KONE hosts its Capital Markets Day today, June 1, 2022, in Helsinki
KONE Corporation, press release, June 1, 2022 at 7.30 a.m. EEST
KONE hosts its Capital Markets Day today, June 1, 2022, in Helsinki
KONE hosts its Capital Markets Day for institutional investors and analysts in Helsinki today, June 1, 2022. During the event, KONE will provide an overview of its progress in strategy execution and discuss key focus areas going forward. KONE will not publish new strategic or financial targets in connection to the event.
President & CEO Henrik Ehrnrooth:
“The world around us is undoubtedly changing. Demand has rebounded and the market outlook is positive with attractive opportunities in all regions, particularly in the service business. At the same time, inflation is rising rapidly, and the shortage economy is impacting all industries.
In this evolving business context, our priorities are to innovate around our customers' core needs, seek growth through differentiation and further strengthen the resilience of our supply chain. We are also focused on implementing more dynamic pricing strategies and contract models to adapt to a world of higher inflation. The progress we have made in our actions to improve margins with pricing, product cost and productivity actions is encouraging. Our industry leading services business growth is a key competitive advantage for us in the current environment. This applies also to China, where the new equipment market is more uncertain at the moment, but the future growth of the services market is anticipated to be significant.
I am confident that with our ‘Sustainable success with customers’ strategy we will attract and retain the best talent, strengthen our competitive positioning and ensure continued sustainability leadership. This foundation positions us well to capture the growth opportunities that we have identified.”
Agenda:
The presentations will start at 8.30 am and end at around 12:30 pm EEST.
Henrik Ehrnrooth, President and CEO: Sustainable success with customers
Ilkka Hara, Chief Financial Officer: Our path towards our financial targets
William Johnson, EVP, Greater China: Continued leadership in new equipment and services
Tomio Pihkala, EVP, New Equipment Business: Driving differentiation and resilience
Hugues Delval, EVP, Service Business: Leading in service business
A live webcast can be followed on KONE’s website at https://www.kone.com/en/investors/capital-markets-days/2022/. The presentations can be found at the same address as of around 8:00 am. Webcast participants can send in their questions during the presentations via the webcast platform.
For further information, please contact:
Natalia Valtasaari, Head of Investor Relations, tel. +358 204 75 4705
About KONE
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2021, KONE had annual sales of EUR 10.5 billion, and at the end of the year over 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com