Key information (H1 figures): • Orders received declined by 1.0% and at comparable exchange rates were stable. • Order book grew by 1.6% and by 4.9% at comparable exchange rates. • Net sales grew by 1.8% and at comparable exchange rates grew by 2.4%. • Operating profit decreased by 4.5%. • Operating margin at 13.3% vs 14.2% in H1 16. • Cash flow from operations (before financing items and taxes) was €626m vs €699m in H1 16, namely a 10.5% decrease, whic
20 Jul 2017
Disappointing H1 results as expected, cash flow contraction
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Disappointing H1 results as expected, cash flow contraction
Kone Oyj Class B (KNEBV:HEL) | 0 0 1.2% | Mkt Cap: 20,244m
- Published:
20 Jul 2017 -
Author:
Felix Brunotte -
Pages:
3
Key information (H1 figures): • Orders received declined by 1.0% and at comparable exchange rates were stable. • Order book grew by 1.6% and by 4.9% at comparable exchange rates. • Net sales grew by 1.8% and at comparable exchange rates grew by 2.4%. • Operating profit decreased by 4.5%. • Operating margin at 13.3% vs 14.2% in H1 16. • Cash flow from operations (before financing items and taxes) was €626m vs €699m in H1 16, namely a 10.5% decrease, whic