TKE Achieves Record 2024-25 Financial Results
By Kaija Wilkinson | Daily News | December 10, 2025
1 min to read
Dusseldorf, Germany-headquartered TK Elevator (TKE) achieved what CEO Uday Yadav described as "strong and record financial results" in fiscal year (FY) 2024-25 as it experienced growth in service and modernization and impressive sales of its EOX digitally native elevator platform, particularly in North America and Europe, TKE announced on December 9. In addition, the OEM opened a new competence center in Germany, expanded capacity in India and Brazil and gained a "strong strategic partner" — Alat — in Saudi Arabia. Year-on-year, TKE sales increased 2% to EUR9.2 billion (US$10.7 billion), driven by 5% growth in service and 11% growth in modernization, more than offsetting new installation softness in China. Service and modernization accounted for 65% of total revenue, and EOX order intake increased more than 50%, buoyed by targeted segments in Europe, Africa and the Americas.