KONE - revenue 2007-2019

In 2019, KONE’s revenue streams were almost ten billion U.S. dollars. The business dedicated to elevators, escalators, and automatic building doors has had a revenue increase of more than five billion euros between 2009 and 2019.

Elevators and escalators

In January 2020, Kone submitted a bid for the elevator division of one of the company's leading rivals, ThyssenKrupp. A successful bid would position Kone as the market leader in the field of escalators and elevators. Globally, the leading elevator and escalator companies include Otis, Mitsubishi Electric, Schindler, ThyssenKrupp, and KONE. It is projected that many of these big-name companies will experience some growth due to a rise in the use of modern equipment to produce new-age buildings. Despite the variation within the U.S. market there is still expected to be growth in the global elevator and escalator market in the next years.

Kone company overview

KONE has offices located around the world but is headquartered in Helsinki, Finland. Alongside their increasing revenue streams, KONE has seen an increase in their workforce with 2019 having the largest number of employees. The operating income of KONE has fluctuated in recent years indicating a potential reduction in profit for the company.

KONE's revenue from FY 2007 to FY 2019

Revenue in million euros
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Source

Release date

2020

Region

Worldwide

Survey time period

FY 2007 to FY 2019

Supplementary notes

For the years January 1 through December 31.
Figures through 2016 were taken from previous editions.
One euro is approximately equal to 1.12 U.S. dollars (as of December 31, 2019).

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Statistics on "Material handling: elevators & escalators"

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