July 18, 2019 / 9:52 AM / 5 months ago

Elevator maker Kone increases sales, profits in second quarter

HELSINKI, July 18 (Reuters) - Finnish elevator maker Kone on Thursday reported a rise in second-quarter sales and profits, boosted by growth in Asian markets and adjusted forecasts for sales and profits for the full year.

The company said its second-quarter sales rose 9% from a year earlier to 2.54 billion euros ($2.85 billion), with adjusted operating profit rising 6.4% to 320 million.

Kone forecast its 2019 sales would grow 4-7% at comparable exchange rates, with 2019 adjusted EBIT in a range of 1.17-1.25 billion euros.

It had in April forecast sales growth of 3–7 percent, with adjusted EBIT of 1.16-1.26 billion euros.

$1 = 0.8905 euros Reporting by Tarmo Virki, Editing by Jane Merriman

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