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 ma
20 Jul 2016
Chinese NE market declines by 15% in value terms
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Chinese NE market declines by 15% in value terms
Kone Oyj Class B (KNEBV:HEL) | 0 0 1.2% | Mkt Cap: 20,244m
- Published:
20 Jul 2016 -
Author:
Felix Brunotte -
Pages:
4
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 ma