TK Elevator Posts Record Profit
TK Elevator reported record full year 2026 earnings with a ten percent rise in adjusted EBITDA. The German firm is preparing for its combination with Finnish rival Kone.
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Germany's TK Elevator posted a record full-year adjusted EBITDA of €1.72 billion ($1.92 billion) on Tuesday morning, driven by growth in service and modernisation units. The German elevator maker reported a 10% increase in annual profit, marking four consecutive years of double-digit earnings growth. The results arrive ahead of the company's planned combination with rival KONE OYJ-B.
