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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Kone Oyj    KNEBV   FI0009013403

KONE OYJ

(KNEBV)
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Delayed Quote. Delayed NASDAQ OMX HELSINKI LTD. - 01/22 11:29:52 am
65.14 EUR   -1.24%
01/22KONE CORPORATION : Sell rating from UBS
MD
01/21KONE OYJ : announces an open competition to connect almost anything to an elevator
PU
01/20KONE OYJ : Changes in the KONE Executive Board
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Kone Oyj : Another metro line win for KONE in China

11/12/2020 | 10:09am EST

KONE Corporation, a global leader in the elevator and escalator industry, has won an order to supply 187 elevators and escalators to Metro Line 9 in Northwest China'sXi'an, an important cultural, industrial and educational center in the region and one of the oldest cities in the entire country.

Xi'an Metro Line 9 will run southwest to northeast between Fangzhicheng and Qinhan Avenue via 15 stations. The 30.6-kilometer-long line will also travel through the Lintong University City. After completion, line 9 will help to relieve traffic burden along the subway system and will offer commuters a convenient way to travel to the norteastern part of the city. The Xi'an Metro currently has five lines in use and 10 more lines are planned to be added in the coming years.

To help provide smooth and safe metro travel for the 850,000 daily passengers along the new line, KONE will deliver 152 KONE TransitMaster(TM) escalators, 31 KONE MonoSpace® elevators, and 4 KONE MiniSpace(TM) elevators. The contract also includes two years of standard maintenance.

"We are pleased that our previous projects on Xi'an metro lines 1 and 4 have led to continued collaboration for the new line 9. We are very much looking forward to working together with Xi'an China Railway Rail Transit once again to help meet the demanding people flow needs and contribute to a premium passenger experience," said William B. Johnson, Executive Vice President, KONE Greater China.

The project is developed by Xi'an China Railway Rail Transit Co., Ltd.

KONE booked the order in the second quarter of 2020.

For further information, please contact:

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

Read more

Previous press releases are available at https://www.kone.com/en/news-and-insights/releases/ including:

October 20, 2020: KONE to equip Nanfeihong Plaza mixed-use development in Xi'an, China

August 18, 2020: KONE to equip phase two of Chongqing Metro Line 6 in China

July 28, 2020: KONE wins order for the first phase of Jinan Metro Line R2 in China

May 28, 2020: KONE to equip Beijing's Metro Line 17 in China

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 2019, KONE had annual sales of EUR 10 billion, and at the end of the year approximately 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2020 10 015 M 12 188 M 12 188 M
Net income 2020 943 M 1 148 M 1 148 M
Net cash 2020 1 919 M 2 335 M 2 335 M
P/E ratio 2020 35,8x
Yield 2020 2,72%
Capitalization 33 768 M 41 105 M 41 092 M
EV / Sales 2020 3,18x
EV / Sales 2021 3,03x
Nbr of Employees 60 592
Free-Float 60,5%
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Technical analysis trends KONE OYJ
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Consensus
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Mean consensus UNDERPERFORM
Number of Analysts 26
Average target price 63,15 €
Last Close Price 65,14 €
Spread / Highest target 18,2%
Spread / Average Target -3,05%
Spread / Lowest Target -30,6%
EPS Revisions
Managers and Directors
NameTitle
Henrik Georg Fredrik Ehrnrooth President & Chief Executive Officer
Antti Juhani Herlin Chairman
Ilkka Hara Chief Financial Officer
Maciej Kranz Chief Technology Officer & Executive VP
Matti Juhani Alahuhta Independent Director
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