KONE's Q1 Operating Profit Soars
ECONOMY & POLICY

KONE's Q1 Operating Profit Soars

KONE, a leading global provider of elevators, escalators, and related services, has reported a significant increase in its operating profit for the first quarter of 2024. According to the latest financial report released by the company, KONE's operating profit surged by 10.1% to reach a staggering ?280 million, showcasing robust performance and strong operational efficiency amidst challenging market conditions.

The impressive growth in operating profit reflects KONE's continued focus on innovation, customer-centric solutions, and operational excellence. Despite the ongoing economic uncertainties and disruptions caused by the global pandemic, KONE has demonstrated resilience and agility in navigating the evolving landscape of the industry.

Key factors contributing to KONE's stellar performance in Q1 include its strategic investments in digitalization, sustainable technologies, and service enhancements. By leveraging advanced technologies and data-driven insights, KONE has been able to enhance the reliability, safety, and efficiency of its products and services, thereby driving customer satisfaction and loyalty.

Furthermore, KONE's commitment to sustainability has been a key differentiator, resonating with environmentally conscious customers and stakeholders. The company's focus on eco-efficient solutions, energy-saving technologies, and carbon footprint reduction initiatives align with the growing demand for sustainable urban mobility solutions worldwide.

In addition to financial growth, KONE has also made significant strides in expanding its global footprint and strengthening its market position. With a strong presence in over 60 countries, KONE continues to capitalize on emerging opportunities in both established and emerging markets, driving long-term value creation for its shareholders and stakeholders.

Looking ahead, KONE remains optimistic about its prospects for the remainder of 2024 and beyond. The company remains committed to driving innovation, delivering exceptional customer experiences, and contributing to the sustainable development of urban infrastructure worldwide.

KONE, a leading global provider of elevators, escalators, and related services, has reported a significant increase in its operating profit for the first quarter of 2024. According to the latest financial report released by the company, KONE's operating profit surged by 10.1% to reach a staggering ?280 million, showcasing robust performance and strong operational efficiency amidst challenging market conditions. The impressive growth in operating profit reflects KONE's continued focus on innovation, customer-centric solutions, and operational excellence. Despite the ongoing economic uncertainties and disruptions caused by the global pandemic, KONE has demonstrated resilience and agility in navigating the evolving landscape of the industry. Key factors contributing to KONE's stellar performance in Q1 include its strategic investments in digitalization, sustainable technologies, and service enhancements. By leveraging advanced technologies and data-driven insights, KONE has been able to enhance the reliability, safety, and efficiency of its products and services, thereby driving customer satisfaction and loyalty. Furthermore, KONE's commitment to sustainability has been a key differentiator, resonating with environmentally conscious customers and stakeholders. The company's focus on eco-efficient solutions, energy-saving technologies, and carbon footprint reduction initiatives align with the growing demand for sustainable urban mobility solutions worldwide. In addition to financial growth, KONE has also made significant strides in expanding its global footprint and strengthening its market position. With a strong presence in over 60 countries, KONE continues to capitalize on emerging opportunities in both established and emerging markets, driving long-term value creation for its shareholders and stakeholders. Looking ahead, KONE remains optimistic about its prospects for the remainder of 2024 and beyond. The company remains committed to driving innovation, delivering exceptional customer experiences, and contributing to the sustainable development of urban infrastructure worldwide.

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?