 18: mixed quarter and will skilled labour shortage negatively impact 2019?
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9m 18: mixed quarter and will skilled labour shortage negatively impact 2019?
Kone Oyj Class B (KNEBV:HEL) | 0 0 1.2% | Mkt Cap: 20,244m
- Published:
30 Oct 2018 -
Author:
Felix Brunotte -
Pages:
3
Chinese pricing pressure in New Equipment remains the main reason for the decrease in EBIT. Towards 2019, raw material cost inflation should ease according to management but labour cost inflation is a real topic that was a focus during the conference call. Following this earnings release, we expect little change to our model and valuation as our numbers are right in the middle of the EBIT guidance.