Cash flow from operations (before financing items and taxes) decreased by 16.3%, a figure worse than the one expected by AlphaValue (-9%). This decrease in cash generation is especially worrying as Kone used to be a growing cash machine. Moreover, we want to remind investors that Europe’s maintenance deflation is a bigger source of worry in the long run than the Chinese New Equipment market.
29 Jan 2018
FY17 results: end of the growing cash machine?
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FY17 results: end of the growing cash machine?
Kone Oyj Class B (KNEBV:HEL) | 0 0 1.2% | Mkt Cap: 20,244m
- Published:
29 Jan 2018 -
Author:
Felix Brunotte -
Pages:
5
Cash flow from operations (before financing items and taxes) decreased by 16.3%, a figure worse than the one expected by AlphaValue (-9%). This decrease in cash generation is especially worrying as Kone used to be a growing cash machine. Moreover, we want to remind investors that Europe’s maintenance deflation is a bigger source of worry in the long run than the Chinese New Equipment market.