KONE is running steadily
Deviations in KONE’s Q1 figures from estimates were small but mainly positive. The company especially emphasized the improved margins of the order backlog. KONE fine-tuned its 2023 guidance and still relies on a recovery on the Chinese market. However, the valuation of the company's share is high, which is difficult to justify.
Kone is a manufacturer of elevators, escalators and automatic doors. Other related products and systems provided by the company include barriers, docking systems and traffic gates. The company's products are sold in all global regions through authorized distributors. Kone was founded in 1910 and is headquartered in Espoo.
Read more on company pageKey Estimate Figures27.04.2023
| 2022 | 23e | 24e | |
|---|---|---|---|
| Revenue | 10,906.7 | 11,109.6 | 11,697.5 |
| growth-% | 3.7 % | 1.9 % | 5.3 % |
| EBIT (adj.) | 1,076.6 | 1,244.4 | 1,488.0 |
| EBIT-% (adj.) | 9.9 % | 11.2 % | 12.7 % |
| EPS (adj.) | 1.59 | 1.89 | 2.21 |
| Dividend | 1.75 | 1.75 | 1.80 |
| Dividend % | 3.6 % | 3.6 % | 3.7 % |
| P/E (adj.) | 30.5 | 25.9 | 22.2 |
| EV/EBITDA | 18.2 | 17.2 | 13.7 |
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