KONE Oyj reported a 6.1% increase in net income for the second quarter, reaching 276.9 million euros. Sales grew by 1.8% to 2.85 billion euros, with orders received declining by 0.5% to 2.32 billion euros. Adjusted EBIT was 347.2 million euros, up 3.7% compared to the previous year.

Looking ahead to 2025, KONE expects sales to grow by 2-5% at comparable exchange rates, with an adjusted EBIT margin projected to be in the range of 11.8%-12.4%. This outlook represents an improvement from previous expectations of 1-6% sales growth and a similar EBIT margin range.

Read more at Nasdaq: KONE Oyj Q2 Net Income Rises