(AGENPARL) – gio 19 settembre 2024 KONE Corporation, press release, September 19, 2024
[image]
KONE Corporation, a global leader in the elevator and escalator industry,
announces its new strategy called “Rise” for 2025-2030. With this new strategy,
KONE aims to lead in employee and customer experience, sustainability and
innovations, as well as growth and profitability.
To reach this ambition, KONE has defined four strategic shifts: 1) Accelerate
digital to fundamentally transform how KONE does service; 2) Drive modernization
to unleash growth opportunities; 3) Win residential to lead in the industry’s
largest segment; and 4) Cut carbon to drive customer value and differentiation.
At the core of KONE’s strategy are people, and KONE wants to be the easiest
company to work for and to work with.
“We are setting the bar high with our new strategy, not only for us and our
stakeholders, but for the whole industry. The nature of megatrends impacting us
– urbanization, technological development, and sustainability – is changing and
creating exciting new opportunities for us, especially in service and
modernization. As our environment is changing, it highlights the importance of
our resilient business model. We need bold actions and new perspectives. With
more speed, courage, and simplicity, we will change the status quo, and we will
do it by leveraging our capabilities in digitalization, by leading the way in
sustainability and innovation, and in the end, by offering the best value and
experiences to our customers,” says Philippe Delorme, President and CEO, KONE
Corporation.
“I am confident that with our dedicated employees, we will reach our ambitious
targets for the good of our customers, employees, and the planet. This is our
opportunity to fulfill KONE’s purpose to shape the future of cities,” he
continues.
KONE’s ambition and financial targets
KONE’s ambition is to lead in three dimensions in line with the new strategy:
· #1 choice for employees and customers
· Innovation and sustainability
· Growth and profitability
 The company’s long-term financial targets remain unchanged:
· Growth: Faster than the market
· Profitability: To reach an EBIT margin of 16%
· Cash flow: Improved working capital rotation
KONE is setting the following mid-term financial targets to be achieved by the
end of 2027:
· Growth: Mid-single-digit sales growth
· Profitability: Adjusted EBIT margin of 13-14%
The new strategy and targets will come into effect from January 1, 2025,
onwards.
For further information, please contact:
Investors: Sanna Kaje, Vice President, Investor Relations, KONE Corporation,
Media: Hanna Rutanen, Senior Vice President, Communications, KONE Corporation,
Read more
More detailed description of the megatrends, ambition level, four shifts, and
core is available at https://www.kone.com/en/company/strategy/.
Previous press releases are available at https://www.kone.com/en/news-and
-insights/releases/.
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 11.0 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.
http://www.kone.com
If you would rather not receive future communications from KONE Oyj, please go to https://optout.ne.cision.com/en/4jnjVkDhHk2NpxJEzTvkAhKqpAF7X8cmewik3Ub357oAkeZhrMmZ92T1gBUmLWMfqWfD19mpNBqMmRv9QLmfSAS7.
KONE Oyj, P.O. box 7, Espoo, 02150 Finland
————————————————————
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
If you would rather not receive future communications from KONE Oyj, please go to https://optout.ne.cision.com/en/4jnjVkDhHk2NpxJEzTvkAhKqpAF7X8cmewik3Ub357oAkeZhrMmZ92T1gBUmLWMfqWfD19mpNBqMmRv9QLmfSAS7.
KONE Oyj, P.O. box 7, Espoo, 02150 Finland
Report this content