Investor Presentaiton
BOARD OF DIRECTORS' REPORT | KEY FIGURES AND FINANCIAL DEVELOPMENT
Alternative performance measure
KONE reports an alternative performance measure, adjusted
EBIT, to enhance the comparability of the business
performance between reporting periods. The adjusted EBIT is
calculated by excluding from EBIT significant items impacting
comparability such as significant restructuring costs. In 2021
items affecting comparability related to restructuring measures
of KONE's global business lines and functions. In 2020 and
earlier periods items affecting comparability arise from the
Accelerate program, launched in September 2017, to speed
up the execution of the strategy and to support profitable
growth.
- as percentage of sales, %
- as percentage of sales, %
Other data, Jan 1-Dec 31
2021
2020
2019
2018
2017
Orders received, MEUR
8,853
8,185
8,400
7,797
7,554
Order book, MEUR
8,564
7,729
8,052
7,951
7,358
Cash flow from operations before financing items and taxes,
MEUR
1,829
1,908
1,550
1,150
1,263
Capital expenditure excl. acquisitions, MEUR
217
201
200
112
116
2.1
2.0
2.0
1.2
1.3
Expenditure on research and development, MEUR
189
180
171
164
158
1.8
1.8
1.7
1.8
1.8
Average number of employees
Number of employees at end of period
Employee costs
Key ratios, %, Jan 1-Dec 31
Return on equity
Return on capital employed
61,698
60,376
58,369
56,119
53,417
62,720
61,380
59,825
57,359
55,075
3,222
3,043
3,048
2,818
2,725
Equity ratio
Gearing
2021
2020
2019
2018
2017
32.0
29.7
30.1
27.7
32.1
26.8
25.0
25.1
25.0
28.8
41.2
45.5
46.5
49.9
50.0
-67.6
-61.1
-48.6
-55.3
-55.8
2021
2020
2019
2018
2017
Operating income (EBIT), MEUR
1,295
1,213
1,192
1,042
1,192
Operating income margin (EBIT margin), %
12.3
12.2
11.9
11.5
13.6
Items impacting comparability, MEUR
15
38
45
70
13
Adjusted EBIT, MEUR
1,310
1,251
1,237
1,112
Adjusted EBIT margin %
12.5
12.6
12.4
12.3
1,206
13.7
33
KONE ANNUAL REVIEW 2021View entire presentation