Kone Oyj
KNEBF
position
long
John Hempton, Bronte Capital
Thesis
Kone, a Finnish elevator company, profits mainly from maintenance contracts, making it a very profitable business model, especially outside of China where capital equipment sales dominate.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The thesis highlights Kone's profitable maintenance contracts, but without knowing if the company has experienced growth or decline in this area, we cannot determine the outcome. Therefore, the confidence in this assessment is low.
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