KONE reports higher third-quarter orders as modernisation supports growth
KONE says orders rose 7.2% in the third quarter of 2026, with modernisation driving growth, and has specified its full-year sales and margin forecasts.
AI-assisted reporting by Lift Hub editorial. Checked against the linked sources on 28 October 2026. Source report published: .
KONE reported orders of €2.29 billion for July to September 2026, up 7.2% from the same quarter last year. Sales rose 5.2% to €2.91 billion. The manufacturer said modernisation was the main driver of order growth, alongside stronger activity in its volume business. Its adjusted operating margin increased to 12.7% from 12.3%, while its reported operating margin fell to 11.7% from 12.1%. [1]
Different demand across markets
In its interim report published on 28 October, KONE assessed service and modernisation markets as growing across all regions during the quarter. It described European demand for new-building solutions as stable and the Chinese market as weak. These are the company’s assessments, not independent measures of industry-wide demand. [1]
Full-year outlook
KONE now forecasts sales growth of 4% to 6% at comparable exchange rates for 2026, compared with its previous range of 3% to 6%. It narrowed its forecast adjusted operating margin to 12.5% to 12.9%. For lift contractors and specifiers, the report offers one manufacturer’s view of demand for work on existing equipment compared with new construction; it does not establish conditions in individual UK markets. [1]
Sources
- KONE, stock exchange release · 28 Oct 2026