KONE Oyj Class B
KNEBV: XHEL (FIN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| L%y | LOCK|>@ | LOCK|G@>vQ@% |
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.
