Kone stock reports 3.4 percent sales growth as guidance holds

Published on 09/29/2026 at 09:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kone stock's Q2 orders rose 10.9 percent and adjusted EBIT reached EUR 370 million on July 22, 2026. The Helsinki quote was EUR 51.76 on September 29.

Gläserne Aufzugskabine in modernem Bürohochhaus mit Blick auf mehrere Stockwerke — Kone Oyj (ISIN FI0009013403) fertigt Aufzüge, die moderne Bürogebäude mit gläsernen Atrien erschließen weltweit, Illustration mit AI erstellt.

Kone (FI0009013403) was trading at EUR 51.76 on Nasdaq Helsinki on September 29, 2026, up EUR 0.04 or 0.08 percent from the previous close. The company entered the session with Q2 orders up 10.9 percent and adjusted EBIT of EUR 370 million, keeping operational execution at the center of the investment case.

Q2 orders lead the picture

KONE published its Q2 2026 results on July 22, 2026. The report showed quarterly revenue of EUR 2.94 billion, compared with EUR 2.85 billion a year earlier, a 3.16 percent increase, while net profit fell to EUR 238 million from EUR 273.7 million.

According to the Yahoo Finance transcript for Q2 2026, comparable sales increased 3.4 percent and service sales grew 5.6 percent, while modernization sales rose 6.7 percent. Orders therefore grew faster than sales, giving Kone a stronger forward workload than the headline revenue number alone suggests.

Guidance meets China risk

Management maintained its full-year guidance for comparable sales growth of 3 percent to 6 percent and an adjusted EBIT margin of 12.3 percent to 13 percent. The same transcript identified challenging Chinese new-building conditions and wage inflation as headwinds, while service and modernization remained the main growth supports.

The planned combination with TK Elevator also remains part of the operating context. Management reiterated a EUR 700 million cost-synergy target in the Q2 discussion, tying the transaction to a potential efficiency benefit rather than treating it as a purely strategic announcement.

Kone stock trades at EUR 51.76

Kone stock was last quoted at EUR 51.76 on September 29, 2026, at 10:55 a.m. EEST, with a session range of EUR 51.54 to EUR 51.90. Its 52-week range stood at EUR 46.22 to EUR 64.42, and its market capitalization was EUR 26.8 billion.