Company presentation
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization, which add value to the life cycle of any building. Through more effective People Flow®, we make people’s journeys safe, convenient and reliable, in taller, smarter buildings. Together with our partners and customers around the world, we help cities to become better places to live in. In 2023, KONE had annual sales of EUR 11.0 billion, and at the end of the year over 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
Key Figures (MEUR) 1-12/2023 1-12/2022 1-12/2021
Orders received 8,577.7 9,131.3 8,852.8
Order book 8,715.7 9,026.1 8,564.0
Sales 10,952.3 10,906.7 10,514.1
Operating income (EBIT) 1,200.1 1,031.2 1,295.3
Operating income margin (EBIT margin), % 11.0 9.5 12.3
Adjusted EBIT* 1,248.4 1,076.6 1,309.8
Adjusted EBIT margin* (%) 11.4 9.9 12.5
Income before tax 1,206.1 1,028.4 1,320.8
Net income 931.6 784.5 1,022.7
Basic earnings per share (EUR) 1.79 1.50 1.96
Cash flow from operations (before financing items and taxes) 1,485.2 754.7 1,828.7
Interest-bearing net debt -1,013.4 -1,309.0 -2,164.1
Equity ratio (%) 40.9 40.3 41.2
Return on equity (%) 33.0 25.9 32.0
Net working capital (including financing items and taxes) -861.2 -903.9 -1,468.2
Gearing (%) -36.4 -45.7 -67.6

* KONE presents adjusted EBIT as an alternative performance measure to enhance comparability of business performance between reporting periods.

Market NASDAQ Helsinki
Symbol KNEBV
ISIN FI0009013403
Industry Industrial Goods & Services
Share Data
Share data
10/05/2024
Currency EUR
Previous Close 49.31
Change (%) 2.73
Volume 744,223
Number of shares 453,187,148
Market Cap (EUR) 22.35 bn
Major shareholders 31/03/2024
A-SHARES B-SHARES TOTAL SHARES
1 Herlin Antti
70,561,608
53,060,154
123,621,762
2 Polttina Oy
N/A
17,271,928
17,271,928
3 Wipunen Varainhallinta Oy
N/A
16,350,000
16,350,000
4 KONE Foundation
5,647,104
9,859,632
15,506,736
5 KONE Oyj
N/A
11,878,257
11,878,257
Key propositions of KONE as an investment
• Operating in a global growth industry, where growth is supported by three strong megatrends
• Life-cycle business model with high share of stable service revenue
• Global leader with wide geographic coverage and strong position in the key growth markets
• Capital-light and cash-generative business model
• Driving competitiveness through customer centricity, innovation and productivity