Kone Oyj to Supply Elevators And Escalators For The West Metro Project According to BAC Company Report19 Jun 2012 • by Natalie Aster
LONDON – End of May Kone announced that it won a tender for the Finland’s largest current infrastructure project - the West Metro. The project will expand Helsinki’s metro line with 14 km of new road west to the Espoo station. Kone will supply 140 TransitMaster® escalators, 33 MonoSpace® elevators, 8 inclined elevators, and also provide ten-year Care® Premium maintenance service effective 2015. The unique People Flow™ concept will be designed for each new station. The order was booked in Q2 2012, and the procurement will start in 2014 for the West Metro to be opened in 2015.
According to latest reports Kone is financially successful. Although March 2012 started slowly (revenue EUR 1.24 B, gross profit EUR 154.3 M, operating income EUR 132.7 M, net income EUR 108.6 M), the overall trend is upward. For the FY 2011 revenue increased by 4.8% to EUR 5.23 B, gross profit added 2.3% and reached 2.86 B, operating income gained 3.8% and equaled EUR 725.1 M, net income rose by sound 20.2% and amounted EUR 643.6 M. Most significant revenue contributors in 2011 were Asia-Pacific and Middle East markets. Equipment sales dominated the portfolio with 46% share, while maintenance brought 37% of all revenues and modernization added 17%.
Founded in 1910 and headquartered in Espoo (Finland), Kone engages in design, manufacture, installation and maintenance of elevation and escalation systems worldwide. The company develops a unique People Flow™ concept for each project it participates in. Kone is present in every part of the world, through official R&D sites or authorized distributors. KONE class B shares are listed on the NASDAQ OMX Helsinki.
Other details on the company’s products, financial performance, business possibilities and news can be found in the report “Kone Oyj Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Kone Oyj Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: May, 2012
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