Kone stock faces TKE review after 10.9 percent order growth

Kone stock was trading at EUR 51.64 on Nasdaq Helsinki on September 24, 2026, 19.8 percent below its 52-week high of EUR 64.42. The UK Competition and Markets Authority has opened information gathering on KONE's planned acquisition of TK Elevator, adding a regulatory checkpoint to the transaction.

UK review adds a checkpoint

The Competition and Markets Authority published its invitation to comment on September 22, 2026. The authority said the process is an initial information-gathering exercise and that a formal phase 1 investigation has not yet begun.

The planned combination carries an enterprise value of EUR 29.4 billion, according to Economic Times. For KONE, the regulatory timetable matters because completion is subject to approvals in several jurisdictions.

Orders outpace comparable sales

KONE's Q2 2026 orders increased 10.9 percent year over year, while modernization orders grew more than 15 percent, according to Yahoo Finance. Comparable sales grew 3.4 percent, showing that order momentum exceeded reported sales growth during the quarter.

The same Q2 2026 earnings-call material said adjusted EBIT margin expanded by 40 basis points year over year. KONE kept its full-year comparable sales growth guidance at 3-6 percent and its adjusted EBIT margin guidance at 12.3-13 percent, with China and wage inflation identified as operating headwinds.

Stock remains below yearly high

Kone stock had a market capitalization of EUR 26,742,571,063 on September 24, 2026. Its 52-week range was EUR 46.22 to EUR 64.42, placing the EUR 51.64 price 11.7 percent above the low and 19.8 percent below the high.