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Elevator maker Kone fourth-quarter earnings slightly miss -Breaking

by Mike Robinson

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© Reuters.

HELSINKI (Reuters). Elevator manufacturer Kone posted slightly lower-than-expected fourth quarter core earnings on Wednesday. This was due to disruptions in global supply chains.

Finnish firm gave an updated estimate on its 2022 profit. It expects its adjusted operating revenue to range from 1.18-1.33 Billion euros ($1.33-3.50 Billillion), slightly less than the 1.31 Billion in full-year 2020.

The October-December operating loss was 351.9 million Euros, down from 367 millions a year ago. This is lower than the 356 million estimate by nine Refinitiv analysts.

($1 = 0.8849 euros)

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