KONE Corp - Company Profile
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KONE Corporation (KONE) is a global leader in the elevator and escalator industry. The company focuses on providing safe, convenient, and reliable people flow solutions. Its major products include elevators, escalators, autowalks, and automatic building doors, along with monitoring, access, and destination control systems. KONE's products serve a wide range of customers, including builders, building owners, facility managers, developers, architects, authorities, and consultants, across various industries. KONE also supplies spare parts for elevators, escalators, and other equipment. The company operates through a worldwide network of agents and authorized distributors. KONE has a presence in numerous countries, targeting urban environments globally. KONE is headquartered in Espoo, Finland.
Headquarters
Finland
Address
Keilasatama 3, Pl 7, Espoo, 02150
Website
www.kone.com
Telephone
358 2 04751
No of Employees
64,663
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
KNEBV (HEL)
Revenue (2024)
$12.7B
1.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
2.8%
(2024 vs 2023)
Market Cap*
$26.8B
Net Profit Margin (2023)
XYZ
1.4%
(2024 vs 2023)
* As of and is in US$
KONE Corp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Elevators | Designing | Monospace |
| Escalators | Maintenance | Ecodisc |
| Monitoring | Modernization | Minispace |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In July, the company secured an order to offer people flow solutions for 75 London Wall, a major office redevelopment project in London, the UK. |
| 2026 | Spin-off | In June, the company spun out VAELLA, an independent company developing an AI operator for buildings and public infrastructure. |
| 2026 | Plans/Strategy | In April, the company announced plans to acquire TK Elevator GmbH. |
Competitor Comparison
| Key Parameters | KONE Corp | Mitsubishi Electric Corp | ThyssenKrupp AG | Otis Worldwide Corp | Schindler Holding Ltd |
|---|---|---|---|---|---|
| Headquarters | Finland | Japan | Germany | United States of America | Switzerland |
| City | Espoo | Chiyoda-Ku | Essen | Farmington | Hergiswil |
| State/Province | - | Tokyo | Nordrhein-Westfalen | Connecticut | Nidwalden |
| No. of Employees | 64,663 | 150,386 | 90,916 | 72,000 | 67,381 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Antti Herlin | Chairman | Executive Board | 2003 | 70 |
| Jussi Herlin | Vice Chairman | Executive Board | 2012 | 42 |
| Philippe Delorme | President; Chief Executive Officer | Senior Management | 2024 | 55 |
| Ilkka Hara | Chief Financial Officer | Senior Management | 2016 | 51 |
| Mikko Korte | Executive Vice President - Supply Chain | Senior Management | 2016 | 58 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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