Kone Corporation demerged into two separately listed corporations, KONE Corporation and Cargotec Corporation, on 1 June, 2005. This report presents the financial performance of KONE Corporation as of the demerger date, for the period June–September 2005.
The Interim Report has been prepared in accordance with International Financial Accounting Standards (IFRS) accounting principles. The applied accounting principles are described in the Financial Statements for the accounting period 1 January, 2004–1 March, 2005 of demerged Kone Corporation.
This Interim Report covers the reporting period ending September 30, 2005, and the period 1 July–30 September, 2005. In conjunction with this report, KONE will publish a pro forma review for January-September, 2005, which presents KONE’s financial performance according to the business and corporate structure prevailing after the demerger. The third quarter figures deviate from the pro forma third quarter figures as different average currency rates have been used due to the different accounting periods.
KONE Corporation's first financial reporting period is 1 June, 2005–31 December, 2005. After this KONE’s reporting period will follow the calendar year.
This review is unaudited.
Executive Vice President, Finance and Information Services
Senior Vice President, Corporate Communications & IR
For further information please contact:
Aimo Rajahalme, Executive Vice President, Finance and Information Services,
tel. +358 (0)204 75 4484
KONE is the world’s fourth largest elevator and escalator company and provides complete and innovative solutions for the installation, maintenance and modernization of elevators and escalators and the maintenance of automatic building doors. KONE provides safe and easy access to hundreds of millions of people daily in all parts of the world. KONE has annual net sales of approximately EUR three billion and about 27,000 employees. Its class B shares are listed on the Helsinki Exchanges.