Business Description

TK Elevator (Australia), was established in 1996. They install, maintain, and modernize elevators and escalators. Dusseldorf, Germany is the headquarters of the company. More than 50,000 people served customers in more than 100 countries. From commodity elevators for commercial and residential buildings to highly customized solutions for state-of-the-art skyscrapers, the product portfolio includes everything. It also includes escalators, moving walkways, passenger boarding bridges, and stairlifts. Integration of cloud-based services solutions such as the MAX platform is becoming more important. The company’s name was changed from ThyssenKrupp Elevator to TK Elevator.

Key Financials

Revenue (US$ Mn):

• US$ 39,600 Mn was the annual revenue generated by TK Elevator in 2021
• TK Elevator’s annual revenue for 2020 was US$ 34,407 Mn, a -25.68% decrease from 2019
• From 2018’s annual revenues, TK Elevator registered a 13.95% increase in 2019, amounting to US$ 46,294 Mn
• Total revenue of US$ 40,627 Mn was generated in 2018 by TK Elevator

Operating Income (US$ Mn):

• TK Elevator’s operating income for 2021 was US$ 141 Mn, a -102.53% decrease from 2020
• The operating income generated by TK Elevator in 2020 was US$ -5,570 Mn
• At a -136.77% decrease from , TK Elevator’s operating income of US$ -109 Mn was indexed in 2019
• TK Elevator generated an operating income of US$ 297 Mn in 2018

Operating Margin %:

• 134% was the operating margin generated by TK Elevator in 2021
• TK Elevator’s operating margin for 2020 was 11412%, a -3505.64% decrease from 2019
• From 2018’s operating margins, TK Elevator registered a -3703.23% decrease in 2019, amounting to -335%
• An operating margin of 9% was generated in 2018 by TK Elevator

Gross Margin %:

• TK Elevator’s gross margin for 2021 was %, a -102.47% decrease from 2020
• The gross margin generated by TK Elevator in 2020 was -16%
• At a -128.57% decrease from , TK Elevator’s gross margin of % was indexed in 2019
• TK Elevator generated a gross margin of 1% in 2018

SWOT Analysis

Strengths

Focus on R&D

TK Elevator invests heavily in technology to create energy-efficient products. The company’s focus is on the development of new products as well as addressing fundamental technological or social issues. TK Elevator is committed to providing innovative products that support the digital transformation of the industry, climate change and energy transition as well as mobility. It collaborates with universities, research institutes, and other industrial companies

Market Position

Strong market positions are a testament to the company’s exceptional performance in certain areas and help it win new business. TK Elevator is a leader in all its operating areas around the globe. The company is a leader in large-scale and special plant construction.

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