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Kone Oyj (KNEBV.HE)

KNEBV.HE on Helsinki Stock Exchange

44.61EUR
11:46am GMT
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Fri, Jan 12 2018

UPDATE 1-Elevator maker Kone expects China to hit 2018 profitability

HELSINKI, Jan 12 Elevator maker Kone reported its first fall in annual profit in a decade on Friday and said tough competition in China and increased raw material costs meant pressure on profitability would continue in 2018, knocking its shares.

Elevator maker Kone says orders rebound in China

STOCKHOLM Elevator maker Kone said on Thursday its order bookings in China were growing again, though it still faced price pressures in the world's biggest elevator market.

UPDATE 1-Finland's Kone plans to cut 1,000 jobs globally

HELSINKI, Sept 26 Finnish elevator maker Kone plans to cut around 1,000 jobs globally to boost profitability in the face of currency fluctuations and weaker demand from China, it said on Tuesday.

UPDATE 1-Weak China market hits Finnish elevator maker Kone

HELSINKI, July 19 Finnish elevator maker Kone missed second-quarter profit forecasts on Wednesday, hit by falling demand and sliding prices in China, the world's biggest elevator market.

Elevator maker Kone second-quarter profit falls more than expected

HELSINKI Finnish elevator maker Kone said on Wednesday second quarter profits fell more than expected amid weak demand in China, the world's biggest elevator market.

Elevator maker Kone Q2 profit falls more than expected

HELSINKI, July 19 Finnish elevator maker Kone said on Wednesday second quarter profits fell more than expected amid weak demand in China, the world's biggest elevator market.

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