Kone Oyj

Kone Oyj is a Finnish industrial company that makes elevators, escalators and automatic building doors and maintains them. Its Class B shares trade on Nasdaq Helsinki under the ticker KNEBV.

The company's operations are divided into three main business streams. In new equipment sales, it supplies elevators and escalators for residential projects, office towers, shopping centers, airports and metro stations. Maintenance services keep installed equipment running safely through regular servicing, fault repair and remote monitoring; because they rest on long-term contracts, they form the stable part of the income stream. The modernization business is built on renewing elevators in older buildings and improving energy efficiency. Data collected from connected equipment is used in maintenance planning.

Those following Kone track the state of residential construction in China, commercial building investment in Europe and North America, growth of the maintenance portfolio, steel and component costs, and modernization demand in aging building stock. The Kone page on Lzzo.com shows the price formed in Helsinki on a US dollar basis; users can choose Turkish lira, euros or pounds sterling. A historical price chart, technical indicators, the source of the data and the time of the last update are also on the page.