Schindler Holding Ltd : No unpleasant surprises in Q1, no pleasant surprises further out
>Orders remain solid, the gross margin in the backlog is down - Schindler reported its Q1 2022 results on Friday, 22 April (see our First Take), which were broadly in line and even contained a pleasant surprise on orders (+8.9% at constant currency (cc)). We received some additional indications during the conference call: i/ the 1.9% growth at cc in Q1 sales included almost 40bp of an impact from acquisitions, so organic growth was therefore 1.5%; ii/ the gross m...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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