KONE has acquired Partek Corporation and currently owns 99.5% of Partek’s shares and voting rights. The process to redeem the rest of the shares has been initiated. Partek’s figures have been consolidated into KONE’s interim report from 1 July, 2002.
Comparative figures from the previous year do not include Partek’s figures. Partek is publishing its own interim report at the same time as KONE is publishing this report.
The value of KONE’s net sales for the first three quarters of 2002 totaled EUR 2,681 million, of which the elevator and escalator business accounted for EUR 2,059 (1-9/2001:2,000) million. Partek’s share of the sales total (7-9/2002) was EUR 622 million.
The value of orders received in the elevator and escalator business totaled EUR 1,598 (1,629) million. Partek’s orders received for the July-September, 2002 period totaled EUR 501 million.
The value of orders in hand at the end of the period under review totaled EUR 2,454 million of which the elevator and escalator business accounted for EUR 1,984 (Sept. 30, 2001:1,953, Dec. 31, 2001: 1,881) million and Partek accounted for EUR 470 million.
Net income for January-September, 2002 totaled EUR 111.4 (80.9) million, and earnings per share stood at EUR 1.85 (1.38).