TK Elevator reports record figures

Following the announcement of Kone’s takeover of TK Elevator (TKE), TKE’s financial performance is naturally attracting particular attention. The group has now published its results for the third quarter and the first nine months of the 2026 financial year.

To put it briefly: TKE recorded momentum in the third quarter (Q3) and nine months (9M) of financial year (FY) 2026 (the 12-month period ending 30 September 2026) "continued strong momentum across orders, sales, and profitability". This has led to new record figures for adjusted EBITDA and the margin for both Q3 and the first nine months.

Third-Quarter FY 2026:

• Broad-based order intake and sales growth across all business lines.
• Order intake up +12%* to €2.5 billion.
• Sales increased +4%* to €2.4 billion.
• Service and Modernization comprised 66% of total Q3 sales.
• EOX-led New Installation sales growth across the Americas and Europe-Africa.
• Adjusted EBITDA +7%* to €444m; margin +40 bps to 18.8%; new Q3 records.

Nine-Month FY 2026:

• • Order intake up +9%* to €7.3 billion.
• • Sales increased +4%* to €6.9 billion.
• Service and Modernization comprised 67% of total 9M sales.
• Adjusted EBITDA +9%* to €1,220m; margin +80 bps to 17.8%; new 9M records.
  
  
  

*FX adjusted and comparison with Q3 and 9M FY 2025, respectively

In the press release, TKE also addresses the takeover by Kone, which is described as "a transformative business combination". TKE emphasises that the regulatory review process is progressing as planned: "The regulatory review process is progressing as planned, with filings submitted or underway in all key jurisdictions. Closing is expected in Q2 2027 at the earliest, as previously announced."

More information:tkelevator.com
The full press release