KONE Oyj Q2 2026 Earnings Recap

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.

Key Takeaways

• 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.