Would you like to explore our corporate site or visit your local website?

Stay on Corporate site

Would you like to browse the solutions available in your area and the local contact information? Please go to your local website.

Your suggested website is

We couldn't determine a local website for you

Go to your suggested website

Back to top

Several global megatrends support the growth of the elevator and escalator business: urbanization, demographic change, technological disruption, increasing focus on safety and the increasing importance of environmental considerations.

GLOBAL EXPOSURE

The global scale of the business provides stability: KONE is present in the Europe, Middle East and Africa area (41% of sales in 2017), Asia-Pacific (39%) and North America (20%).

A LIFE-CYCLE BUSINESS WITH HIGH AMOUNT OF SERVICE REVENUE

  • KONE’s business model is to provide solutions for the full lifecycle of equipment, starting from the sale of new equipment, through maintenance and modernization.
  • Strong megatrends supporting new equipment market growth, which feeds into growth of equipment in maintenance.
  • Recurring business model in maintenance with a strong cash flow profile.
  • The installed base of elevators and escalators is aging, providing a growing need of equipment modernization.

CONSTANT DEVELOPMENT OF COMPETITIVENESS

With constant development of competitiveness, KONE has grown faster than the market.

CAPITAL-LIGHT AND CASH-GENERATIVE BUSINESS MODEL

  • Low amount of fixed assets required
  • Negative working capital
  • High return on invested capital

Key figures and ratios

For interactive analysis options, see Key figures.



2017
2016
2015201420132012
2011
Orders received
MEUR7,554
7,621
7,9596,8136,1515,4964,465
Sales
MEUR8,942
8,784
8,6477,3346,9336,2775,225
EBIT (excl. one-time items)
MEUR1,217
1,293
1,2411,036953829725
Cash flow from operations
(before financing items and taxes)
MEUR1,263
1,509
1,4741,3451,2131,071820
Net working capital 1) 2)
MEUR-876
-1,055
-983-750-612-439
-361
Fixed assets 1)
MEUR377
368
345317270262
232
Assets employed 1) 2)
MEUR1,217
1,108
1,0631,1511,1031,260
1,205
Total equity 1)
MEUR2,907
2,796
2,5762,0621,7251,834
2,034
Net debt 1)
MEUR-1,690
-1,688
-1,513-912-622-574-829
ROE
%34.2
38.1
45.440.940.132.135.5
ROCE
%30.4
34.1
41.737.736.329.434.3
Gearing 1)
%-58.1
-60.4
-58.7-44.2-36.1-31.3-40.8
Basic EPS
EUR1,89
2.00
2.011.471.371.23 (3
1.15 (3
Basic dividend per B share 4)
EUR1.65
1.55 (4
1.401.201.000.880.70
Comparative figures for 2012 have been restated according to the revised IAS 19 'Employee Benefits'.
1) At the end of the period;
2) Including tax receivables and liabilities, accrued interest and derivative items;
3) Excluding one-time items. Including one-time items, basic earnings per share was EUR 1.17 in 2012 and EUR 1.26 in 2011.
4) In addition, KONE has distributed extraordinary dividends, EUR 0.33 for 2009, EUR 0.75 for 2011 and EUR 0.65 for 2012. 2016 board's proposal to the AGM.