KONE’s shares declined modestly by 1.3% following Q2 results, reflecting investor caution despite steady order growth and margin expansion; the market appears wary of the tempered outlook and the need for further customer satisfaction improvements.
- Orders rose nearly 11%, driven by a strong acceleration in modernization growing over 15%, with three out of four regions posting double-digit growth.
- Comparable sales grew 3.4% in the quarter, reaching 5% year-to-date growth.
- Adjusted EBIT margin expanded by 40 basis points, aided by a richer sales mix and operating leverage.
- Maintenance connectivity increased to 44%, bolstering service capabilities and customer value.
- Customer loyalty showed gains in three regions but highlighted areas for improvement; employee engagement remains above global benchmarks.
Community Discussion