Otis cuts annual sales view on slowdown in construction activity in China, US, – Homevior
Representative Image BENGALURU: Elevator maker Otis Worldwide lowered its 2024 net sales forecast on Wednesday on softening demand for its new equipment from North America and China. The company expects its full-year net sales to be between $14.3 billion and $14.5 billion, down from its previous forecast of $14.5 billion to $14.8 billion. Sales growth …