KONE Oyj Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St

February 06, 2025

KONE Oyj (HEL:KNEBV) Full Year 2024 Results

Key Financial Results

Revenue: €11.1b (up 1.3% from FY 2023).
Net income: €951.3m (up 2.8% from FY 2023).
Profit margin: 8.6% (in line with FY 2023).
EPS: €1.84 (up from €1.79 in FY 2023).

revenue-and-expenses-breakdown — HLSE:KNEBV Revenue and Expenses Breakdown February 6th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

KONE Oyj EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.4%.

The primary driver behind last 12 months revenue was the Europe segment contributing a total revenue of €4.23b (38% of total revenue). Notably, cost of sales worth €9.56b amounted to 86% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling €297.6m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how KNEBV's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Machinery industry in Finland.

Performance of the Finnish Machinery industry.

The company's shares are up 2.1% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with KONE Oyj.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.