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
    FIN

    T: +358 204751

    E: [email protected]

    https://www.kone.com

  • Sector

    Industrials

    Stock type

    Sensitive

  • Industry

    Specialty Industrial Machinery

    Fiscal Year End

    31 December 2026

    Employees

    64,907

Stocks News & Analysis

stocks

ASX REIT downgraded following underwhelming exit

Discounted exit raises investor concerns.
stocks

Ahead of an IPO, the maths behind Databrick’s $190 billion valuation doesn’t add up

The data and AI company is one of the world’s strongest private companies, but a PitchBook report says it’s unattractive at the current price.
stocks

Takeover proposal agreed for ASX share, other offers permitted

Morningstar analysts’ take on the takeover for this undervalued industrial player.

Morningstar Investment Ideas

Markets

Index
Last price
Change
% Change
All Ordinaries8,919.103.60-0.04%
CAC 408,143.4978.470.97%
DAX 4025,605.62301.561.19%
Dow JONES (US)52,006.48323.840.63%
FTSE 10010,766.29107.161.01%
HKSE25,042.71291.931.18%
NASDAQ26,522.54104.250.39%
Nikkei 22565,018.95882.701.38%
NZX 50 Index13,821.2082.060.60%
S&P 5007,696.1845.680.60%
S&P/ASX 2008,731.900.700.01%
SSE Composite Index3,949.9138.040.97%

Market Movers