Q3 2025 Kone Oyj Earnings Call Transcript

Oct 23, 2025 / 07:30 AM GMT

Release Date Price: €58.44 (+0.93%)

Transcript

Key Points

Positve

KONE Oyj (KNYJF) reported nearly 8% growth in the third quarter, with broad-based contributions across various segments.
The company achieved a 75 basis point expansion in its adjusted EBIT margin, driven by growth in service and modernization.
KONE Oyj (KNYJF) secured a significant contract to equip the Jeddah Tower in Saudi Arabia, which will be the world's tallest building, showcasing its innovative capabilities.
Over 60% of KONE Oyj (KNYJF)'s sales now come from service and modernization, indicating a successful pivot towards a more resilient business model.
The company reported strong cash generation, with operating cash flow increasing by approximately 100 million year over year.

Negative

Market conditions in China remain challenging, with a decline in new building solutions impacting overall growth.
KONE Oyj (KNYJF) faces continued pressure from wage inflation, which is around 5% on average.
The company anticipates a negative impact of approximately 30 million on EBIT due to unfavorable foreign exchange rates.
Despite growth in other regions, the new building solutions segment in China experienced a 5% decline in sales.
KONE Oyj (KNYJF) is experiencing competitive pressures in the Chinese service market, leading to strategic decisions to prioritize margin and cash flow over volume.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KNEBV.HE - Kone Oyj
Q3 2025 Kone Oyj Earnings Call
Oct 23, 2025 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and welcome to CONE 3rd quarter result webcast. My name is Natalia Valassari. I head up the IR function here at CONE, and I'm very pleased to be joined by our President and CEO Phillipe Demon.

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Unidentified_2 [2]
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Good morning.

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Unidentified_1 [3]
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Everyone, and our CFO I.

As usual, we'll start by walking you through the financial highlights of the quarter, what we

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