Investor Presentaiton
BOARD OF DIRECTORS' REPORT
and divest our operations in Russia and higher than average
inventories also impacted working capital.
Interest-bearing net debt was EUR -1,309.0 million at the
end of December 2022. KONE's cash and cash equivalents
together with current deposits and loan receivables were EUR
1,970.4 (Dec 31, 2021: 2,885.1) million at the end of the
reporting period. Interest-bearing liabilities were EUR 673.9
(Dec 31, 2021: 746.5) million, including a pension liability of
EUR 140.0 (Dec 31, 2021: 194.3) million and leasing liability
of EUR 324.0 (Dec 31, 2021: 343.6) million. Additionally,
KONE had an asset on employee benefits, EUR 10.0 (Dec 31,
2021: 22.9) million. Gearing was -45.7% and the equity ratio
was 40.3% at the end of December 2022.
Equity per share was EUR 5.49.
Capital expenditure & acquisitions
MEUR
Jan 1-Dec 31, 2022
Jan 1-Dec 31, 2021
101.7
96.5
107.5
120.6
28.1
50.1
237.4
267.3
Capital expenditure and acquisition
KONE's capital expenditure and acquisitions totaled EUR
237.4 million in January-December 2022. Capital expenditure
excluding acquisitions was mainly related to equipment and
facilities in R&D, IT and production. Capital expenditure on
leases consists mainly of maintenance vehicles and office
facilities.
Acquisitions totaled EUR 28.1 million in January-
December 2022. KONE completed acquisitions of small
maintenance businesses in the EMEA region.
On fixed assets
On leasing agreements
On acquisitions
Total
10
10
KONE ANNUAL REVIEW 2022View entire presentation