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    KNEBV   FI0009013403

KONE OYJ

(KNEBV)
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Delayed Nasdaq Helsinki  -  05/20 11:29:43 am EDT
45.01 EUR   +3.09%
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Kone Oyj : to equip Hotel Signia by Hilton Atlanta

01/05/2022 | 07:28am EDT

KONE Corporation, press release, January 5, 2022

KONE, a global leader in the elevator and escalator industry, has won an order for 16 elevators and six escalators for the new Georgia World Congress Center headquarter hotel Signia by Hilton Atlanta.

Connected to the Georgia World Congress Center and overlooking Mercedes-Benz Stadium sports and entertainment complex, the 975-room property features 75,000 square feet of world-class meeting space, a destination bar, signature restaurant, and premium wellness amenities. Construction is expected to be completed by late 2023.

"Having previously installed equipment at Mercedes-Benz Stadium, KONE is excited to play a continuing role at the Georgia World Congress Center campus," says Ken Schmid, Executive vice president, KONE Americas. "We are confident that our unique expertise in people flow will help deliver a superior customer experience at Signia by Hilton Atlanta."

In addition to 15 passenger, one service elevator and six escalators, KONE solutions at Signia by Hilton Atlanta include KONE Destination, improving elevator convenience and efficiency, and KONE E-Link™ remote monitoring.

Signia by Hilton Atlanta is owned by Georgia World Congress Center Authority and managed by Hilton Management Services. Boston-based Drew Company is the developer with Gensler as the architect and a joint venture between Skanska and SG Contracting as the general contractor.

The order was booked in the second quarter of 2021.

For further information, please contact:  
Hanna Rutanen, Head of 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 27, 2021: KONE wins modernization order for San Francisco's iconic Russ Building
September 17, 2020: KONE wins order for Logan International Airport in Boston
March 4, 2020: KONE wins order for Harrah's Cherokee Casino Resort in Cherokee, North Carolina
February 13, 2019: KONE to equip Vancouver office tower with energy-efficient elevators

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 2020, KONE had annual sales of EUR 9.9 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. B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

Hilton Picture 2 002


Disclaimer

Kone Oyj published this content on 05 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 2022 12:27:07 UTC.


© Publicnow 2022
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Sales 2022 11 215 M 11 832 M 11 832 M
Net income 2022 935 M 987 M 987 M
Net cash 2022 2 218 M 2 340 M 2 340 M
P/E ratio 2022 24,7x
Yield 2022 4,04%
Capitalization 23 323 M 24 605 M 24 605 M
EV / Sales 2022 1,88x
EV / Sales 2023 1,80x
Nbr of Employees 62 951
Free-Float 59,6%
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Number of Analysts 23
Last Close Price 45,01 €
Average target price 54,19 €
Spread / Average Target 20,4%
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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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