Schindler Holding Ltd : New medium-term prospects already well priced in
>Q4 2023 results contained no major surprises, other than solid cash flow - Yesterday morning, Schindler reported Q4 2023 results marginally higher than expectations. Orders at constant currency (cc) rose by 1.5% in Q4 (css at 0.6%) and sales increased by 4.3% at cc (consensus: 2.4%), up in all regions. Adjusted EBIT came in 1.5% above the consensus estimate of CHF 338m (margin up 120bp y-o-y to 11.4%) in Q4. Operating cash flow rose by 75% to CHF 547m and net profit ...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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