Schindler's Efficiency Gains and Modernization Growth
Schindler is a leading global elevator and escalator company, operating in a mature and consolidated market.
According to Morningstar, an investment research company, Schindler derives most of its profit from its services business, which benefits from a large installed base and delivers stable, high-margin, recurring revenue and stable cash flows.
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Author's summary: Schindler's growth underpinned by efficiency gains.
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