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.
KONE Corporation to Supply Elevators and Escalators to New Paris Law Courts Complex
Jan 26 15
KONE Corporation has won an order to supply 49 elevators and eight escalators to the new Paris Law Courts complex. The building, designed by famous architect Renzo Piano, will also feature a panoramic elevator offering a great view of the surrounding areas. Located in the Batignolles urban development zone North of Paris, the new complex will reach a height of 160 meters and bring under one roof Paris' regional court, the police court and the public prosecution service as well as the district courts for each of the city's arrondissements. The new courthouse is featuring the latest in energy consumption among high-rise buildings.
KONE Wins a Fourth Consecutive Oasis-Class Cruise Ship Order
Jan 22 15
KONE will equip Royal Caribbean Cruise Line's latest luxury cruise ship, Oasis 4. The new ship will be a sister vessel of the world's large cruise vessel Oasis 3, with 42 elevators and two escalators. This is the fourth consecutive Oasis-class order for KONE. The cruise ship will feature KONE's energy-efficient people flow solutions which will benefit altogether 7,700 passengers and crew members on a daily basis. KONE is to supply the 360m long and 220,000 Gross Registered Tons (GRT) cruise ship with 24 energy-efficient KONE MiniSpace(TM) passenger elevators, including 12 scenic glass cabins, four KONE MiniSpace(TM) service elevators and 14 KONE MonoSpace(R) service elevators. All the elevators will include regenerative drives that supply energy back to the ship's power network. Oasis 4 will also be equipped with a special gangway button option which will direct passengers automatically to the correct level for disembarkation, depending on the port. The order also calls for KONE to supply two KONE TravelMaster(R) galley escalators and three KONE Motala MC 2000 platforms for people with limited mobility. Oasis 4 will be built byt STX France in St. Nazaire, France and it is expected to be ready in 2018.