Previous outlooks 

April 20, 2011 based on KONE's  Interim Report - January-March 2011

• Market outlook 2011

The new equipment markets in Asia-Pacific are expected to continue to develop positively. The recovery of the new equipment markets in Central and North Europe is expected to continue in most countries, whereas most markets in South Europe are expected to be relatively stable at the current low level. The new equipment markets in North America are expected to recover modestly. The modernization markets are expected to be at about last year’s level. The maintenance markets are expected to continue to develop well.

• Outlook 2011

KONE’s net sales is estimated to grow 0–5% at comparable exchange rates as compared to 2010. The operating income (EBIT) is expected to be in the range of EUR 700–750 million, assuming that translation exchange rates do not deviate materially from the situation of the beginning of 2011.

 January 26, 2011 based on KONE's  Financial Statements 2010

• Market outlook 2011
  The new equipment markets in Asia-Pacific are expected to continue to develop positively, although with certain regional differences. The recovery of the new equipment markets in Central and North Europe is expected to continue in most countries, whereas most markets in South Europe are expected to be relatively stable at the current low level. The new equipment markets in the North America are expected to recover modestly. The modernization markets are expected to be at about last year’s level. The maintenance markets are expected to continue to develop well.
• Outlook 2011
  KONE’s net sales is estimated to grow 0–5% at comparable exchange rates as compared to 2010. The operating income (EBIT) is expected to be in the range of EUR 700–750 million, assuming that translation exchange rates do not deviate materially from the situation of the beginning of 2011.

October 19, 2010 based on KONE's  Interim Report January-September 2010

• Market outlook
  KONE specifies its market outlook for 2010. The new equipment markets in Asia-Pacific are expected to continue to grow, albeit at a lower rate than during the first half of the year. In Central and North Europe, the positive development in residential construction is expected to continue in most countries, while the markets in South Europe are stabilizing at a low level. The new equipment market in North America has stabilized at a low level. The development of the markets in South Europe and North America remains uncertain and their recovery is expected to be slow. The modernization markets are expected to be at about last year’s level. The maintenance markets are expected to continue to develop well, but remain very competitive.
• Outlook
  KONE upgrades its outlook for 2010 due to strong sales growth in particular in the Asia-Pacific region as well as improved overall productivity.
  KONE’s net sales is estimated to grow 2–6% compared to 2009.
  The operating income (EBIT) is expected to be in the range of EUR 660–690 million.

July 20, 2010 based on KONE's  Interim Report January-June 2010

• Market outlook
  KONE specifies its market outlook for 2010. The new equipment markets in Asia-Pacific are expected to continue to grow, albeit at a lower rate than during the first half of the year. In EMEA and North America, the markets have started to stabilize, but the market environment remains uncertain and recovery is expected to be slow. The modernization markets are expected to be at about last year’s level. The maintenance markets are expected to continue to develop well, but remain very competitive.
• Outlook
  KONE upgrades its outlook for 2010 due to strong orders received in the Asia-Pacific region and favorable movements in translation exchange rates.
  KONE’s net sales is estimated to be at approximately the same level as in 2009.
  The operating income (EBIT) is estimated to be in the range of EUR 630–660 million.
  

April 20, 2010 based on KONE's  Interim Report January-March 2010

• Market outlook
  The good development is expected to expand in the new equipment market in the Asia-Pacific region. In EMEA and North America, the market will continue to decline in most countries, however stabilization is expected towards the end of the year. The modernization market will be at about last year’s level. The maintenance market will continue to develop well, but remain very competitive.
• Outlook
  KONE’s net sales is estimated to decline by 0–5% compared to 2009.
  The operating income (EBIT) is expected to be in the range of EUR 580–620 million. 

January 26, 2010 based on KONE's  Financial Statements 2009

• Market outlook
  The good development is expected to expand in the new equipment market in the Asia-Pacific region. In EMEA and North America, the market will continue to decline in most countries, however stabilization is expected towards the end of the year. The modernization market will be at about last year’s level. The maintenance market will continue to develop well, but remain very competitive.
• Outlook
  KONE’s net sales is estimated to decline approximately 5% at comparable exchange rates.
  The operating income (EBIT) is expected to be in the range of EUR 560–610 million.

October 20, 2009 based on KONE's  Interim Report January-September 2009

• Market outlook
  During the last quarter of 2009, the maintenance market will continue to develop well. The modernization market will be at about last year’s level. The new equipment market will remain weak but the rate of decline will decrease.
• Outlook
  KONE further specifies its operating income outlook for 2009. KONE’s objective in net sales is to grow 2–5% as compared to net sales in 2008. In operating income (EBIT), the objective is EUR 580–595 million, excluding the one-time cost of EUR 33.6 million.

July 21, 2009 based on KONE's  Interim Report January-June 2009

• Market outlook
  In 2009, the maintenance market will continue to develop well. The modernization market will be at about last year’s level. The rate of decline will decrease in the new equipment
  market.
• Outlook
  KONE further specifi es its outlook for 2009. KONE’s objective in net sales is to grow 2–5% as compared to net sales in 2008. In operating income (EBIT), the objective is EUR 570–
  595 million excluding the one-time cost of EUR 33.6 million.

April 23, 2009 based on KONE's  Interim Report January-March, 2009

• Market outlook
  In 2009, the new equipment market will continue to decline because of the weakening global economy. Modernizationwill be less impacted. The maintenance market will continue to develop well.
• Outlook
  In 2009, KONE’s objective in net sales is to reach a growth of 5 percent or at least approximately the net sales level of 2008. In operating income (EBIT), the objective is to reach a growth of 5 percent or at least approximately the operating income level of 2008.

January 23, 2009 based on KONE's   Financial Statements 2008

• Market outlook
  In 2009, the new equipment market will continue to decline because of the weakening global economy. Modernization will be less impacted. The maintenance market will continue to develop well.
• Outlook
  In 2009, KONE’s objective in net sales is to reach a growth of 5 percent or at least approximately the net sales level of 2008. In operating income (EBIT), the objective is to reach a growth of 5 percent or at least approximately the operating income level of 2008.

October 21, 2008 based on KONE's  Interim Report January-September, 2008

• Market outlook
  We estimate that the demand for new equipment will further decline in many markets during the final quarter of 2008, whilst the modernization and maintenance markets will grow. We believe that KONE has opportunities to reach a higher growth in orders received during Q4 than in Q3 2008, provided that the global financial markets will continue to function.
• Outlook
  KONE reiterates its outlook given on July 22, 2008. KONE´s target for 2008 is to achieve, at comparable exchange rates, a growth of more than 10% in net sales, compared to 2007. The operating income (EBIT) target is to achieve a growth close to 20% compared to the 2007 figure of EUR 473 million. This corresponds to an operating income (EBIT) margin of at least 12.0%.

July 22, 2008 based on KONE's  Interim Report January-June, 2008

• We estimate that the market continues to provide favorable opportunities for KONE to continue to grow in 2008 although market growth is weaker this year than in 2007, due to the weakened economic outlook.
• KONE´s target for 2008 is to achieve, at comparable exchange rates, a growth of more than 10% in net sales, compared to 2007. The operating income (EBIT) target is to achieve a growth close to 20% compared to the 2007 figure of EUR 473 million. This corresponds to an operating income (EBIT) margin of at least 12.0%.

April 22, 2008 based on KONE's  Interim Report January-March, 2008

• We estimate that the market will continue to create favorable opportunities for KONE to grow in 2008 although market growth will not be equally strong in all markets this year as in 2007, due to the weakened economic outlook.
• KONE´s target for 2008 is to achieve, at comparable exchange rates, a growth of about 10% in net sales, compared to 2007. The operating income (EBIT) target is to achieve a growth close to 20% compared to the 2007 figure of EUR 473 million. This corresponds to an operating income (EBIT) margin of at least 12.0%.
  

January 25, 2008 based on KONE's   Financial Statement Bulletin 2007

• We estimate that the market will continue to create favorable opportunities for KONE to continue to grow in 2008 although market growth will not be equally strong in all markets this year as in 2007, due to the weakened economic outlook.
• KONE’s target for 2008 is to achieve, at comparable exchange rates, a growth of about 10 percent in net sales, compared to 2007. The operating income (EBIT) target is to achieve a growth close to 20 percent compared to the 2007 figure of EUR 473 million. This corresponds to an operating income (EBIT) margin of at least 12.0 percent.
  

July 20, 2007 based on KONE's  Interim Report January-June 2007

KONE’s target for 2007 is to achieve a growth of 10 to 15 percent in net sales, calculated at comparable exchange rates, compared to 2006. The operating income (EBIT) target is to achieve growth of 25 to 30 percent from the comparable 2006 figure of EUR 360 million. This target excludes the EUR 142.0 million fine for the European Commission’s decision. In 2008, KONE’s objective is to achieve an operating income (EBIT) margin of about 12 percent.

April 24, 2007 based on KONE's  Interim Report January-March, 2007

KONE reiterates its outlook for 2007 and 2008 excluding the provision of EUR 142.0 million. We estimate that market growth will not be as strong in all markets this year as in 2006. This will be the case especially in North America and Southern Europe. However, the market development in e.g. Asia-Pacific will continue to be strong. KONE’s target for 2007 is to achieve an approximate 10 percent growth in net sales, calculated at comparable exchange rates, compared to 2006. The operating income (EBIT) target is to achieve growth of approximately 20 percent from the comparable 2006 figure of EUR 360 million excluding the EUR 142.0 million provision for the European Commission’s fine decision. In 2008, KONE’s objective is to achieve an operating income (EBIT) margin of about 12 percent.

January 26, 2007 based on KONE's  Pro forma Report January-December 2006

We estimate that market growth will not be equally strong in all markets this year as in 2006. This will be the case especially in North America and Southern Europe. However, market development in e.g. Asia-Pacific will continue to be strong. KONE’s target for 2007 is to achieve an approximate 10 percent increase in net sales, calculated at comparable exchange rates, compared to 2006. The operating income (EBIT) target is to achieve growth of approximately 20 percent from the comparable 2006 figure of EUR 360 million. In 2008, KONE’s objective is to achieve an about 12 percent operating income (EBIT) margin.