Preliminary information on KONE's 2017 financials and outlook for 2018: Q4 2017 sales was higher than expected, the pressure on adjusted EBIT margin is expected to continue in 2018
KONE Corporation, stock exchange release, January 12, 2018 at 9.00 a.m. EETPreliminary information on KONE's 2017 financials and outlook for 2018: Q4 2017 sales was higher than expected, the pressure on adjusted EBIT margin is expected to continue in 2018 KONE's 2017 full year sales was higher than expected due to strong new equipment deliveries in the fourth quarter. Based on preliminary information, KONE's sales grew by 4.2% at comparable exchange rates in 2017 against the earlier estimated 1-3%. The preliminary adjusted EBIT for the full year 2017 was EUR 1,230 million which is