KONE Oyj Class B

KNEBV: XHEL (FIN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Kone Earnings: Modernization and Service Motors Ahead; China Remains a Drag

Joachim Kotze

Jul 18, 2025

Kone reported a decent, but softening, set of second-quarter 2025 results with 3% and 5% organic order and sales growth, respectively, while EBIT margins expanded slightly to 12.2%. In its 2025 outlook, the company expects top-line growth between 2% and 5% and midpoint EBIT margin of 12.1%.

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KONE Oyj Class B

Kone Earnings: Modernization and Service Motors Ahead; China Remains a Drag

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