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MarketScreener Homepage  >  Equities  >  Xetra  >  KONE Corporation       FI0009013403

KONE CORPORATION

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KONE OYJ : to supply the elevators and escalators for the Ring Rail Line stations in Finland

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04/12/2011 | 02:05am EDT

KONE Corporation, press release, April 12, 2011

KONE has won an order to supply the elevators and escalators to the Helsinki metropolitan region's new Ring Rail Line. The order includes 21 KONE MonoSpace® Special elevators, two inclined elevators and 37 KONE TransitMaster® 140 escalators. The project includes a 10-year KONE Care® Premium maintenance agreement.

The Ring Rail Line is one of the most important infrastructure projects currently ongoing in Finland. It will bring rail services to new areas of the city of Vantaa and it forms an important link to the Helsinki Airport. The contract covers deliveries to five Ring Rail Line stations: Vantaankoski, Leinelä, Airport, Aviapolis and Kivistö.

"We are proud to deliver our innovative and eco-efficient People Flow(TM) solutions which are especially designed for the requirements of mass transit to this significant infrastructure project," says Ari Lehtoranta, EVP and Area Director of KONE Central and North Europe.

The order for the escalators was booked in Q1 2011 and the elevator order was booked in Q2 2011.

For further information, please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358 204 75 4775

About KONE
KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company's objective is to offer the best people flow experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. In 2010, KONE had annual net sales of EUR 5 billion and approximately 33,800 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com:
http://www.kone.com/




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: KONE Oyj via Thomson Reuters ONE

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Financials (€)
Sales 2019 9 651 M
EBIT 2019 1 207 M
Net income 2019 946 M
Finance 2019 1 735 M
Yield 2019 3,46%
P/E ratio 2019 27,01
P/E ratio 2020 24,27
EV / Sales 2019 2,13x
EV / Sales 2020 2,03x
Capitalization 22 329 M
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Income Statement Evolution
Consensus
 
Mean consensus HOLD
Number of Analysts 25
Average target price 45,7 €
Spread / Average Target -7,3%
EPS Revisions
Managers
NameTitle
Henrik Georg Fredrik Ehrnrooth President & Chief Executive Officer
Antti Juhani Herlin Chairman
Ilkka Hara Chief Financial Officer
Tomio Pihkala Chief Technology Officer
Matti Juhani Alahuhta Independent Director
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