KONE Oyj Class B

KNEBV: XHEL (FIN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	Z&	LOCK\|S$>	LOCK\|qZ&@FN

Kone Earnings: Service Mix Drives Margin Expansion Despite China Weakness

Joachim Kotze

Oct 28, 2026

Kone's third-quarter sales grew 3.8% at comparable currencies, while adjusted EBIT rose 8.3% and margin expanded 40 basis points to 12.7%. Modernization orders grew 10%, offsetting weakness in Chinese new equipment.

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KONE Oyj Class B

Kone Earnings: Service Mix Drives Margin Expansion Despite China Weakness

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