Wide-moat Kone delivered a resilient third-quarter result, which once again featured strong growth in modernization orders and in elevator servicing. Notwithstanding, Chinese demand for new equipment ...

Kone outlined its newly minted group strategy—for the approaching six-year period of 2025-30—at its 2024 capital markets day. Kone’s refreshed strategy strikes us as sensible in light of key changes ...

Companies are racing to take advantage of government subsidies to replace aging elevators in China. The country’s early-2000s construction boom saw millions of buildings go up; now, hundreds of ...

July 19 (Reuters) - European liftmakers Schindler (SCHP.S), opens new tab and Kone (KNEBV.HE), opens new tab posted second-quarter order intake above expectations on Friday, but warned China's ...