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Top related persons:
Finland's - 1 Tomas Hildebrandt - 1 EVLI - 1 Hilderbrant - 1 Hertta Alava - 1 Henrik Ehrnrooth - 1 Schindler - 1 Nordea's Alava - 1
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OMX Helsinki - 1 STOXX - 1 Nordic - 1 Novo Nordisk - 1 Deutsche Bank - 1 NATO - 1 Russia - 1 Zurich - 1

Search resuls for: "Henrik Ehrnrooth"


3 mentions found


☆ Investors spy value in cheap Finnish stocks after China and Russia pain
  + stars: | 2023-11-29 | by ( Danilo Masoni | ) www.reuters.com   time to read: +4 min
Finnish stocks are Europe's biggest laggards this year, as risks stemming from tensions with Russia and concerns over China's stuttering recovery have hurt its exporters. The top 25 stocks in Helsinki are worth a combined $150 billion. The OMX Helsinki 25 (.OMXH25) has lost 10% this year, versus the STOXX 600's (.STOXX) 8% rally. "Finnish stocks are attractively valued and a lot of bad news is priced in," Alava said. "If the European economy recovers in 2024 as I expect, Finnish cyclical stocks should recover too... this could be a good time for long-term investors to increase holdings".
Persons: Finland's, Tomas Hildebrandt, EVLI, Hilderbrant, Hertta Alava, Henrik Ehrnrooth, Schindler, Nordea's Alava, LSEG, Danilo Masoni, Christina Fincher Organizations: OMX Helsinki, STOXX, Nordic, Novo Nordisk, Deutsche Bank, NATO, Russia, Zurich, Otis, Metsa Board, Thomson Locations: Russia, Helsinki, Finland, Europe, China, Ukraine, U.S, French, OMX Helsinki, Alava
☆ Elevator-maker Kone to slash 1,000 jobs, sees recovery in Asia
  + stars: | 2023-01-26 | by ( Anne Kauranen | ) www.reuters.com   time to read: +1 min
HELSINKI, Jan 26 (Reuters) - Finnish elevator-maker Kone (KNEBV.HE) said on Thursday it would slash up to 1,000 jobs globally as it cuts costs and it expects demand to pick up in its main market China and elsewhere in Asia this year. The cuts will save 100 million euros annually from the beginning of next year, the company said, with 150 of the job losses coming from Finland. Kone posted stronger-than-expected fourth-quarter core earnings but its order intake declined more than analysts had expected. Its October-December adjusted operating profit rose by 1.6% to 365 million euros ($398 million) from 359.4 million euros a year earlier, beating the 333.6 million expected by 21 analysts in a poll provided by the company. ($1 = 0.9178 euros)Reporting by Anne Kauranen, editing by Terje Solsvik and Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.
☆ Seeing a shift from elevator installation to servicing: KONE CEO
  + stars: | 2022-10-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSeeing a shift from elevator installation to servicing: KONE CEOHenrik Ehrnrooth, CEO of KONE explains the company's pivot to servicing contracts as elevator and escalator installation volumes decline.
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