China is both a threat and an opportunity to KONE. China has the world's largest elevator and escalator market. Shifting market potential from new equipment sales to maintenance. For over a year, ...

STOCKHOLM (Reuters) - Elevator maker Kone (KNEBV.HE) said on Thursday its order bookings in China were growing again, though it still faced price pressures in the world's biggest elevator market. Soft ...

Kone outlined its newly minted group strategy—for the approaching six-year period of 2025-30—at its 2024 capital markets day. Kone’s refreshed strategy strikes us as sensible in light of key changes ...

Kone’s KNEBV sales came in at EUR 2.55 billion in the first quarter of 2023, a 5.9% organic and 4.7% reported increase. Orders received declined by 5.1% organically year on year, as the macroeconomic ...

HELSINKI (Reuters) – Kone <KNEBV.HE> reported a smaller than expected 10% fall in first-quarter profit on Wednesday, with demand for its elevators and services strong in many countries despite the ...

KONE operates in a global elevator and escalator market with an installed base of approximately 25 million units growing at low single digits. The company identified significant opportunities in both ...

Kone's Q3 financial results looked solid, with nice improvements in profitability. Looking at the different business segments of Kone reveals a picture of a company moving at two different velocities.

At a time of uncertainty among investors and business leaders about China’s growth prospects, Finnish elevator giant Kone’s country chief has his own time-tested approach to sizing up the future of ...

Q2 order intake down 12.8% to 2.28 billion euros Analysts had on average forecast 2.42 billion Expects China new equipment orders to decline 10%-15% this year Shares down 4% July 20 (Reuters) - ...

HELSINKI, July 14 (Reuters) - Elevator maker Kone KNEBV.HE on Thursday lowered its sales and profit outlook for this year due to lower-than-expected second quarter sales and weakened new equipment ...

Finland's Kone reported an expected rise in third-quarter profit on Thursday, mainly due to demand for elevators and escalators picking up in China. HELSINKI, Oct 22 (Reuters) - Finland's Kone ...

(Reuters) - Finland-based engineering firm Kone reported a surprise rise in second-quarter profit on Friday helped by recovering demand for elevators and escalators in China. Kone's operating profit ...