KNEBVNasdaq HelsinkiSpecialty Industrial MachineryIFRS · EUR

KONE Oyj

KONE is a global leader in the elevator and escalator industry, headquartered in Espoo, Finland. The company specializes in the design, manufacture, and maintenance of elevators, escalators, and automatic building doors. KONE plays a crucial role in urban development by ensuring the smooth and safe movement of people in smart and sustainable buildings. With operations in nearly 70 countries, KONE serves a diverse range of customers worldwide, focusing on innovation and sustainability in urban mobility solutions.

Revenue11.2bn EUR
+1.3 %y/y
Operating profit (EBIT)1,336m EUR
+7.0 %y/y
EBIT margin11.9%
+0.6 ppy/y
Net income992m EUR
+3.2 %y/y
Free cash flow1,162m EUR
+7.5 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

0.02.55.07.510.012.5bn EUR2021: 10.5 bn EUR2021: EBIT 1.3 bn EUR20212022: 10.9 bn EUR2022: EBIT 1.0 bn EUR20222023: 11.0 bn EUR2023: EBIT 1.2 bn EUR20232024: 11.1 bn EUR2024: EBIT 1.2 bn EUR20242025: 11.2 bn EUR2025: EBIT 1.3 bn EUR2025TTM 2026: 11.4 bn EURTTM 2026: EBIT 1.0 bn EURTTM11.41.0
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
New Equipment40 %

Includes elevators and escalators for new buildings

Maintenance35 %

Services for maintaining existing equipment

Modernization25 %

Upgrades and updates for existing installations

Customers

KONE's customer base is diverse, including property developers, building owners, facility managers, and public sector organizations. The company serves both residential and commercial sectors, providing solutions that enhance building accessibility and efficiency. Customers choose KONE for its commitment to safety, reliability, and sustainability, as well as its innovative digital solutions that integrate with smart building technologies. KONE's extensive service network ensures timely maintenance and support, which is critical for customer satisfaction and operational continuity.

Property Developers

Purchase new elevators and escalators for projects

Building Owners

Invest in modernization and maintenance for existing equipment

Public Sector

Require escalators and autowalks for public infrastructure

Strategy

KONE's strategic priorities focus on expanding its service and modernization businesses, which now account for over 60% of revenue. The company is accelerating digitalization efforts to enhance maintenance services and customer experience. KONE aims to lead in sustainable urban development by offering energy-efficient solutions and reducing carbon emissions. The company is also optimizing its procurement and sales operations to improve profitability and competitiveness in a challenging market environment.

Expand Service and ModernizationMedium term

To drive revenue growth and resilience

Accelerate DigitalizationShort term

To enhance customer experience and operational efficiency

Sustainable Urban DevelopmentLong term

To lead in energy efficiency and carbon reduction

Geography

Q2/2025

KONE operates in nearly 70 countries, with a significant presence in Europe, North America, and Asia-Pacific. The company has manufacturing facilities and service centers strategically located to support its global operations. China represents a key market, although it faces challenges due to economic conditions. KONE's geographic diversification helps mitigate risks associated with regional market fluctuations and supports its growth strategy by tapping into emerging markets.

Europe39 %
Americas24 %
China21 %
Asia Pacific, Middle East and Africa15 %

Share of the revenue the company reports by geography.

Risks

KONE faces several risks, including economic fluctuations impacting the construction industry, particularly in China. Geopolitical tensions and supply chain disruptions pose additional challenges. The competitive landscape in the elevator and escalator industry requires KONE to continuously innovate and adapt to changing customer needs. Financial risks include currency fluctuations and changes in local financial regulations, which can affect cash flow and profitability. KONE's risk management strategies aim to mitigate these exposures and ensure business continuity.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Economic Fluctuations in China1Geopolitical Tensions2Competitive Landscape3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Economic Fluctuations in ChinaImpact: CriticalLikelihood: High

    Affects demand for new equipment

  2. Geopolitical TensionsImpact: HighLikelihood: Medium

    Impact on global supply chains and market access

  3. Competitive LandscapeImpact: HighLikelihood: Medium

    Requires continuous innovation to maintain market share

Accounting

Judgemental items
Revenue Recognition

Impacts timing and amount of reported sales

Impact: Significant for long-term contracts

Currency Fluctuations

Affects financial results due to global operations

Impact: Material impact on profitability

Derivatives and Hedging

Used to manage foreign exchange risks

Impact: Affects balance sheet and cash flow

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

KONE Oyj (KNEBV) Revenue, Earnings & Financials 2025 – Clarifo