KONE Announces Ambitious New 2025-2030 Strategy, “Rise”

On September 19, KONE announced its ambitious new 2025-2030 strategy, “Rise,” with which it aims to lead in employee and customer experience, sustainability, innovation, growth and profitability. Effective January 1, 2025, “Rise” includes four strategic components: accelerate digital to fundamentally transform how KONE provides service, drive modernization to unleash growth opportunities, win residential work to lead in the vertical-transportation (VT) industry’s largest segment and cut carbon to drive customer value and differentiation. KONE President and CEO Philippe Delorme said the company is setting the bar high for itself, its stakeholders and the entire VT industry. He observed that megatrends — urbanization, technological development and sustainability — create new opportunities, particularly in service and modernization. The company’s long-term financial goals remain unchanged. KONE plans to grow faster than the market and reach an EBIT margin — operating earnings over operating sales — of 16%.