KONE Corporation (KONE) manufactures elevators and escalators. The company’s products include elevators, escalators, automatic building doors, and monitoring and access control systems, besides solutions for modernization and maintenance that add value to buildings. It also provides various services for every phase of a building’s lifecycle such as design, construction, maintenance and modernization. KONE also supplies spare parts for elevators, escalators and other equipment. The company’s customer base includes hotels; leisure facilities; public spaces; residential, office and specialized buildings; airports; railway stations; shopping centers; medical facilities; supermarkets; and department stores. It has operations in Europe, the Middle East, Africa, Asia-Pacific and Americas. KONE is headquartered in Espoo, Helsinki, Finland.
Headquarters
Finland
Address
Keilasatama 3, Pl 7, Espoo, 02150
Website
www.kone.com
Telephone
358204751
No of Employees
63,378
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
KNEBV (HEL)
Revenue (2022)
$12.4B
5.8%
(2022 vs 2021)
Net Income (2022)
XXX
8%
(2022 vs 2021)
Market Cap*
$25.9B
Net Profit Margin (2022)
XXX
2.1%
(2022 vs 2021)
* As of and is in US$
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Products and Services
| Products | Services |
|---|---|
| Elevators | Designing |
| Escalators | Construction |
| Autowalks | Maintenance |
| XXX | XXX |
| XXX | XXX |
| XXX | XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Contracts/Agreements | In November, the company won an order to supply a suite of People Flow solutions, including 28 KONE elevators and 228 KONE escalators, for a metro line in Chongqing, China. |
| 2022 | Contracts/Agreements | In September, the company won an order to supply a suite of People Flow solutions, including 40 elevators and 104 escalators, for a new metro line in Xian, China. |
| 2022 | Contracts/Agreements | In June, the company agreed to sell its business in Russia to local management. |
Competitor Comparison
| Key Parameters | KONE Corporation | ThyssenKrupp AG | Otis Worldwide Corp | Schindler Holding Ltd | Cargotec Oyj |
|---|---|---|---|---|---|
| Headquarters | Finland | Germany | United States of America | Switzerland | Finland |
| City | Espoo | Essen | Farmington | Hergiswil | Helsinki |
| State/Province | - | - | Connecticut | - | - |
| No. of Employees | 63,378 | 97,152 | 70,000 | 69,951 | 11,525 |
| 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 | 66 |
| Henrik Ehrnrooth | Chief Executive Officer; President | Senior Management | 2014 | 53 |
| Ilkka Hara | Chief Financial Officer; Interim Leader - South Europe and Mediterranean Region | Senior Management | 2016 | 47 |
| Maciej Kranz | Chief Technology Officer | Senior Management | 2019 | 58 |
| Tricia Weener | Executive Vice President - Marketing and Communications; Chief Marketing Officer | Senior Management | 2021 | 52 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
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