Financials and outlook
Key figures and ratios
For interactive analysis options, see Key figures.
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018
| 2017*
| 2016
| 2015 | 2014 | ||
| Orders received
| MEUR | 8,558 | 9,131 | 8,853 | 8,185 | 8,400 | 7,797
| 7,554
| 7,621
| 7,959 | 6,813 |
| Sales
| MEUR | 10,952 | 10,907 | 10,514 | 9,939 | 9,982 | 9,071
| 8,797*
| 8,784
| 8,647 | 7,334 |
| EBIT
| MEUR | 1,200 | 1,031 | 1,295 | 1,213 | 1,192 | 1,042 | 1,192*
| 1,293
| 1,241 | 1,036 |
| Adjusted EBIT 4)
| MEUR | 1,248 | 1,077 | 1,310 | 1,251 | 1,237 | 1,112 | 1,206* | - | - | - |
| Cash flow from operations
(before financing items and taxes) | MEUR | 1,458 | 755 | 1,829 | 1,908 | 1,550 | 1,150
| 1,263
| 1,509
| 1,474 | 1,345 |
| Net working capital 1) 2)
| MEUR | -861 | -904 | -1,468 | -1,160 | -856 | -758
| -876
| -1,055
| -983 | -750 |
| Fixed assets 1)
| MEUR | 780 | 717 | 737 | 710 | 742 | 397 | 377
| 368
| 345 | 317 |
| Assets employed 1) 2)
| MEUR | 1,773 | 1,557 | 1,035 | 1,243 | 1,640 | 1,377 | 1,339*
| 1,108
| 1,063 | 1,151 |
| Total equity 1)
| MEUR | 2,786 | 2,867 | 3,199 | 3,197 | 3,193 | 3,081 | 3,029* | 2,796
| 2,576 | 2,062 |
| Net debt 1)
| MEUR | -1,013 | -1,309 | -2,164 | -1,954 | -1,553 | -1,704 | -1,690
| -1,688
| -1,513 | -912 |
| ROE
| % | 33.0 | 25.9 | 32.0 | 29.7 | 30.1 | 27.7 | 32.1*
| 38.1
| 45.4 | 40.9 |
| ROCE
| % | 27.8 | 22.4 | 26.8 | 25.0 | 25.1 | 25.0 | 28.8*
| 34.1
| 41.7 | 37.7 |
| Gearing 1)
| % | -36.4 | -45.7 | -67.6 | -61.1 | -48.6 | -55.3 | -55.8*
| -60.4
| -58.7 | -44.2 |
| Basic EPS
| EUR | 1.79 | 1.50 | 1.96 | 1.81 | 1.80 | 1.63 | 1.86*
| 2.00
| 2.01 (5 | 1.47 |
| Basic dividend per B share 3)
| EUR | 1.75 | 1.75 | 1.75 | 1.75 | 1.70 | 1.65 | 1.65
| 1.55
| 1.40 | 1.20 |
| Comparative figures for 2012 have been restated according to the revised IAS 19 'Employee Benefits'.
1) At the end of the period; 2) Including tax receivables and liabilities, accrued interest and derivative items; 3) In addition, KONE has distributed extraordinary dividends, EUR 0.50 for 2020 and EUR 0.35 for 2021. 4) In September 2017, KONE introduced a new alternative performance measure, adjusted EBIT, to enhance comparability of the business performance between reporting periods during. Restructuring costs related to significant restructuring programs are excluded from the calculation of the adjusted EBIT. In 2021, the adjusted EBIT excluded costs of EUR 14.5 million related to restructuring measures in KONE’s global business lines and functions. During 2017–2020, all restructuring costs excluded from the adjusted EBIT related to the Accelerate program. 5) Basic earnings per share excluding the extraordinary dividend from Toshiba Elevator and Building Systems Corporation (TELC) was EUR 1.79 in 2015. *KONE has applied new IFRS 15 and IFRS 9 standards from January 1, 2018 onwards and some of the 2017 financials are restated retrospectively. | |||||||||||
