Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on KONE OYJ-B. We currently have 6 research reports from 1 professional analysts.
|22Dec16 09:30||GNW||Change in KONE Corporation's holding of treasury shares|
|01Dec16 07:45||GNW||Share subscriptions with KONE 2013 and 2014 option rights in 2017|
|22Nov16 02:45||GNW||KONE Corporation: Managers' transactions|
|08Nov16 07:45||GNW||KONE's share capital increases through the subscription of shares with 2013 and 2014 option rights|
|31Oct16 09:30||GNW||KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10|
|27Oct16 01:30||GNW||Change in KONE Corporation's holding of treasury shares|
|26Oct16 10:45||GNW||Financial reporting schedule of KONE Corporation in 2017|
Frequency of research reports
Research reports on
Discrepancy between EBIT’s and operating cash flow’s growth is a bad omen
27 Oct 16
Key information (9m figures): • Orders received declined by 3.8% and 1.2% at comparable exchange rates. • The order book grew by 4.2%. • Net sales grew by 1.7% and 4.0% at comparable exchange rates. • Operating income grew by 4.4%. • Operating margin up by 40bp to 14.6%. • Cash flow generation remained strong over the 9m period but weakened in Q3. • Guidance narrowed.
Chinese NE market declines by 15% in value terms
20 Jul 16
Key information (for the January-June period): • Net sales grew by 3.1% and by 5.2% at comparable exchange rates compared to H1 15. • Operating income grew by 6% and the operating margin was 14.2% vs 13.8% last year. • Net income increased by 11.4% compared to H1 15. • Cash flow from operations increased by 9.6%. • Orders received declined by 5.6% and by 3.1% at comparable exchange rates. • Kone beat Q2 EBIT consensus by 4.5%. • Management slightly upgraded EBIT guidance. Sales guidance unchanged. • Chinese NE market declined by c.7% in volume terms and c.15% in value terms. • Decrease in orders received could translate into a revenue decrease in 2017.
Fears on China return
22 Apr 16
Key information: • Orders received declined by 4.3% at comparable exchange rate compared to Q1 15. • The order book remain stable at €8.5bn but grew by 7.6% at comparable exchange rate. • Net sales grew by 4.2% at comparable exchange rate. • Operating income improved slightly to €221m vs €212m in Q1 15. • Operating margin improved slightly from 12.5% in Q1 15 to 12.7% in Q1 16. • Strong improvement in cash generation at €306m vs €212m in Q1 15. • EPS at €0.37 vs consensus of €0.34 and €0.29 in Q1 15 • Gearing at -53% vs -33% at end of Q1 15.
Good FY performance but China weighing on visibility
29 Jan 16
h1. Key informations: • Order intake grew by 16.8% and 5.6% at comparable exchange rates over FY15. • Order book grew by 18.1% over FY15. • Net sales increased by 17.9% and 8.3% at comparable exchange rates over the FY15. • Operating margin at 14.4% over the FY15 versus 14.1% in FY14. • EPS at €2.01 over FY15. • Cash flow from operations grew by 9.6% over the FY15. • Guidance for 2016: net sales growth of 2-6%, operating income in the range of €1,220-1320m. • The Board proposes a dividend of EUR 1.40 per class B share for the 2015 financial year.
Good performance, China slowing down
22 Oct 15
Key information : • 9m orders received totalled c.€6.0bn, namely growth of 17.7% at historical exchange rates and growth of 5.2% at comparable exchange rates. • The order book stood at €8.35bn as of end of September 2015, i.e growth of 19.4% at historical rates and growth of 13.9% at comparable exchange rates. • 9m net sales at €6,085m, i.e. 17.7% growth at historical exchange rates and growth of 7.2% at comparable exchange rates. • 9m operating income was €863m, or an operating margin of 14.2%. • Strong cash flow from operations of €1,070m over the first 9m. • 9m net income of €680m, or €1.30 EPS.
Strong growth notably due to favorable exchange rate movements
17 Jul 15
Key data: • Orders received grew by 21.7% at historical exchange rates (and by 6.3% at comparable exchange rates). • Order book grew by 32% at historical rates (and by 15% at comparable exchange rates) to EUR 8,627m. • Net sales grew by 19.5% to EUR 2,210m versus EUR 1,849m in Q2 2014. - New equipment sales grew by 22.7% (and by 6.6% at comparable exchange rates). - Service sales grew by 15.3% (and by 7.1% at comparable exchange rates). • Operating margin grew from 14.2% in Q2 2014 to 14.7%. • Cash flow from operations grew from EUR 280.2m to EUR 426m. • Net working capital improved from EUR -698m in Q2 2014 to EUR -940m. • EPS for the quarter at EUR 0.51. Guidance: • Net sales are expected to grow by 6-8% at comparable exchange rates for the full year. • Operating income is expected to be in the range of EUR 1,190m – 1,250m versus previously in the range of EUR 1,140m – 1,230m.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
N+1 Singer - Morning Song 12-01-2017
12 Jan 17
As anticipated, the second half has again been stronger than H1 and results will be broadly in line with expectations. In line with this, the order book has continued to grow and is at record levels. This confirms that significant progress has been made in the Group’s shift towards its Technology Products division which, as targeted, contributed c.60% of group revenue in FY16. The small acquisition of Cable Power also gives a complementary boost to the product range. It is also worth noting the significant reduction in net debt, £1.0m ahead of our forecast. We remain supportive of the Group’s strategy and continue to see a bright future as this transition towards a design led technology solutions business continues. We look forward to more detail in March at the final results.
N+1 Singer - Small-cap quantitative research - Momentum screen refresh + 10 focus stocks
12 Jan 17
We have refreshed our momentum style screen for the first time since inception on 26 July 2016. As before, the screen selects the 25 stocks exhibiting the most extreme momentum characteristics, according to our measurement method. From these we have selected 10 to focus on. Since inception the screen has underperformed both the main small-cap and micro-cap indices against a background of generally rising momentum. We have noted a subset of the basket, where decelerating momentum at the time of measurement appears correlated with significant share price falls since selection. We shall monitor this factor with the new screen, albeit there are only two such stocks showing this pattern, namely Lamprell (not rated) and Gear4music (not rated).
N+1 Singer - Best Ideas 2017 - Top picks
04 Jan 17
Today we publish our Best Ideas for 2017 - 12 stocks that we believe have excellent prospects in the current year together with a detailed discussion of what we see as the key sector and market themes for 2017. Our top picks are Cineworld, Elementis, Herald Investment Trust, Hill & Smith, IQE, MySale, Redde, ReNeuron, RhythmOne, SDL, Servelec and Severfield.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher