KONE Oyj Class B

KNEBV: XHEL (FIN)
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Morningstar Rating for StocksFair ValueEconomic MoatCapital Allocation
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We See a Modernisatio-Driven Growth Resurgence for Kone

Business Strategy and Outlook

Kone is one of the four largest global elevator and escalator companies operating in a mature, consolidated, and structurally attractive industry. The company derives approximately 65% of its revenue—and the bulk of its profit—from its service segment, which benefits from a large installed base generating high margins, recurring revenue, and stable cash flows.

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