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    KNEBV   FI0009013403

KONE OYJ

(KNEBV)
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Delayed Nasdaq Helsinki  -  11:29 2022-08-19 am EDT
41.15 EUR   -1.22%
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KONE to equip a new commercial building next to historic Leadenhall Market in the City of London

06/02/2022 | 07:11am EDT

KONE Corporation, a global leader in the elevator and escalator industry, has won an order to supply a suite of People Flow® solutions, including 25 elevators and two escalators, for One Leadenhall, a new high-end commercial building next to historic Leadenhall Market in the City of London area.

This 35-story tower will provide panoramic views at every level and a free public terrace. It is expected that the building will accommodate and treat around 4500 people. The building will become an integral part of the city, embracing the heritage of the neighboring Leadenhall Market.

KONE's delivery includes 19 KONE MiniSpace(TM) elevators, four KONE MonoSpace® elevators, two KONE JumpLift(TM) elevators and two KONE TravelMaster(TM) escalators. All 15 passenger elevators will be equipped with KONE Office Flow solution with KONE E-Link(TM) service as well as KONE Destination control system for reduced waiting and travelling times.

"We are proud to deliver people flow solutions to a project that combines modern design and heritage architecture and will impressively re-establish the area," said Axel Berkling, executive vice president, KONE Central and North Europe. "Working together with our customers, we want to help them create a first-class user experience, and we look forward to adding value to this high-end property".

The building is being developed by Brookfield Properties. The Construction Manager is Multiplex, and the leading architects are MAKE and Adamsons.

The project is expected to be completed in late 2024.

KONE booked the order in the fourth quarter of 2021.

For further information, please contact:

Hanna Rutanen, Head of Communications, KONE Corporation, tel. +358 41 507 1361, media@kone.com

About KONE

At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2021, KONE had annual sales of EUR 10.5 billion, and at the end of the year over 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.kone.com

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(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2022 10 981 M 11 025 M 11 025 M
Net income 2022 882 M 886 M 886 M
Net cash 2022 2 149 M 2 157 M 2 157 M
P/E ratio 2022 24,2x
Yield 2022 4,34%
Capitalization 21 323 M 21 409 M 21 409 M
EV / Sales 2022 1,75x
EV / Sales 2023 1,65x
Nbr of Employees 63 106
Free-Float 59,3%
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Number of Analysts 23
Last Close Price 41,15 €
Average target price 52,46 €
Spread / Average Target 27,5%
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Managers and Directors
Henrik Georg Fredrik Ehrnrooth President & Chief Executive Officer
Ilkka Hara Chief Financial Officer
Antti Juhani Herlin Chief Executive Officer & Deputy Chairman
Maciej Kranz Chief Technology Officer & Executive VP
Matti Juhani Alahuhta Director
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