Kone Q1 Adjusted EBIT At EUR 279.6 Million

Kone Oyj KNEBV:

• KONE OUTLOOK FY: IMPACT OF FX RATES ON ADJUSTED EBIT OF ABOUT EUR -50 MILLION

• KONE Q1 ORDERS EUR 2,378.4 MILLION VERSUS. ESTIMATE EUR 2,302.9 MILLION

• KONE Q1 SALES EUR 2,672.3 MILLION VERSUS. ESTIMATE EUR 2,663.8 MILLION

• KONE Q1 ADJUSTED EBIT EUR 279.6 MILLION VERSUS. ESTIMATE EUR 280.5 MILLION

• KONE Q1 EBIT EUR 276.7 MILLION

• KONE Q1 ADJUSTED EBIT MARGIN 10.5%

• KONE OUTLOOK FY ADJUSTED EBIT MARGIN 11.8-12.4%

• EXPECTS ITS SALES TO GROW 1-6% AT COMPARABLE EXCHANGE RATES IN 2025

• WE STILL EXPECT DEMAND FOR NEW BUILDING SOLUTIONS IN CHINA TO DECLINE SIGNIFICANTLY THIS YEAR

• MARKET IS EXPECTED TO DECLINE SLIGHTLY IN NORTH AMERICA AS A RESULT OF INCREASED UNCERTAINTY IN BUSINESS ENVIRONMENT