KONE Oyj Class B
KNEBV: XHEL (FIN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€83.00 | Fmg | Knqcfxdzs |
Elevator Modernization Orders Continue To Grow at Pace for Kone in Early 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.