Pressmeddelanden, rapporter och bolagsmeddelande för KONE Oyj

KONE Corporation released its interim report for January–September 2024, highlighting continued strong growth in its Service and Modernization sectors. For the full year 2024, KONE expects sales growth of 0–3% at comparable exchange rates and an adjusted EBIT margin of 11.5%–11.9%. The negative impact of foreign exchange rates on adjusted EBIT is estimated to be around EUR 10 million. The company attributes its growth to the positive performance in Service and Modernization and a robust order book, while facing challenges from a declining New Building Solutions market in China. KONE's new strategy, "Rise," aims for mid-single-digit annual sales growth over the next three years and an adjusted EBIT margin of 13-14% by the end of 2027. The company is focusing on transforming its business with Service and Modernization as key drivers and is implementing performance initiatives to improve margins. The global New Building Solutions market showed regional differences, with growth in North America and stability in Europe, while activity in China declined. Service and Modernization markets continued to grow across all regions. KONE plans to hold press and analyst meetings to discuss these updates.

KONE Corporation released its half-year financial report for January–June 2024, highlighting solid order growth in three of its four geographical areas and continued margin improvement. The company expects sales growth of 0–4% at comparable exchange rates for 2024, with an adjusted EBIT margin between 11.5% and 12.2%. This is a slight adjustment from previous expectations. The report noted high growth in Service and Modernization orders, while the New Building Solutions market in China faced significant challenges. CEO Philippe Delorme emphasized the company's focus on Service and Modernization, which showed strong performance. Despite a challenging property market in China, KONE improved its profitability for the sixth consecutive quarter. The operating environment showed regional differences, with a decline in the global New Building Solutions market but positive growth in Service and Modernization markets. The market outlook for 2024 anticipates stability in North America and Europe, growth in Asia-Pacific, Middle East, and Africa, and a decline in China. Press and analyst meetings are scheduled for July 19, 2024, with further details available on KONE’s website. KONE, a leader in the elevator and escalator industry, aims to improve urban life through its products and services.

On April 25, 2024, Antti Herlin, a member of the board at KONE Corporation, received a share-based incentive of 2006 shares. The transaction took place outside a trading venue. KONE Corporation is a global leader in the elevator and escalator industry, providing various solutions for building maintenance and modernization. The company had annual sales of EUR 11.0 billion in 2023 and employs over 60,000 people. Its class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.