KONE Oyj

Q3 performance: resilient growth + margin expansion - Orders received: +5.5% (comparable) in Q3; +6.8% YTD across the last 3 quarters → management highlights consistent order growth across several quarters. - Sales: +3.8% in Q3; +4.6% YTD, staying within full-year guidance range. - Profitability: Adjusted EBIT margin +40 bps YoY; Adjusted EBIT = EUR 369m (excluding comparability items of EUR 30m in Q3). - Cash flow: pressured by higher inventories tied to Middle East logistics disruption, but YTD cash flow remains healthy at ~EUR 1.3bn.

Geographic mix: China still weak; strongest momentum outside China - Order growth strong in Asia Pacific, Middle East & Africa (broad-based across all 3 businesses). - China New Building Solutions (NBS): continued weakness (new equipment market headwind); Europe stable overall but with high comps in prior year (large marine orders). - Service & Modernization continues to grow healthily across geographies (key stabilizer vs new equipment weakness).

Strategic execution + innovation (customer value and modernization tailwind) - Europe “1-week modernization” launch: modular + standardized installation to reduce delivery time and customer disruption; plus connected elevator access to digital services (transparency, predictive maintenance). - India digital acceleration: opened first digital experience center (Pune) showing AI/data/connectivity benefits. - High-rise breakthrough + landmark deal: selected to equip Burj Azizi (~725m planned height), using UltraRope (up to ~1km travel) + next-gen AI destination control + project execution capabilities. - Overall theme: modernization and digital are driving value and supporting growth despite tougher new-build conditions.