Kone: Performance starts improving
KONE’s key Q2 figures had already been reported in advance in connection with the July 14th profit warning, so they contained no surprises. However, the underlying factors of the Q2 figures were interesting. With the exception of China, KONE anticipates nice market growth for 2022, while the conditions for margin improvement are starting to fall into place. Our estimate revisions are small. The share valuation is still reasonably attractive.
Kone
Kone is a manufacturer of elevators, escalators and automatic doors. Examples of other associated products and systems that the company provides include barriers, docking systems and traffic gates. Today, the company's products are resold in all global regions via authorized resellers. Kone was originally founded in 1910 and is headquartered in Espoo.
Read more on company pageKey Estimate Figures21.07.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 10,514.1 | 10,835.5 | 11,491.9 |
growth-% | 5.79 % | 3.06 % | 6.06 % |
EBIT (adj.) | 1,309.8 | 1,115.6 | 1,466.3 |
EBIT-% (adj.) | 12.46 % | 10.30 % | 12.76 % |
EPS (adj.) | 1.98 | 1.66 | 2.17 |
Dividend | 2.10 | 1.70 | 1.90 |
Dividend % | 3.33 % | 3.44 % | 3.85 % |
P/E (adj.) | 31.82 | 29.66 | 22.72 |
EV/EBITDA | 19.70 | 17.78 | 13.30 |