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  • 2007-01-25 KONE Corporation’s Financial Statement Bulletin January–December 2006 (Comparison Figures for June-December, 2005)New Page

KONE Corporation’s Financial Statement Bulletin January–December 2006 (Comparison Figures for June-December, 2005)

Stock Exchange Release Published 25/01/2007
  • Order intake totaled EUR 3,116 million.
  • Net sales totaled EUR 3,601 million.
  • Operating income totaled EUR 360.1 million, corresponding to a 10.0 (9.3) percent operating income (EBIT) margin.
  • KONE’s target for 2007 is to achieve an approximate 10 percent growth in net sales, calculated at comparable exchange rates, compared to 2006. The operating income (EBIT) target is to achieve growth of approximately 20 percent from the comparable 2006 figure EUR 360 million.
  • In 2008, KONE’s objective is to achieve an about 12 percent operating income (EBIT) margin.
  • The Board of Directors proposes a dividend of EUR 1.00 per class B share.

Key Figures

10-12/200610-12/20051-12/2006Previous
accounting
period
6-12/2005
Orders received, MEUR712.1702.53,116.31,622.1
Order book, MEUR2,762.12,326.82,762.12,326.8
Sales, MEUR1,145.61,013.43,600.82,101.4
Operating income, MEUR123.493.6360.1194.7
Cash flow from operations
(before financing items and taxes), MEUR
97.7111.3371.7215.4
Net income, MEUR80.253.8234.4124.0
Net debt, MEUR124.999.3124.999.3
Total equity/total assets, %30.531.230.531.2
Gearing, %17.914.817.914.8

Matti Alahuhta, President & CEO, says:

”I am very satisfied with KONE’s performance last year. In comparison with competition, we succeeded very well in increasing our orders and especially our profitability. We strengthened our market position in the Asia-Pacific region, continued to improve the profitability of our U.S. operations and also advanced strongly in many European markets. Our comprehensive development program has progressed well and produced results.”

KONE Corporation’s first financial reporting period was 1 June–31

December, 2005. KONE’s reporting period follows the calendar year

as of 2006. In order to facilitate evaluation of the financial performance and status of the company KONE has, in addition to the Financial Statements Bulletin, published this separate pro forma

review, in which the company has used 1 January–31 December 2005 data for comparison.

KONE Corporation’s audited Financial Statements are available on

the company’s website at www.kone.com.

Analyst and Media Conference and Conference Call

A meeting for the press, conducted in Finnish, will be held on Friday 26 January, 2007 at 2:00 p.m. Finnish time at KONE Building, address Keilasatama 3, 02150 Espoo.

A telephone conference and a meeting for analysts, conducted in English, will begin on Friday 26 January, 2007 at 3:30 p.m. Finnish time at KONE Building, address Keilasatama 3, 02150 Espoo.

The telephone conference will also be available as webcast on the company website. Callers may access the conference directly at the following telephone numbers:

US callers: +1 334 323 6201
Non-US callers: +44 (0)20 7162 0025
Participant code: KONE

An on demand version of the conference will be available at www.kone.com later the same day.

KONE’s Financial Statement Bulletin and Pro Forma Report for 2006, and presentation material will be available in the meetings. The presentation material and KONE’s Annual Report for 2006 will be available in pdf-format on the company’s website as of 2:00 p.m. The printed Annual Report will be published in the week starting 5 February.

Sender:

KONE Corporation

Aimo Rajahalme
Executive Vice President,
Finance

Minna Mars
Senior Vice President,
Corporate Communications & IR

For further information please contact:

Aimo Rajahalme, Executive Vice President, Finance, tel. +358 (0) 204 75 4484

KONE is one of the world’s leading elevator and escalator companies. It provides its customers with industry-leading elevators and escalators, with innovative solutions for their maintenance and modernization. KONE also provides maintenance of automatic building doors. In 2006, KONE had annual net sales of EUR 3.6 billion and approximately 29,000 employees. Its class B shares are listed on the OMX Nordic Exchange in Helsinki, Finland.

www.kone.com

Attachments:

The entire release in PDF format

2007-01-25 KONE Corporation’s Financial Statement Bulletin January–December 2006 (Comparison Figures for June-December, 2005)New Page

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