Schindler Holding Ltd : Margin improvement in 2023 set to depend on China and inflation
>Q4 2022: adjusted EBIT 11% above expectations - Schindler’s Q4 results, reported yesterday morning, beat expectations. Orders on constant forex fell by 2.7% in Q4 (css at -4.5%) while sales came in 4.7% higher on constant forex (consensus: 1.9%, ODDO BHF 2.5%), with growth in all regions. Adjusted EBIT came in 11% ahead of consensus expectations at CHF 309m (margin off 20bp y-o-y and up 100bp sequentially at 10.2%) in Q4. In contrast, the EBIT margin came in 30bp low...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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