Kone's Q4 adjusted operating profit beats estimate
Published by Global Banking & Finance Review®
Posted on January 30, 2025
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on January 30, 2025
1 min readLast updated: January 27, 2026

Kone's Q4 profit exceeded forecasts, with growth in sales outside China. The company anticipates improved margins by 2025, focusing on modernisation.
HELSINKI (Reuters) - Finland's Kone on Thursday posted quarterly earnings above estimates and said it expects its adjusted operating margin to improve in 2025 and sales to grow slightly.
"We continued to grow at a healthy rate, with both orders and sales increasing over 10% outside China," Chief Executive Philippe Delorme said in a statement.
The elevator and escalator maker has been pushing to grow its modernisation and maintenance businesses to compensate for less demand at its main business that equips new buildings, and to offset a decline in China.
The elevator maker's October-December adjusted operating profit rose to 386.5 million euros ($402.42 million), beating the 379.2 million euro mean estimate of analysts polled by LSEG.
Most items affecting comparability come from restructuring of operations in China, Kone said.
($1 = 0.9604 euros)
(Reporting by Essi Lehto, editing by Terje Solsvik)
Kone's adjusted operating profit for the October-December period rose to 386.5 million euros, surpassing the analysts' estimate of 379.2 million euros.
Kone reported that both orders and sales increased by over 10% outside of China, indicating strong growth in those markets.
Kone expects its adjusted operating margin to improve in 2025 and anticipates slight growth in sales.
Kone is experiencing less demand in its primary business of equipping new buildings, which has prompted a focus on growing its modernisation and maintenance sectors.
Most items affecting comparability in Kone's results stem from the restructuring of operations in China.
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