Schindler Holding Ltd : A very good Q2, but the direction of the markets is not reassuring for 2024
>Good Q2 2023 with the order intake up by over 6% - On Friday morning, Schindler reported Q2 2023 results that beat expectations with the order intake up by 6.7% at constant exchange rates (consensus -0.6%), sales up 15.2% at CER (consensus 10.1%) and an adjusted EBIT margin up 290bp to 11.4% (consensus 10.4%), i.e. adjusted EBIT 15% ahead of consensus expectations.Schindler indicated that in Q2 the new equipment market was down -5/10%, with a decline of > 10% in...Schindler Holding is a holding company. Co. through its subsidiaries is engaged in the production of escalators, elevators and moving walks. Co. operates globally in one main division: Elevators and Escalators. The Elevators and Escalators division provides a range of elevators for different applications, including freight and special elevators, high-rise elevators, residential elevators and commercial elevators. Co. also provides commercial and public transport escalators and inclined and horizontal moving walks.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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