KONE Oyj Future Growth

Future criteria checks 3/6

KONE Oyj is forecast to grow earnings and revenue by 10.8% and 4.9% per annum respectively. EPS is expected to grow by 10.8% per annum. Return on equity is forecast to be 41.5% in 3 years.

Key information

10.8%

Earnings growth rate

10.80%

EPS growth rate

Machinery earnings growth	11.3%
Revenue growth rate	4.9%
Future return on equity	41.49%
Analyst coverage	Good
Last updated	31 Oct 2025

Recent future growth updates

KONE Oyj Just Missed Earnings - But Analysts Have Updated Their Models

Oct 28

KONE Oyj (HEL:KNEBV) Just Released Its Annual Earnings: Here's What Analysts Think

Feb 03

Recent updates

KONE Oyj's (HEL:KNEBV) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 03

KONE Oyj (HEL:KNEBV) Has A Pretty Healthy Balance Sheet

Feb 21

KONE Oyj (HEL:KNEBV) Is Paying Out A Larger Dividend Than Last Year

Feb 04

KONE Oyj (HEL:KNEBV) Just Released Its Annual Earnings: Here's What Analysts Think

Feb 03

KONE Oyj's (HEL:KNEBV) Shares May Have Run Too Fast Too Soon

Jan 25

Is There An Opportunity With KONE Oyj's (HEL:KNEBV) 20% Undervaluation?

Jan 09

Why We Like The Returns At KONE Oyj (HEL:KNEBV)

Dec 25

Innovation And Sustainability Drive Scalable Transformation Amid Market Challenges

Nov 07 Strategic focus on service and modernization, along with innovations like MiniSpace DX, aims to drive resilient growth and boost margins.

Earnings and Revenue Growth Forecasts

HLSE:KNEBV - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	12,388	1,300	1,489	1,649	15
12/31/2026	11,750	1,163	1,331	1,489	17
12/31/2025	11,273	1,038	1,208	1,332	18
9/30/2025	11,260	954	1,259	1,423	N/A
6/30/2025	11,252	976	1,184	1,330	N/A
3/31/2025	11,203	961	1,169	1,328	N/A
12/31/2024	11,098	951	1,081	1,249	N/A
9/30/2024	10,933	982	929	1,126	N/A
6/30/2024	10,929	981	925	1,114	N/A
3/31/2024	10,964	945	920	1,090	N/A
12/31/2023	10,952	926	980	1,128	N/A
9/30/2023	11,054	925	566	737	N/A
6/30/2023	11,302	917	679	826	N/A
3/31/2023	11,021	829	594	713	N/A
12/31/2022	10,907	775	430	532	N/A
9/30/2022	10,762	778	975	1,052	N/A
6/30/2022	10,374	800	980	1,052	N/A
3/31/2022	10,630	951	1,290	1,380	N/A
12/31/2021	10,514	1,014	1,488	1,585	N/A
9/30/2021	10,369	1,022	1,277	1,409	N/A
6/30/2021	10,346	1,023	1,439	1,568	N/A
3/31/2021	10,067	980	1,577	1,673	N/A
12/31/2020	9,939	939	1,462	1,550	N/A
9/30/2020	10,002	936	1,517	1,590	N/A
6/30/2020	9,973	922	1,391	1,475	N/A
3/31/2020	9,981	916	1,119	1,224	N/A
12/31/2019	9,982	931	1,172	1,270	N/A
9/30/2019	9,741	882	1,080	1,272	N/A
6/30/2019	9,472	851	N/A	1,105	N/A
3/31/2019	9,262	838	N/A	1,163	N/A
12/31/2018	9,071	841	N/A	970	N/A
9/30/2018	8,934	842	N/A	903	N/A
6/30/2018	8,855	878	N/A	898	N/A
3/31/2018	8,861	920	N/A	829	N/A
12/31/2017	8,797	956	N/A	964	N/A
9/30/2017	9,084	1,022	N/A	1,003	N/A
6/30/2017	9,044	1,033	N/A	1,109	N/A
3/31/2017	8,979	1,042	N/A	1,167	N/A
12/31/2016	8,784	1,024	N/A	1,178	N/A
9/30/2016	8,753	1,091	N/A	1,297	N/A
6/30/2016	8,767	1,083	N/A	1,354	N/A
3/31/2016	8,705	1,070	N/A	1,466	N/A
12/31/2015	8,647	1,032	N/A	1,447	N/A
9/30/2015	8,251	873	N/A	1,313	N/A
6/30/2015	7,945	825	N/A	1,259	N/A
3/31/2015	7,584	764	N/A	1,077	N/A
12/31/2014	7,335	756	N/A	1,124	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: KNEBV's forecast earnings growth (10.8% per year) is above the savings rate (1.8%).

Earnings vs Market: KNEBV's earnings (10.8% per year) are forecast to grow slower than the Finnish market (16.7% per year).

High Growth Earnings: KNEBV's earnings are forecast to grow, but not significantly.

Revenue vs Market: KNEBV's revenue (4.9% per year) is forecast to grow faster than the Finnish market (4.2% per year).

High Growth Revenue: KNEBV's revenue (4.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: KNEBV's Return on Equity is forecast to be very high in 3 years time (41.5%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/02 20:41
End of Day Share Price	2025/10/31 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

KONE Oyj is covered by 48 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ABG Sundal Collier
Vladimir Sergievskii	Barclays
Vladimir Sergievskii	Barclays

KONE Oyj Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

KONE Oyj Just Missed Earnings - But Analysts Have Updated Their Models

Kone Oyj Provides Earnings Guidance for the Full Year 2025

KONE Oyj Specifies Earnings Guidance for the Year 2025

KONE Oyj (HEL:KNEBV) Just Released Its Annual Earnings: Here's What Analysts Think

Kone Oyj Provides Earnings Guidance for the Year 2025

KONE Corporation Provides Earnings Guidance for the Year 2024

Recent updates

KONE Oyj Just Missed Earnings - But Analysts Have Updated Their Models

Third quarter 2025 earnings: EPS misses analyst expectations

KONE Oyj, Annual General Meeting, Mar 05, 2026

There's Reason For Concern Over KONE Oyj's (HEL:KNEBV) Price

Does KONE Oyj (HEL:KNEBV) Have A Healthy Balance Sheet?

Why We Like The Returns At KONE Oyj (HEL:KNEBV)

New major risk - Share price stability

Investor sentiment improves as stock rises 27%

Second quarter 2025 earnings: EPS exceeds analyst expectations

Kone Oyj Provides Earnings Guidance for the Full Year 2025

A Look At The Fair Value Of KONE Oyj (HEL:KNEBV)

New major risk - Revenue and earnings growth

Is KONE Oyj (HEL:KNEBV) A Risky Investment?

KONE Launches Next-Generation Customer Planning Tool, The KONE Studio, in Middle East, Turkiye & Africa

KONE Appoints Michelle Wen as Executive Vice President, Procurement and Member of the Executive Board, Effective August 1, 2025

KONE Oyj's (HEL:KNEBV) Business Is Trailing The Market But Its Shares Aren't

KONE Oyj's (HEL:KNEBV) Earnings Offer More Than Meets The Eye

KONE Oyj Specifies Earnings Guidance for the Year 2025

First quarter 2025 earnings: EPS misses analyst expectations

KONE Corporation Announces Board and Committee Changes

KONE Oyj Approves Dividend for the Financial Year 2024 , Payable March 14, 2025

KONE Oyj's (HEL:KNEBV) Shareholders Will Receive A Bigger Dividend Than Last Year

Upcoming dividend of €1.80 per share

KONE Oyj (HEL:KNEBV) Has A Pretty Healthy Balance Sheet

Kone Oyj Announces Changes in Executive Board

KONE Oyj (HEL:KNEBV) Is Paying Out A Larger Dividend Than Last Year

Dividend increased to €1.80

KONE Oyj (HEL:KNEBV) Just Released Its Annual Earnings: Here's What Analysts Think

Full year 2024 earnings: EPS misses analyst expectations

KONE Corporation Proposes Dividend for the Financial Year 2024, Payable on 14 March 2025

Kone Oyj Provides Earnings Guidance for the Year 2025

KONE Oyj's (HEL:KNEBV) Shares May Have Run Too Fast Too Soon

Is There An Opportunity With KONE Oyj's (HEL:KNEBV) 20% Undervaluation?

Now 20% undervalued after recent price drop

Why We Like The Returns At KONE Oyj (HEL:KNEBV)

Innovation And Sustainability Drive Scalable Transformation Amid Market Challenges

Now 21% undervalued

KONE Oyj, Annual General Meeting, Mar 05, 2025

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

KONE Oyj to Report Fiscal Year 2024 Final Results on Feb 12, 2025

Now 21% undervalued after recent price drop

KONE Oyj Appoints Loay Dajani as the New Managing Director for the Middle East, Turkey, and Africa

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

KONE Oyj (HLSE:KNEBV) acquired Orbitz Elevators Pty Ltd.

KONE Corporation Announces Executive and Board Changes

First quarter 2024 earnings: Revenues and EPS in line with analyst expectations

KONE Corporation Provides Earnings Guidance for the Year 2024

Upcoming dividend of €1.75 per share

KONE Oyj (HLSE:KNEBV) acquired PACA Ascenseurs Services SARL form agta record ag.

Dividend of €1.75 announced

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Now 23% overvalued after recent price rise

KONE Oyj Proposes Dividend for the Financial Year 2023, Payable on March 11, 2024

KONE Oyj Announces Changes in the Executive Board

Chairman of the Board recently bought €4.1m worth of stock

KONE Oyj (HLSE : KNEBV) acquired ElevaHogar.

Third quarter 2023 earnings: Revenues miss analyst expectations

KONE Oyj to Report First Half, 2024 Results on Jul 19, 2024

S8 Capital completed the acquisition of Russian business from KONE Oyj (HLSE : KNEBV).

KONE Oyj Announces Executive Changes

Henrik Ehrnrooth Steps Down from Role of President of Kone

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake