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KONE Oyj Class B

KNEBV: XHEL (FIN)

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Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€88.00	Slhn	Bjktqbxp

Elevator Modernization Orders Continue To Grow at Pace for Kone in Early 2024

Apr 24, 2024

Business Strategy and Outlook

Kone is a global top-four elevator and escalator original equipment manufacturer. Its operations are integrated across manufacturing and installation activities, while also spanning E&E servicing for existing installations. Kone also performs elevator modernization services for elevator systems that have come to the end of their useful lives, which is typically 15-20 years. Active in all major geographies, Kone has an approximate 15% share of the estimated $80 billion global E&E market.

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