KONE Wins Order to Equip Multi-Use Development in Hefei, Anhui Province in Eastern China
Mar 25 15
KONE, has won an order to supply 64 elevators and escalators to Gaosu Binhu Time Square, a multi-use building in the city of Hefei, Anhui province in Eastern China. Gaosu Binhu Time Square is composed of two 54-floor and 41-floor towers standing at 238m and 180m and stretching to a total construction area of 230,000 square meters. Due for completion in 2017, the building will integrate offices, a hotel and a shopping mall under one roof. Gaosu Binhu Time Square is built by Anhui Highway Real Estate Co Ltd.
KONE Wins Order for Sengkang General and Community Hospitals in Singapore
Mar 17 15
KONE has won an order to supply elevators and escalators to Sengkang General and Community Hospitals. Upon its completion, the 1,400-bed integrated hospital development will bring holistic, multi-disciplinary and patient-centric care to meet the healthcare needs of the residents in northeast Singapore. Sengkang General and Community Hospitals will be situated closely to light rail transit stations and have easy access to amenities
such as retail complexes. KONE will be installing energy-efficient KONE MiniSpace(TM) elevators, KONE S MonoSpace(R) machine room-less elevators, KONE TranSys(TM) elevators, KONE TravelMaster(TM) 110 escalators and dumbwaiter elevators from an external source. All elevators and escalators will be linked up by KONE E-Link(TM) monitoring solution with remote management capabilities. KONE E-Link(TM) provides real-time status updates of the equipment performance and facilitates rapid resolution deployment to ensure operational quality. In addition, some elevators will be equipped to interface with Automated Guided Vehicles (AGV), ensuring smooth and on-time delivery for meals, documents etc. The order was booked in the last quarter of 2014.
Kone Corporation Proposes Dividend on Class A and Class B Shares for the Year 2014, Payable on March 4, 2015; Reports Consolidated and Parent Company Earnings Results for the Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015
Jan 29 15
KONE Corporation proposed to the Annual General Meeting that for the financial year 2014 a dividend of EUR 1.1975 be paid for each class A share and a dividend of EUR 1.20 be paid for each class B share. All shares existing on the dividend record date, February 25, 2015 are entitled to the dividend. The dividend will be paid on March 4, 2015.
The company reported consolidated and parent company earnings results for the year ended December 31, 2014. For the year, on consolidated basis, the company reported sales of EUR 7,334.5 million compared to EUR 6,932.6 million a year ago. Operating income was EUR 1,035.7 million compared to EUR 953.4 million a year ago. Income before taxes was EUR 1,016.4 million compared to EUR 960.5 million a year ago. Net income was EUR 773.9 million compared to EUR 713.1 million a year ago. Net income attributable to shareholders of the parent company was EUR 755.6 million compared to EUR 701.8 million a year ago. Diluted earnings per share were EUR 1.47 compared to EUR 1.36 a year ago. Cash flow from operating activities was EUR 1,124.3 million compared to EUR 1,022.4 million a year ago. Capital expenditure was EUR 98.0 million compared to EUR 77.4 million a year ago. Return on equity was 40.9% compared to 40.1% a year ago.
For the year, on parent company basis, the company reported sales of EUR 454,088,006.86 compared to EUR 445,399,964.72 a year ago. Operating income was EUR 124,401,875.93 compared to EUR 145,006,250.39 a year ago. Income before extraordinary items was EUR 397,788,096.81 compared to EUR 435,628,325.47 a year ago. Income before appropriations and taxes was EUR 428,388,096.81 compared to EUR 477,212,825.47 a year ago. Net income was EUR 404,065,028.22 compared to EUR 429,462,500.68 a year ago. Cash flow from operating activities was EUR 387,315,402.48 compared to EUR 376,165,856.07 a year ago. Capital expenditure was EUR 23,072,376.93 compared to EUR 14,034,361.76 a year ago.
For 2015, the company expects that sales will grow between 6% to 9% in comparable currencies. Looking at the growth throughout the year, the company expects to see a similar development to what had been seen the prior years, which means that sales growth in beginning of the year is somewhat slower. Looking at EBIT development, the company expects EBIT to be in the range of EUR 1,130,000,000 to EUR 1,230,000,000. And here, assumes that translation exchange rates will stay approximately at the average level of January 2015.