Economic Fluctuations in China
Affects demand for new equipment
- Materiality
- high
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.
65.0k
1.06
0.78
| % | |
|---|---|
| New Equipment | 40% Includes elevators and escalators for new buildings |
| Maintenance | 35% Services for maintaining existing equipment |
| Modernization | 25% Upgrades and updates for existing installations |
KONE's customer base is diverse, including property developers, building owners, facility managers, and public sector...
- Property Developersprimary
Purchase new elevators and escalators for projects
- Building Ownersprimary
Invest in modernization and maintenance for existing equipment
- Public Sectorsecondary
Require escalators and autowalks for public infrastructure
KONE operates in nearly 70 countries, with a significant presence in Europe, North America, and Asia-Pacific...
- •Headquartered in Espoo, Finland, with global operations
- •Strong presence in Europe, North America, and Asia-Pacific
- •Manufacturing facilities and service centers worldwide
- •Significant market presence in China despite economic challenges
- •Geographic diversification supports growth and risk mitigation
KONE's strategic priorities focus on expanding its service and modernization businesses, which now account for over 60%...
01
Expand Service and Modernizationmedium-term
To drive revenue growth and resilience
02
Accelerate Digitalizationshort-term
To enhance customer experience and operational efficiency
03
Sustainable Urban Developmentlong-term
To lead in energy efficiency and carbon reduction
KONE faces several risks, including economic fluctuations impacting the construction industry, particularly in China...
Geopolitical Tensions
Impact on global supply chains and market access
- Materiality
- high
Competitive Landscape
Requires continuous innovation to maintain market share
- Materiality
- medium
Revenue Recognition
Significant for long-term contracts
Currency Fluctuations
Material impact on profitability
Derivatives and Hedging
Affects balance sheet and cash flow
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: 11/08/2026