Investor Presentaiton
BOARD OF DIRECTORS' REPORT
Orders received and order book
Orders received grew by 8.2% as compared to January-
December 2020 and totaled EUR 8,852.8 million. At
comparable exchange rates, KONE's orders received grew by
7.4%.
At comparable rates, orders received for the new
equipment grew clearly with clear growth in the volume
business and significant growth in major projects. In
modernization, orders received were stable with significant
growth in the volume business and significant decline in major
projects.
The margin of orders received declined year-on-year due
to increased component and logistics costs. Some sequential
improvement was seen towards the end of the year.
KONE's new equipment orders received in elevator and
escalator units amounted to approximately 196,000 units
(2020: approximately 180,000).
Orders received in the EMEA region grew slightly at
comparable exchange rates as compared to January-
December 2020. New equipment orders grew slightly and
modernization orders grew slightly.
In the Americas region, orders received grew clearly at
comparable rates as compared to January-December 2020.
New equipment orders grew significantly and modernization
orders declined significantly. The comparison period included
an exceptionally sizeable modernization order from the
Washington Metropolitan Area Transit Authority.
Orders received in the Asia-Pacific region grew clearly
at comparable rates as compared to January-December
2020. In China, new equipment orders grew clearly in units
and grew clearly in monetary value during the year. During the
second half, orders were impacted by the tightened liquidity
situation in the property markets. Like-for-like prices were
stable while mix was slightly negative. In the rest of Asia-
Pacific, new equipment orders received grew significantly.
Modernization orders received grew significantly in China and
declined slightly in the rest of Asia-Pacific.
The order book grew significantly compared to the end of
December 2020 and stood at a strong level of EUR 8,564.0
million at the end of the reporting period. At comparable rates,
the order book grew slightly.
The order book margin continued to be at a healthy level.
Customer cancellations remained at a very low level.
Terminology: Slight <5%, clear 5-10%, significant >10%
Orders received
MEUR
Orders received
Order book
2021
2020
Change
Change at
comparable
exchange rates
8,852.8
8,564.0
8,185.1
7,728.8
8.2%
10.8%
7.4%
3.8%
Orders received consist predominantly of new equipment and modernization orders. Maintenance contracts are not included in orders received, but the figure
includes orders related to the maintenance business, such as repairs.
Orders received development by region*
New equipment orders
+
Modernization
orders
+
Total orders
+
EMEA
Americas
Asia-Pacific
China
*) in monetary value at comparable exchange rates
+++
++
++
++
+++
+++
++
++
--- Significant decline (>10 %), -- Clear decline (5-10 %), - Slight decline (<5 %), Stable,
+ Slight growth (<5 %), ++ Clear growth (5-10 %), +++ Significant growth (>10 %)
7
KONE ANNUAL REVIEW 2021View entire presentation