Elevator and escalator manufacturer Kone reported positive Q4 results, with a 6.3% increase in orders received, reaching €2.25 billion. Strong performance in the Service and Modernization sectors contributed to this growth. Despite a slight dip in sales, profitability improved, lifting the EBIT margin to 13.1%.
This positive trend signals a recovery in the construction and infrastructure markets.
Source: Investing.com · Summarized by HeadlinesBriefing