Schindler Holding Ltd : China reassures, but mature markets give cause for concern
>Good Q1 2023 sales, but further contraction in orders - Schindler reported yesterday morning Q1 2023 results well above expectations, mainly thanks to brisk business, while orders were down 5% at constant currency (cc), slightly less than expected (consensus -3.9%). Sales rose 10% at cc (consensus at +2.4%), driven mainly by EMEA and Asia-Pacific excluding China. Note that business in China edged up over the quarter. Q1 adjusted EBIT came in at CHF 272m, 8.6% above e...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.