Investor Presentaiton
CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIALNATEMENTS | FINANCIAL PERFORMANCE
Sales
EBIT
2
Financial performance
10,907
1,031
MEUR MEUR
IN THIS SECTION
This section comprises the following notes describing
KONE's financial performance:
2.1 Sales
2.2 Costs and expenses
2.3 Depreciation and amortization
2.4 Foreign exchange sensitivity
2.5 Financing income and expenses
2.6 Income taxes
2.7 Earnings per share
2.8 Other comprehensive income
Financial targets
KONE has defined long-term financial targets for its
financial performance as follows:
GROWTH:
Faster than market growth
PROFITABILITY:
EBIT 16%
CASH FLOW:
Improved working capital rotation
KONE has not defined a time frame for the
achievement of these financial targets.
Given the capital and asset structure of KONE, the
aim is not to maximize the EBIT margin in the short
term, but rather to grow the absolute EBIT in an
optimal way over the long term and as a result
maintain a strong return on capital employed.
The relative EBIT margin target is relevant in
ensuring that growth and productivity improve
continuously.
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KONE ANNUAL REVIEW 2022View entire presentation