KONE Oyj Class B

KNEBV: XHEL (FIN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Kone Earnings: Modernization Orders Surge; Shares Undervalued

Joachim Kotze

Jul 22, 2026

Kone delivered a solid set of second-quarter 2026 results. Comparable sales grew 3.4%, adjusted EBIT margin increased 40 basis points to 12.6%, and orders rose 10.9% on a comparable basis. Full-year guidance remains unchanged, and the TK Elevator deal is progressing as expected.

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KONE Oyj Class B

Kone Earnings: Modernization Orders Surge; Shares Undervalued

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