Schindler Holding Ltd : Q3 in line and management clearly confident, despite the headwinds building up
>Q3 boosted by effects of past price hikes - Schindler’s Q3 2023 results, reported yesterday morning, were in line with expectations, with order intake up 3.8% on cc (css at 2.8%), sales growth of 0.9% on cc (css at 3.2%) and an adjusted EBIT margin up 190bp at 11.1% (css at 11%), or adjusted EBIT right in line with the consensus. Price hikes (introduced in 2022) alone more than offset the impact of raw material and component cost inflation. Schindler indicated that i...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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