KONE Oyj (FRA:KC4)

€ 49.46 0.33 (0.67%) Market Cap: 25.88 Bil Enterprise Value: 25.98 Bil PE Ratio: 27.09 PB Ratio: 12.40 GF Score: 81/100

Q3 2019 Kone Oyj Earnings Call Transcript

Oct 23, 2019 / 12:45PM GMT

Release Date Price: €53.64

Transcript

Sanna Kaje

KONE Oyj - VP of IR

Good afternoon and welcome to KONE's Q3 result presentation. My name is Sanna Kaje, and I'm the Head of Investor Relations. As always, I have here with me our President and CEO, Henrik Ehrnrooth; and CFO, Ilkka Hara. Henrik will first go through the Q3 highlights. Ilkka will give a bit more color on the numbers, and Henrik will then discuss how we see the outlook. After the presentation, we have time for your questions. Henrik, the floor is yours.

Henrik Ehrnrooth

KONE Oyj - CEO, President & Member of the Executive Board

Thank you, Sanna, and warm welcome on my behalf to our Q3 webcast. And I'm very pleased to present a good result to you today. We have some good news to share here.

If I start with the highlights for the third quarter. I would say the highlights are really that we continued to grow faster than market on a broad basis, and the margins of our orders received continued to improve. Also, we had a solid growth in our services business. Our adjusted EBIT margin improved, and we had a very strong cash

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