Key information: • Orders received declined by 1.5%, at comparable exchange rates the decline was 1.2%. • Order book rose by 7.0% and by 5.0% at comparable exchange rates. • Net sales grew by 3.5%, at comparable exchange rates the increase was 3.3%. • Operating income was 1.7% lower than last year. • Operating margin decreased by 70bp to 12.0%. • Cash flow from operations was stable.
28 Apr 2017
Margin contraction in Q1
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Margin contraction in Q1
Kone Oyj Class B (KNEBV:HEL) | 0 0 1.2% | Mkt Cap: 20,244m
- Published:
28 Apr 2017 -
Author:
Felix Brunotte -
Pages:
4
Key information: • Orders received declined by 1.5%, at comparable exchange rates the decline was 1.2%. • Order book rose by 7.0% and by 5.0% at comparable exchange rates. • Net sales grew by 3.5%, at comparable exchange rates the increase was 3.3%. • Operating income was 1.7% lower than last year. • Operating margin decreased by 70bp to 12.0%. • Cash flow from operations was stable.