KONE Corporation, stock exchange release, September 28, 2016 at 08.00 a.m. EEST
KONE Corporation hosts aCapital Markets Day today, September 28, in Helsinki
KONE organizes a Capital Markets Day for institutional investors and analysts today in Helsinki. The aim of the event is to provide an update on KONE's progress in its strategy execution and the key focus areas going forward. Both strategic and financial targets as well as the business outlook for 2016 remain unchanged.
President and CEO Henrik Ehrnrooth:
"KONE's performance has continued to be strong on a broad basis. We have showed clear progress in our strategic targets, and our profitable growth continued in the first half of 2016.
Looking ahead, we remain in a long-term growth industry. The market dynamics continue to change, and we expect growth to stem more from services. In new equipment, markets continue to grow except for the sizeable Chinese market. Towards the beginning of next year, we expect the decline in the Chinese market measured in units to moderate; competition will remain intense. The long-term drivers in China remain solid.
In the rapidly digitalizing world, winners will be those who are able to collect and utilize data in a way that creates the most value for customers. KONE's innovation is fully centered around the needs of our customers and users. We will be investing more than ever in technology and in developing our processes to create a differentiated experience for the users and value for our customers. To enable this we will connect over 1 million additional elevators and escalators to the cloud during the next four years. KONE's competitiveness is strong and we expect to deliver results also in the changing operating environment."
Agenda for the day:
The presentations start today, September 28, 2016 at 08.30 a.m. (EEST). There will be a live webcast from the event and it can be followed live on KONEs website at http://www.kone.com/en/investors/.
8.35-9.30 Henrik Ehrnrooth, President and CEO:
Performing through accelerated differentiation
09.30-10.00 Tomio Pihkala, Chief Technology Officer:
Driving change with customer-focused innovation
10.30-11.15 William B. Johnson, Executive Vice President
for Greater China:
Leading in a new phase in China
11.15-12.00 Larry G. Wash, Executive Vice President for the
Strong performance in a growing market
For further information, please contact:
Sanna Kaje, Vice President, Investor Relations, tel. +358 (0)204 75 4705
President and CEO
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2015, KONE had annual net sales of EUR 8.6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.