|
contents | business | |||||||||
| Kone Corporation reports interim results for January-March 2011 Finnish escalator and elevator maker Kone said its orders received totaled EUR 1, 045 (1–3/2010: 894.7) million in January–March 2011. Orders received increased by 16.8% at historical exchange rates and by 13.5% at comparable exchange rates. The order book stood at EUR 3,738 (Dec 31, 2010: 3,598) million at the end of March 2011. Net sales increased by 5.1% to EUR 1, 054 (1, 003) million. At comparable exchange rates the growth was 2.6%. Operating income was EUR 118.7 (108.6) million or 11.3% (10.8%) of net sales. Cash flow from operations was very strong and reached EUR 237.3 (217.6) million. Kone's net sales is estimated to grow 0–5% at comparable exchange rates as compared to 2010. The operating income (EBIT) is expected to be in the range of EUR 700–750 million, assuming that translation exchange rates do not deviate materially from the situation of the beginning of 2011. write your comments about the article :: © 2011 Construction News :: home page |