Kone Oyj (KNEBV.HE)
18 May 2018
FRANKFURT With a planned steel joint venture in reach, Thyssenkrupp has pledged to refine its strategy by the second half of the year, with some shareholders expecting more radical and structural changes to remove a discount on the stock.
HELSINKI Elevator maker Kone reported on Wednesday falling quarterly profits, citing price pressure in China, higher raw material prices and unfavorable foreign exchange rates.
FRANKFURT Thyssenkrupp is not in talks with Finland's Kone about its elevator business, Thyssenkrupp's Chief Financial Officer Guido Kerkhoff told journalists on Wednesday after the group published first-quarter results.
FRANKFURT, Feb 14 Thyssenkrupp is not in talks with Finland's Kone about its elevator business, Thyssenkrupp's Chief Financial Officer Guido Kerkhoff told journalists on Wednesday after the group published first-quarter results.
HELSINKI, Jan 25 Finland's Kone is looking for acquisitions as it hopes the elevator industry to consolidate further, its chief executive Henrik Ehrnrooth said on Thursday.
HELSINKI, Jan 25 Finnish elevator maker Kone's fourth-quarter new equipment orders in China were flat in unit terms but increased around 7 percent year-on-year in monetary value thanks to price increases, its chief executive said on Thursday.
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.