A weakening of the global economic envi- ronment could result in a deterioration of the market environment and the competi- tive situation in the industry. In particular, a stronger than anticipated decline or a prolonged weakness of the construc- tion market could result in a significant decline in the new equipment market and a more challenging market environment for services. In particular, a sustained mar- ket decline in China, which accounts for approximately 30% of KONE’s sales, could have an adverse effect on KONE’s growth and profitability.