KONE Oyj (MIL:1KNEBV)

€ 49.03 0 (0%) Market Cap: 25.15 Bil Enterprise Value: 25.33 Bil PE Ratio: 25.75 PB Ratio: 9.88 GF Score: 88/100

Q4 2019 Kone Oyj Earnings Call Transcript

Jan 28, 2020 / 01:45PM GMT

Transcript

Sanna Kaje

KONE Oyj - VP of IR

Good afternoon, and welcome to KONE's Q4 and full year 2019 result presentation. My name is Sanna Kaje, and I'm the Head of Investor Relations. As usual, I have here with me our President and CEO, Henrik Ehrnrooth; and CFO, Ilkka Hara. Henrik, please.

Henrik Ehrnrooth

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

Thank you, Sanna, and also a warm welcome on my behalf. And I'm very happy to be able to present, again, good progress for KONE during the year 2019.

If you look at how our year finished last year in Q4, we had a continued good growth in all regions and all businesses. So the great sales growth that we had in the beginning of the year continued, that I'm very happy about. Also, we had clear profitable growth. Our adjusted EBIT margin improved, clearly, now again in Q4. And we also had a very important milestone, in that we launched a really groundbreaking new era, I would say, in our industry with the launch of our DX Class elevators. And the final highlight is that our Board of Directors have,

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