KONE lowers full year sales and adjusted EBIT outlook and provides preliminary key figures for the second quarter
KONE Corporation, stock exchange release, July 14, 2022 at 8.30 am EEST KONE lowers full year sales and adjusted EBIT outlook and provides preliminary key figures for the second quarter The demand environment remained healthy in most areas during the second quarter and our services business development continued to be strong. However, KONE’s second quarter net sales and adjusted EBIT were significantly impacted by the COVID-19 lockdowns in China which resulted in China’s net sales declining by close to 40% at comparable currencies. Operations in China have been fully ramped up in June