KONE hosts its Capital Markets Day tomorrow, September 27, 2024, in Helsinki

KONE Corporation, press release, September 26, 2024 at 7.00 p.m. EEST

KONE hosts its Capital Markets Day tomorrow, September 27, 2024, in Helsinki

KONE hosts its Capital Markets Day for institutional investors and analysts in Helsinki tomorrow, September 27, 2024. The Capital Markets Day presents KONE’s new strategy called ‘Rise’ for 2025-2030. The new strategy was released last week, please find the press release here.

President and CEO Philippe Delorme:

“We are focused and committed to transforming KONE into an even more resilient business with Service and Modernization as the key drivers of earnings growth. We have already seen a clear acceleration in the growth of these businesses, and this year we expect around 90% of our profits to come from Service and Modernization.

We see many exciting growth opportunities ahead of us and believe we can reach mid-single-digit annual sales growth in the next three years. At the same time, we have identified points of attention where we need to improve our performance, and target to lift our adjusted EBIT margin to 13-14% by the end of 2027. With our new strategy, ‘Rise’ we have defined simple and clear priorities that will take us to our ambition to lead the industry.”

Agenda:

The presentations will start at 8.30 a.m. and end at around 12.00 p.m. EEST (live webcast ends here).

Philippe Delorme, President and CEO: KONE’s strategy 2025-2030
Ilkka Hara, Chief Financial Officer: Roadmap towards our ambition
Ken Schmid, EVP, Americas
Nicolas Alchal, EVP, Europe
Joe Bao, EVP, Greater China
Samer Halabi, EVP, Asia-Pacific, Middle East and Africa

A live webcast can be followed at KONE’s website at https://kone.videosync.fi/cmd-2024/register. The presentations can be found at https://www.kone.com/en/investors/capital-markets-days/2024/ at around 8.00 a.m on the event day. Webcast participants can send their questions during the presentations via the webcast platform.

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations, tel. +358 20 475 0031

About KONE

At KONE, our purpose is to shape the future of cities. As a global leader in the elevator and escalator industry, we move two billion people every day, making their journeys safe, convenient, and reliable with smart and sustainable People Flow®. In 2023, KONE had annual sales of EUR 11 billion, and at the end of the year over 60,000 employees in more than 60 countries. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com