KONE’s Q1 revenue experienced nil growth yoy, good news when accounting for KONE’s heavy exposure to the APAC region, and times of high uncertainty. As expected, Q1 20 revenue saw new equipment revenue shrink (vs Q1 19), while maintenance and modernisation grew. Taking into account KONE’s geographical sales composition, we expect a revenue contraction yoy in Q2.
22 Apr 2020
Solid Q1 results, with a worrying outlook for Q2
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Solid Q1 results, with a worrying outlook for Q2
Kone Oyj Class B (KNEBV:HEL) | 0 0 1.2% | Mkt Cap: 20,244m
- Published:
22 Apr 2020 -
Author:
David Chaucayanqui -
Pages:
3
KONE’s Q1 revenue experienced nil growth yoy, good news when accounting for KONE’s heavy exposure to the APAC region, and times of high uncertainty. As expected, Q1 20 revenue saw new equipment revenue shrink (vs Q1 19), while maintenance and modernisation grew. Taking into account KONE’s geographical sales composition, we expect a revenue contraction yoy in Q2.