earnings
KONE Earnings: Strong Service Business Helps Offset Weak China, North America Markets
In its half-year financial report for January-June, KONE Corp. said strong service business performance is helping offset "challenging market dynamics" in China and a North America market that has "declined...
Inovance Earning Soar to US$3.4 Billion on Strong Industrial Automation Growth
Global industrial automation specialist Inovance, headquartered in Shenzhen, China, on June 9 reported 2022 annual earnings of US$3.4 billion, reflecting 28% year-on-year revenue growth. The company has a strong presence...
With Strong NE Sales, Otis Delivers Solid Q1 Results
On April 26, Otis reported first-quarter (Q1) net sales of US$3.3 billion, with 3.6% organic growth. At $0.79, earnings per share (EPS) were up 8.2% versus 2022. While Q1 net...
Q1 Profit, Orders Buoy KONE Outlook
Strong modernization demand, a thriving service business and the easing of supply chain disruptions brought about by the COVID-19 pandemic contributed to Finnish OEM KONE's first-quarter (Q1) profit beating market...
Schindler’s 1Q 2023 Profit Beats Analysts’ Estimates
Swiss OEM Schindler reported net profit of CHF212 million (US$237.4 million) for the 1st quarter of 2023 ending on March 31, beating analysts' estimates of CHF166.5 million (US$186.4 million), Today...
KONE to Cut Up To 1,000 Jobs Globally
As part of an organizational restructuring announced on January 26 with its latest earnings, KONE said it will cut up to 1,000 jobs globally — 150 in its native Finland,...
Hyundai Elevator Reports First Quarterly Loss Since 1996
Hyundai Elevator Co., South Korea’s No. 1 elevator producer, announced in August a quarterly operating loss for the first time since it was listed on the main bourse Korea Composite...
Schindler Cuts Revenue Guidance Due to China Market
Schindler recently announced that it has cut its revenue guidance for the year, citing a slowdown in its key China market, which the Swiss elevator and escalator manufacturer expects to...
KONE Lowers Outlook Due to China Market
Elevator maker KONE has lowered its sales and profit outlook for this year due to lower-than-expected second quarter sales and a weakened new equipment market outlook in China, Yahoo Finance...
Alimak Group Releases 2021 Annual, Sustainability Report
Alimak Group AB, the Stockholm, Sweden-based provider of rack-and-pinion vertical-transportation systems, construction hoists and more, released its Annual and Sustainability Report 2021 on March 18. President and CEO Ole Kristian...
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