KONE Oyj
1KNEBV
Company Profile
Business description
Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to closest competitors Otis, Schindler, and TK Elevator.
Contact
Keilasatama 3
P.O. Box 7
Espoo02150
FINT: +358 204751
Sector
Industrials
Stock type
Sensitive
Industry
Specialty Industrial Machinery
Fiscal Year End
31 December 2026
Employees
60,000
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