Outlook

January 26, 2017. Based on KONE's 2016 Financial Statement Bulletin

Market outlook 2017

In new equipment, the market in China is expected to decline by 0–5% in units ordered and also the competition to continue intense. In the rest of Asia-Pacific, the market is expected to grow. The market in North America and Europe, Middle East and Africa region is expected to grow slightly.

The modernization market is expected to grow slightly in Europe and in North America, and to develop strongly in Asia-Pacific.

Maintenance markets are expected to see the strongest growth rate in Asia-Pacific, and to grow slightly also in other regions.

Business outlook 2017

KONE’s net sales is estimated to grow by -1% to 3% at comparable exchange rates as compared to 2016.

The operating income (EBIT) is expected to be in the range of EUR 1,180–1,300 million, assuming that translation exchange rates would remain at approximately the average level of January 2017.

  • October 26, 2016. Based on KONE's Q3 Interim Report

    Market outlook 2016

    In new equipment, the market in China is expected to decline by approximately 5% in units ordered. Competition is expected to continue intense. In the rest of Asia-Pacific and in North America, the market is expected to see some growth. Also the market in Europe, Middle East and Africa region is expected to grow slightly with slight growth in Europe and a more stable development in the Middle East.

    The modernization market is expected to grow slightly in Europe, to continue to grow in North America, and to develop strongly in Asia-Pacific.

    Maintenance markets are expected to see the strongest growth rate in Asia-Pacific, and to develop rather well also in other regions.

    Business outlook 2016

    KONE’s net sales is estimated to grow by 3–5% at comparable exchange rates as compared to 2015.

    The operating income (EBIT) is expected to be in the range of EUR 1,260–1,320 million, assuming that translation exchange rates would remain at approximately the average level of January-September 2016.

    July 19, 2016. Based on KONE's Q2 Interim Report

    Market outlook 2016

    In new equipment, the market in China is expected to decline by 5–10% in units ordered and also the price competition to continue intense. In the rest of Asia-Pacific and in North America, the market is expected to see some growth. Also the market in Europe, Middle East and Africa region is expected to grow slightly with growth in Central and North Europe and a more stable development in South Europe and the Middle East.

    The modernization market is expected to grow slightly in Europe, to continue to grow in North America, and to develop strongly in Asia-Pacific.

    Maintenance markets are expected to see the strongest growth rate in Asia-Pacific, and to develop rather well also in other regions.

    Business outlook 2016

    KONE’s net sales is estimated to grow by 2–6% at comparable exchange rates as compared to 2015.

    The operating income (EBIT) is expected to be in the range of EUR 1,250–1,330 million, assuming that translation exchange rates would remain at approximately the average level of January-June 2016.

    April 22, 2016. Based on KONE's Q1 Interim Report

    Market outlook 2016

    In new equipment, the market in China is expected to decline by 5–10% in units ordered and also the price competition to continue intense. In the rest of Asia-Pacific and in North America, the market is expected to see some growth. Also the market in Europe, Middle East and Africa region is expected to grow slightly with growth in Central and North Europe and a more stable development in South Europe and the Middle East.

    The modernization market is expected to grow slightly in Europe, to continue to grow in North America, and to develop strongly in Asia-Pacific.

    Maintenance markets are expected to see the strongest growth rate in Asia-Pacific, and to develop rather well also in other regions.

    Business outlook 2016

    KONE’s net sales is estimated to grow by 2–6% at comparable exchange rates as compared to 2015.

    The operating income (EBIT) is expected to be in the range of EUR 1,220–1,320 million, assuming that translation exchange rates would remain at approximately the average level of January-March 2016.


    January 28, 2016. Based on KONE's Financial Statements Bulletin 2015

    Market outlook 2016

    In new equipment, the market in China is expected to decline by 5–10% in units ordered and also the price competition to continue intense. In the rest of Asia-Pacific and in North America, the market is expected to see some growth. Also the market in Europe, Middle East and Africa region is expected to grow slightly with growth in Central and North Europe and a more stable development in South Europe and the Middle East.

    The modernization market is expected to grow slightly in Europe, to continue to grow in North America, and to develop strongly in Asia-Pacific.

    Maintenance markets are expected to see the strongest growth rate in Asia-Pacific, and to develop rather well also in other regions.

    Business outlook 2016

    KONE’s net sales is estimated to grow by 2–6% at comparable exchange rates as compared to 2015.

    The operating income (EBIT) is expected to be in the range of EUR 1,220–1,320 million, assuming that translation exchange rates would remain at approximately the average level of January 2016.

  • October 22, 2015. Based on KONE's Q3 Interim Report

    Market outlook 2015
    In new equipment, the market in Asia-Pacific is expected to slightly decline in 2015, due to a slight decline in China. In the Europe, Middle East and Africa region, the market is expected to grow slightly. In Central and North Europe, the market is expected to grow slightly, and the market in South Europe to continue to gradually recover. In the Middle East, the market is expected to see some growth. The market in North America is expected to continue to grow.

    The modernization market is expected to remain rather stable in Europe, but to continue to grow in North America and Asia-Pacific. This is expected to result in a rather stable or slightly growing market globally.

    The maintenance markets are expected to develop rather well in most countries.

    Business outlook 2015
    KONE specifies its business outlook for 2015.

    KONE’s net sales is estimated to grow by 6–8% at comparable exchange rates as compared to 2014.

    The operating income (EBIT) is expected to be in the range of EUR 1,200–1,250 million, assuming that translation exchange rates would remain at approximately the average level of January–September 2015.


    July 17, 2015 based on KONE's Q2 Interim Report

    Market outlook 2015
    In new equipment, the market in Asia-Pacific is expected to be rather stable in 2015. The market in China is expected to remain at the good level of 2014 or slightly decline. In the Europe, Middle East and Africa region, the market is expected to grow slightly. In Central and North Europe, the market is expected to be stable or grow slightly, and the market in South Europe to start recovering. In the Middle East, the market is expected to see some growth. The market in North America is expected to continue to grow.

    The modernization market is expected to remain rather stable in Europe, but to continue to grow in North America and Asia-Pacific. This is expected to result in a rather stable or slightly growing market globally.

    The maintenance markets are expected to develop rather well in most countries.

    Business outlook 2015
    KONE specifies its business outlook for 2015. KONE’s net sales is estimated to grow by 6–8% at comparable exchange rates as compared to 2014.The operating income (EBIT) is expected to be in the range of EUR 1,190–1,250 million, assuming that translation exchange rates would remain at approximately the average level of January–June 2015.


    April 22, 2015 based on KONE's Q1 Interim Report

    Market outlook 2015
    In new equipment, the market in Asia-Pacific is expected to grow slightly in 2015, with the expectation that the market in China will remain at the good level of 2014 or grow slightly. In the Europe, Middle East and Africa region, the market is expected to be rather stable. In Central and North Europe, the market is expected to be stable or grow slightly, while in South Europe it is expected to remain at a weak level. In the Middle East, the market is expected to be stable at the previous year’s level. The market in North America is expected to continue to grow.

    The modernization market is expected to remain rather stable in Europe, but to continue to grow in North America and Asia-Pacific. This is expected to result in a rather stable or slightly growing market globally.

    The maintenance markets are expected to develop rather well in most countries.

    Business outlook 2015
    KONE specifies its operating income outlook for 2015. KONE’s net sales is estimated to grow by 6–9% at comparable exchange rates as compared to 2014. The operating income (EBIT) is expected to be in the range of EUR 1,140–1,230 million, assuming that translation exchange rates would remain at approximately the average level of January–March 2015.


    January 29, 2015 based on KONE's Financial Statement Bulletin 2014

    Market outlook 2015
    In new equipment, the market in Asia-Pacific is expected to grow slightly in 2015, with the expectation that the market in China will remain at the good level of 2014 or grow slightly. In the Europe, Middle East and Africa region, the market is expected to be rather stable. In Central and North Europe, the market is expected to be stable or grow slightly, while in South Europe it is expected to remain at a weak level. In the Middle East, the market is expected to be stable at the previous year’s level. The market in North America is expected to continue to grow.

    The modernization market is expected to remain rather stable in Europe, but to continue to grow in North America and Asia-Pacific. This is expected to result in a rather stable or slightly growing market globally.

    The maintenance markets are expected to develop rather well in most countries.

    Business outlook 2015
    In 2015, KONE’s net sales is estimated to grow by 6–9% at comparable exchange rates as compared to 2014.

    The operating income (EBIT) is expected to be in the range of EUR 1,130–1,230 million, assuming that translation exchange rates would remain at approximately the average level of January 2015.

  • October 21, 2014 based on KONE's Interim Report for January-September 2014

    Market outlook 2014
    In new equipment, the market in Asia-Pacific is expected to grow clearly in 2014. The market in China is expected to grow by approximately 10%. The market in the EMEA region is expected to grow slightly. In Central and North Europe, the market is expected to remain stable or grow slightly, to further slightly decline in South Europe, and to grow in the Middle East. The market in North America is expected to continue to grow.

    The modernization market is expected to be rather stable or grow slightly.

    The maintenance markets are expected to develop rather well in most countries.

    Business outlook 2014
    KONE’s net sales is estimated to grow by 6–8% at comparable exchange rates as compared to 2013.

    The operating income (EBIT) is expected to be in the range of EUR 1,015–1,045 million.


    July 18, 2014 based on KONE's Interim Report for January-June 2014

    Market outlook 2014
    In new equipment, the market in Asia-Pacific is expected to grow clearly in 2014. The market in China is expected to grow by approximately 10%. The market in the EMEA region is expected to grow slightly, with slight growth in Central and North Europe, a further slight decline in South Europe, and a growing demand in the Middle East. The market in North America is expected to continue to grow.

    The modernization market is expected to grow slightly.

    The maintenance markets are expected to develop rather well in most countries.

    Business outlook 2014
    KONE’s net sales is estimated to grow by 6–9% at comparable exchange rates as compared to 2013.

    The operating income (EBIT) is expected to be in the range of EUR 1,000–1,050 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of 2014.


    April 23, 2014 based on KONE's Interim Report for January-March 2014

    Market outlook 2014
    In new equipment, the market in Asia-Pacific is expected to grow clearly in 2014. The market in China is expected to grow by approximately 10%. The market in the EMEA region is expected to grow slightly, with a relatively stable demand in Central and North Europe, a further slight decline in South Europe, and a growing demand in the Middle East. The market in North

    America is expected to continue to grow.

    The modernization market is expected to grow slightly.

    The maintenance markets are expected to develop rather well in most countries.

    Business outlook 2014
    KONE’s net sales is estimated to grow by 6–9% at comparable exchange rates as compared to 2013.

    The operating income (EBIT) is expected to be in the range of EUR 990–1,050 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of 2014.


    January 28, 2014 based on KONE's Interim Report for January-December 2013

    Market outlook 2014
    In new equipment, the market in Asia-Pacific is expected to grow clearly in 2014. The market in China is expected to grow by approximately 10%. The market in the EMEA region is expected to grow slightly, with a relatively stable demand in Central and North Europe, a further slight decline in South Europe, and a growing demand in the Middle East. The market in North America is expected to continue to grow.

    The modernization market is expected to grow slightly.

    The maintenance markets are expected to develop rather well in most countries.

    Business outlook 2014
    In 2014, KONE’s net sales is estimated to grow by 6–9% at comparable exchange rates as compared to 2013. The operating income (EBIT) is expected to be in the range of EUR 980–1,050 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of 2014.

  • October 22, 2013 based on KONE's Interim Report for January-September 2013

    Market outlook 2013
    In new equipment, the market in Asia-Pacific is expected to grow clearly in 2013. The new equipment market in China is expected to grow by 10-15% in 2013. The market in Central and North Europe is expected to decline, and the market in South Europe to further decline from an already weak level. The market in North America is expected to continue to grow.

    The modernization market is expected to be at about the same level as in 2012 or decline slightly.

    The maintenance market is expected to continue to develop rather well in most countries.

    Business outlook 2013
    KONE reiterates its business outlook, which was upgraded on September 11, 2013.

    KONE's net sales is estimated to grow by 11-14% at comparable exchange rates as compared to 2012.

    The operating income (EBIT) is expected to be in the range of EUR 920-955 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of September 2013.


    September 11, 2013 based on KONE's stock exchange release

    Market outlook 2013
    In new equipment, the market in Asia-Pacific is expected to grow clearly in 2013. The new equipment market in China is expected to grow by 10-15% in 2013. The market in Central and North Europe is expected to decline slightly, and the market in South Europe to further decline from an already weak level. The market in North America is expected to continue to grow.

    The modernization market is expected to be at about the same level as in 2012 or decline slightly.

    The maintenance market is expected to continue to develop rather well in most countries.

    Business outlook 2013
    KONE Corporation upgrades its sales and operating income (EBIT) outlook for the full year 2013. KONE now estimates its net sales to grow by 11-14% at comparable exchange rates as compared to 2012. The operating income (EBIT) is now expected to be in the range of EUR 920-955 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of September 2013.

    Previously KONE expected its net sales to grow by 9-11% at comparable exchange rates as compared to 2012. The operating income (EBIT) was expected to be in the range of EUR 890-920 million, assuming no material deviation in translation exchange rates from the situation of the beginning of 2013.

    The primary reason for the upgrades is the business impact of the improved liquidity situation in the Chinese economy, as a result of which KONE's new equipment deliveries in China have during the third quarter been stronger than expected and are expected to continue to be strong during the remainder of 2013. In addition, a better than expected productivity development in KONE's production network improves KONE's operating income (EBIT) outlook.


    July 19, 2013 based on KONE's Interim Report January-June 2013

    Market outlook 2013
    In new equipment, the market in Asia-Pacific is expected to grow clearly in 2013. The new equipment market in China is expected to grow by 10-15% in 2013. The market in Central and North Europe is expected to decline slightly, and the market in South Europe to further decline from an already weak level. The market in North America is expected to continue to grow.

    The modernization market is expected to be at about the same level as in 2012 or decline slightly.

    The maintenance market is expected to continue to develop rather well in most countries.

    Business outlook 2013
    KONE specifies its outlook for 2013.

    KONE's net sales is estimated to grow by 9-11% at comparable exchange rates as compared to 2012.

    The operating income (EBIT) is expected to be in the range of EUR 890-920 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of 2013.


    April 23, 2013 based on KONE's Interim Report January-March 2013

    Market outlook 2013
    In new equipment, the market in Asia-Pacific is expected to grow clearly in 2013. The new equipment market in China is expected to grow by approximately 10% in 2013. The market in Central and North Europe is expected to decline slightly, and the market in South Europe to further decline from an already weak level. The market in North America is expected to continue to grow.

    The modernization market is expected to be at about the same level as in 2012 or decline slightly.

    The maintenance market is expected to continue to develop rather well in most countries.

    Business outlook 2013
    KONE specifies its outlook due to the strong order intake in the first quarter.

    KONE's net sales is estimated to grow by 7-10% at comparable exchange rates as compared to 2012.

    The operating income (EBIT) is expected to be in the range of EUR 870-920 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of 2013.


    January 24, 2013 based on KONE's Financial Statement Bulletin 2012

    Market outlook 2013
    In new equipment, the market in Asia-Pacific is expected to grow clearly in 2013. The market in Central and North Europe is expected to decline slightly, and the market inSouth Europeto further decline from an already weak level. The market inNorth Americais expected to continue to gradually recover.

    The modernization market is expected to be at about the same level as in 2012 or decline slightly.

    The maintenance market is expected to continue to develop rather well in most countries.

    Business outlook 2013
    KONE's net sales is estimated to grow by 5-9% at comparable exchange rates as compared to 2012.

    The operating income (EBIT) is expected to be in the range of EUR 840-920 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of 2013.

  • October 23, 2012 based on KONE's Interim Report January - September 2012

    Market outlook 2012
    In new equipment, the markets in Asia-Pacific are expected to grow slightly in the last quarter of the year. The markets in Central and North Europe are expected to decline somewhat, and the markets in South Europe are expected to further decline from an already weak level. The market in North America is expected to continue to gradually recover from a low level. The modernization markets are expected to be stable or decline slightly in the last quarter of the year. The maintenance markets are expected to continue to develop rather well in most countries.

    Business outlook 2012
    KONE specifies its outlook for 2012.

    KONE's net sales is estimated to grow by 13-17% at comparable exchange rates as compared to 2011.

    The operating income (EBIT), excluding one-time costs, is expected to be in the range of EUR 780-820 million.


    July 19, 2012 based on KONE's Interim Report January - June 2012

    Market outlook 2012
    In new equipment, the markets in Asia-Pacific are expected to be relatively stable or grow somewhat as compared with the second half of 2011. The markets in Central and North Europe are expected to decline slightly, and the markets in South Europe are expected to further decline from an already weak level. The market in North America is expected to continue to gradually recover from a low level. The modernization markets are expected to be at about the same level or decline slightly as compared to the second half of 2011. The maintenance markets are expected to continue to develop well.

    Business outlook 2012
    KONE upgrades its outlook slightly for 2012. The upgrade of the outlook is due to stronger than expected orders received and sales growth in Asia-Pacific, and with regard to the operating income outlook also due to favorable translation exchange rate movements.

    KONE’s net sales is estimated to grow by 12-17% at comparable exchange rates as compared to 2011.

    The operating income (EBIT), excluding one-time costs, is expected to be in the range of EUR 760–820 million.


    April 24, 2012 based on KONE's Interim Report January - March 2012

    Market outlook 2012
    The new equipment markets are expected to continue to grow in Asia-Pacific, but at a significantly lower rate than in 2011, and there is uncertainty related to the development in the second half of the year. The markets in Central and North Europe are expected to remain relatively stable or decline slightly, and the markets in South Europe are expected to decline from an already weak level. The market in North America is expected to continue to gradually recover from a low level. The modernization markets are expected to be at about the same level as in 2011 or grow slightly. The maintenance markets are expected to continue to develop well.

    Business outlook 2012
    KONE upgrades its outlook slightly for 2012 due to stronger than expected orders received and sales growth in Asia-Pacific and more favorable material cost development than expected.

    KONE’s net sales is estimated to grow by 10–15% at comparable exchange rates as compared to 2011.

    The operating income (EBIT) is expected to be in the range of EUR 750–800 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of 2012.


    January 26, 2012 based on KONE's Financial Statement Bulletin 2011

    Market outlook 2012
    The new equipment markets in Asia-Pacific are expected to continue to grow, but at a clearly lower rate than in 2011. In new equipment, the markets in Central and North Europe are expected to remain relatively stable or decline slightly, and the markets in South Europe are expected to decline from an already weak level. The new equipment market in North America is expected to gradually recover from a low level. The modernization markets are expected to be at about the same level as in 2011 or grow slightly. The maintenance markets are expected to continue to develop well.

    Business outlook 2012
    KONE’s net sales is estimated to grow by 8-13% at comparable exchange rates as compared to 2011.

    The operating income (EBIT) is expected to be in the range of EUR 730-790 million, assuming that translation exchange rates do not materially deviate from the situation of the beginning of 2012.

  • October 20, 2011 based on KONE's Interim Report - January-September 2011

    Market outlook 2011
    The new equipment markets in Asia-Pacific are expected to continue to develop positively, albeit at a lower rate than during January–September 2011. The overall activity level in the new equipment markets in Central and North Europe is expected to remain relatively stable. Markets in South Europe are expected to remain weak. The new equipment markets in North America are expected to continue to gradually recover from a low level, but the outlook remains uncertain. The modernization markets are expected to grow slightly. The maintenance markets are expected to continue to develop well.

    Business Outlook 2011
    KONE specifies its outlook for 2011.

    KONE’s net sales is estimated to grow by 3–6% at comparable exchange rates as compared to 2010.

    The operating income (EBIT) is expected to be in the range of EUR 710–740 million, assuming that translation exchange rates do not deviate materially from the situation of the beginning of 2011.


    July 19, 2011 based on KONE's Interim Report - January-June 2011

    Market outlook 2011
    The new equipment markets in Asia-Pacific are expected to continue to develop positively, albeit at a lower rate than during the first half of the year. The good activity level in 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, although the outlook has become more uncertain as compared to the first half of the year. The modernization markets are expected to grow slightly. The maintenance markets are expected to continue to develop well.

    Business Outlook 2011
    KONE’s net sales is estimated to grow by 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.


    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.

    Business 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.

    Business 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 2010
    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.

    Business Outlook 2010
    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 2010
    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.

    Business Outlook 2010
    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 2010
    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.

    Business Outlook 2010
    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 2010
    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.

    Business Outlook 2010
    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 2009
    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.

    Business Outlook 2009
    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 2009
    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.

    Business Outlook 2009
    KONE further specifies 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 2009
    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.

    Business Outlook 2009
    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 2009
    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.

    Business Outlook 2009
    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 2009
    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.

    Business Outlook 2009
    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.