KONE Oyj (LTS:0II2)

€ 49.765 -1.515 (-2.95%) Market Cap: 25.68 Bil Enterprise Value: 25.86 Bil PE Ratio: 26.82 PB Ratio: 10.29 GF Score: 84/100

Q2 2020 Kone Oyj Earnings Call Transcript

Jul 17, 2020 / 12:45PM GMT

Release Date Price: €64.1 (-2.81%)

Transcript

Sanna Kaje

KONE Oyj - VP of IR

Good afternoon, and welcome to KONE's Q2 results presentation. My name is Sanna Kaje, and I'm the Head of KONE's Investor Relations. I have here with me today our President and CEO, Henrik Ehrnrooth; and CFO, Ilkka Hara. Henrik will first go through the Q2 highlights. Ilkka will discuss the numbers in more detail, and Henrik will then discuss the outlook. In the end, we have plenty of time for your questions.

Henrik, please.

Henrik Ehrnrooth

KONE Oyj - CEO, President & Member of the Executive Board

Well, thank you, Sanna, and also welcome to our Q2 results announcement, and I'm very happy to share some great news with you today. We had a very strong quarter in a very difficult environment, an environment that I don't think anyone of us has experienced during their careers before. If we start with the highlights. We had a very strong recovery in China, that was clearly an important driver of our performance, but that was not only all, it was actually broad-based good performance. However, we can see that orders

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