KONE: Need for revision
By Erkki Vesola
KONE's Q1 numbers came very close to the consensus. The refinement to the 2024 guidance was not material, but our 2024-2026 forecasts have increased significantly after adopting a much more positive view on the Modernization market.
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Kone
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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 Figures25.04.
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 10,952.3 | 11,286.6 | 11,995.7 |
growth-% | 0.42 % | 3.05 % | 6.28 % |
EBIT (adj.) | 1,248.4 | 1,363.4 | 1,490.0 |
EBIT-% (adj.) | 11.40 % | 12.08 % | 12.42 % |
EPS (adj.) | 1.88 | 2.05 | 2.24 |
Dividend | 1.75 | 1.85 | 1.90 |
Dividend % | 3.87 % | 3.77 % | 3.87 % |
P/E (adj.) | 23.98 | 23.97 | 21.92 |
EV/EBITDA | 15.19 | 14.70 | 13.43 |
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