Kone Oyj B (KNYJF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Kone's second quarter results call. My name is Natalia Valdesari. I'm head of investor relations here at Kone and very pleased to be joined today by our president and CEO, Filip Delor and our CFO, Ilkka Hara. So as usual, Filip will start by talking us through the highlights of the quarter, where we are in terms of our strategy execution. Ilkka will then go through the market situation, the financials in a bit more depth, and then Filip will summarize before we move into Q&A. during the q a please remember to limit yourselves to one question one follow-up and then you can absolutely feel free to rejoin the queue if you have anything on your mind With that. Thank you, Natalia. And good morning, everyone. I'm very pleased to be presenting our second quarter results today. We have good news again to share this quarter with positive development in both financial and strategic metrics. And I'm proud of the KONE team and what we have accomplished, especially when considering the global environment, which, as you know, it's quite complex at the moment. For me, a highlight was a continued strength in service and modernization, where our focus on customer value and field execution has paid off. I see this as a clear proof of the resilience of our model. And as you know, we are dedicated to delivering profitable growth. With this in mind, our 12th consecutive quarter of margin expansion is a great achievement and we have good levels also going forward. And last but not least, we are seeing the results of our dedicated focus on strategy execution. I'll spend more time speaking about this in a moment, but let's first start by looking more closely at our financial development in the quarter. So overall, it was great to see broad-based growth in the qua...