HELSINKI (Reuters) – Finnish elevator maker Kone <KNEBV.HE> reported higher than expected quarterly profits on Wednesday, which it attributed to improved pricing and efficiency.
The company is seen as a potential bidder for the elevators business of German industrial group Thyssenkrupp <TKAG.DE>, with reports it has offered around 15 billion euros for its German rival.
Kone’s third-quarter adjusted operating profit rose 17.6% from a year ago to 322 million euros (£278 million), beating the average forecast of 309 million euros collected by the company from 20 analysts.
Shares in Kone rose nearly 2% after the results.
(Reporting by Anne Kauranen; Editing by Susan Fenton)