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Kone and UPM Post Third-Quarter Results Below Analyst Estimates

Kone and UPM reported third-quarter 2026 operating profit below estimates, according to Reuters. Kone kept its full-year outlook unchanged.

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what happened

Finland's Kone reported third-quarter EBIT of 339 million euros against an estimate of 358.4 million. Sales came in at 2,906 million euros versus 2,950.7 million expected, while the adjusted EBIT margin was 12.7%. Orders slightly beat forecasts at 2,292.9 million euros against 2,288.7 million.

Another Finnish group, UPM-Kymmene, reported a much weaker quarter. Adjusted EBIT was 131 million euros versus an IBES estimate of 204.4 million, and revenue was 2,202 million euros against 2,334 million expected. Net income reached 78 million euros, with EPS of 0.14 euros.

Kone kept its guidance: sales growth of 4–6% at comparable exchange rates and an adjusted EBIT margin of 12.5–12.9%. UPM expects comparable EBIT of roughly 375–575 million euros in the second half and says delivery volumes will be lower than in the first half.

why it matters

Profit misses in both reports point to margin pressure in industrial and forest-products businesses. Investors will focus on the outlook: Kone's guidance assumes exchange rates stay at October levels, while UPM expects higher sales prices and energy refunds to support its fourth-quarter result.

market impact

Shares of Kone and UPM: profits below estimates weigh on both stocks

  • Kone pressure down — operating profit and sales came in below analyst estimates
  • UPM-Kymmene pressure down — adjusted EBIT was well below IBES expectations

tags

EarningsStockFinland

instruments

KoneUPM-Kymmene

sources

  1. Kone Reports Q3 EBIT Of €339 MILLION, Below Estimate — Reuters, 28 October 2026 at 07:16 UTC
  2. UPM-Kymmene Q3 Adjusted EBIT €131 Million, Below Estimate — Reuters, 28 October 2026 at 07:53 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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