KONE Oyj Class B
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Philippe Delorme
- Full Time Employees
- 64,978
- Sector
- Producer manufacturing
- Industry
- Building products
- Address
- Keilasatama 3 Espoo UU Finland 02150
- IPO Date
- Jun 1, 2005
- Website
- kone.com
- Similar Companies
- Business
- KONE Oyj is a Finnish multinational company primarily engaged in the development, manufacturing, installation, maintenance, and modernization of elevators, escalators, and automatic building doors. Its core product portfolio includes passenger elevators, goods elevators, escalators, autowalks (moving walkways), and automatic doors with integrated monitoring, access control, and destination control systems. The company offers innovative and eco-efficient solutions designed for various building types, from low- and mid-rise structures to the world's tallest skyscrapers, with a focus on optimizing People Flow® in new and existing buildings. KONE also provides extensive maintenance and modernization services for its installed base, which exceeded 1.7 million units in 2024, serving close to 600,000 customers globally. It operates manufacturing units in seven countries and has a comprehensive logistics and supply chain network supporting operations in nearly 70 countries worldwide. Founded in 1910 and headquartered in Espoo, Finland, KONE moves approximately two billion people daily through its equipment and services. Recent major changes at KONE include a strategic renewal of its operating model announced in late 2025, aimed at strengthening market position and increasing growth and profitability by empowering geographic areas with greater commercial strategy accountability and streamlining global functions. This shift supports adapting to local market conditions with enhanced flexibility, supported by global product and service platforms. In 2024, the company reported sales of approximately EUR 11 billion, with new equipment orders of around 159,000 units. It has focused on accelerating digital transformation in service offerings, expanding modernization activities, gaining leadership in the residential segment, and cutting carbon emissions as part of its 2025–2030 strategic agenda. Additionally, KONE has targeted annual cost savings of around EUR 100 million through restructuring measures initiated in 2023, including workforce reductions. It continues to invest in sustainable innovations such as the KONE DX Class elevators and the high-rise UltraRope technology to meet green building requirements and future vertical transportation needs. KONE operates primarily in the elevator and escalator industry, competing globally with a service-based business model that emphasizes recurring maintenance and modernization revenues. It targets commercial, residential, and infrastructure markets worldwide. The company holds a leading position in innovation and sustainability in its sector, underpinned by its extensive global footprint, strategic partnerships, and continued investment in digital and eco-efficient technologies. It employs over 60,000 personnel globally, maintaining a strong presence through subsidiaries and authorized distributors in close to 100 countries. KONE is publicly listed with ticker symbol KNEBV.HE and maintains a solid financial foundation consistent with its growth and profitability targets.
Company News
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