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Digital presentations with Kone & Investor

By December 1, 2020Client news, Uncategorized

Nordic Equities recently organized two interesting digital presentations with Kone (and IR manager Essi Lipponen) & Investor (with Magnus Dalhammar, Head of IR). Please see the summary below.

The Finnish elevator manufacturer Kone is currently in the last year of its ongoing strategic investment towards a more customer-centric organization, where new types of solutions and services have contributed to whole new revenue streams. Orders for Kone’s two business areas, “New Equipment & Modernization” and “Maintenance”, usually grow by a stable 5-6% annually, but have of course been negatively affected during the first nine months of this year. Despite this; with orders of -4.6%, revenue remained relatively stable and operating profit landed in level with the third quarter last year.

Regarding Investor, Magnus told us how the listed holdings have had an annual return of 14% since 2015, while the Swedish stock exchange has returned 11% per year during the same period. Investor continues to invest in selected, listed companies. EQT has also had fantastic development over the past 5 years with a return of 40% per year, which has become profitable for Investor. Patricia Industries, meaning Investor’s unlisted holdings, is undeniably starting to become a significant part of Investor’s portfolio. For Investor, it is crucial to contribute to build the companies over time and plays an important role in contributing to the companies’ profit growth. Permobil, for example, is 3.5 times larger in terms of earnings today than at the time of the investment.

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