KONE Q1 2024 Earnings Presentation

KONE reported Q1 2024 results featuring over 10% growth in Modernization orders and 9% sales growth in Service at comparable exchange rates. The company demonstrated improving profitability with a 70bps increase in adjusted EBIT margin and significant progress on sustainability, reducing Scope 1&2 emissions by 25% versus 2018. Management upgraded market outlook for North America and Europe while maintaining solid cash flow generation.