KONE Corporation has announced its Annual General Meeting (AGM) for shareholders on March 5, 2025, at Finlandia Hall in Helsinki. The meeting will address various agenda items, including the presentation of the 2024 annual accounts, dividend distribution, discharge of liability for board members, and the adoption of a remuneration report. The Board proposes a dividend of EUR 1.7975 per class A share and EUR 1.80 per class B share, payable on March 14, 2025. Proposals also include maintaining board member compensation, electing nine board members, and re-electing Ernst & Young Oy as auditors. Additionally, authorizations for share repurchase and issuance are on the agenda. Shareholders can follow the AGM via a webcast, with registration required by February 28, 2025. The meeting will primarily be in Finnish, with some parts in English.

KONE Corporation reported strong growth in its Service and Modernization sectors for the year 2024, with consistent improvements in profitability. The company anticipates slight sales growth and continued improvement in its adjusted EBIT margin for 2025, driven by positive performance in Service and Modernization. Challenges remain in the New Building Solutions market in China, which is expected to decline significantly. The global market showed regional variations, with growth in North America, Asia-Pacific, the Middle East, and Africa, while China experienced a downturn. KONE's strategy, Rise, is progressing well, with advancements in digital services and sustainability initiatives. The company enters 2025 with a robust order book and aims to maintain its industry leadership through strategic execution and profitability improvement. Press and analyst meetings regarding the financial results are scheduled for January 30, 2025.

KONE Corporation announced that Nicolas Alchal and Kaori Uehigashi will continue as interim Executive Vice Presidents for the Europe and Strategy & Transformation organizations, respectively, until the end of March 2025. This extends their interim roles by three months. Karla Lindahl, Executive Vice President for Europe, will return from parental leave in late March 2025. For more details, refer to the December 2023 press release. KONE, a leader in the elevator and escalator industry, reported EUR 11.0 billion in sales in 2023, with over 60,000 employees worldwide. KONE's class B shares are listed on Nasdaq Helsinki Ltd.

KONE Corporation reported a manager's transaction involving Nicolas Alchal, a senior manager, on December 4, 2024. The transaction took place outside a trading venue on December 3, 2024, and involved the receipt of a share-based incentive comprising 1,478 shares with no unit price. For more information, Sanna Kaje, Vice President of Investor Relations, can be contacted. KONE is a global leader in the elevator and escalator industry, with 2023 sales of EUR 11.0 billion and over 60,000 employees worldwide. KONE's class B shares are listed on Nasdaq Helsinki Ltd.

KONE Corporation announced a transfer of shares as part of its long-term incentive plan. On December 3, 2024, the company assigned 1,478 class B shares to a key employee under the Restricted Share Plan 2023, following a decision by the Board of Directors on October 23, 2024. This decision was based on authorization from the company's 2024 annual general meeting. After the transfer, KONE holds 11,867,752 of its own class B shares. KONE is a global leader in the elevator and escalator industry, with 2023 sales of EUR 11.0 billion and over 60,000 employees worldwide. Its class B shares are listed on Nasdaq Helsinki Ltd.

KONE Corporation announced that BlackRock, Inc. has increased its ownership of KONE shares to over 5% of the company's share capital as of November 12, 2024. This change was reported to KONE in accordance with Finnish securities regulations. BlackRock's total position includes a combination of shares and financial instruments resulting in a total of 5.10% of KONE's share capital. For further details, KONE's Vice President of Investor Relations, Sanna Kaje, can be contacted. KONE is a leading company in the elevator and escalator industry, with significant global operations.