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KONE is running steadily

KNEBVResearch27.04.2023 klo 12.45
Erkki VesolaAnalyst
Discuss
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Deviations in KONE’s Q1 figures from estimates were small but mainly positive. The company especially emphasized the improved margins of the order backlog. KONE fine-tuned its 2023 guidance and still relies on a recovery on the Chinese market. However, the valuation of the company's share is high, which is difficult to justify.

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Kone is a manufacturer of elevators, escalators and automatic doors. Other related products and systems provided by the company include barriers, docking systems and traffic gates. The company's products are sold in all global regions through authorized distributors. Kone was founded in 1910 and is headquartered in Espoo.

Read more on company page

Key Estimate Figures27.04.2023

202223e24e
Revenue10,906.711,109.611,697.5
growth-%3.7 %1.9 %5.3 %
EBIT (adj.)1,076.61,244.41,488.0
EBIT-% (adj.)9.9 %11.2 %12.7 %
EPS (adj.)1.591.892.21
Dividend1.751.751.80
Dividend %3.6 %3.3 %3.4 %
P/E (adj.)30.527.923.9
EV/EBITDA18.218.614.9

Forum discussions

Bloomberg: US Department of Justice launches investigation into Kone’s TK Elevator deal The deal is set to create the world’s largest elevator...
8/11/2026, 8:21 PM
by Index
12
Here is Ilkka Sinervä’s article about Kone and its competitors Subheadings: Is a price war looming for new equipment? Profits accumulate from...
8/10/2026, 8:53 AM
by Sijoittaja-alokas
3
Hannu Angervuo has written about Kone and specifically matters related to the TKE deal An important question for investors will arise when the...
8/6/2026, 8:45 AM
by Sijoittaja-alokas
6
One thought on KONE that stayed with me after the earnings report and Timo Huhtamäki’s post. Many still view KONE primarily as an elevator manufacture...
7/24/2026, 10:23 AM
by Timba79
20
According to the announcement published yesterday evening, CEO Delorme has made large-scale share purchases: Vireo Kone Oyj — insider transactions...
7/24/2026, 6:00 AM
by MichaelJ13508
22
According to a Morningstar article, Kone is undervalued. The link below lists the 10 most undervalued companies in the Nordic countries, and...
7/23/2026, 12:26 PM
by Framtidens kaffepengar
13
Aapeli has published a company report on KONE following the Q2 results KONE’s Q2 result fell slightly short of expectations, but double-digit...
7/23/2026, 7:55 AM
by Sijoittaja-alokas
10