Schindler Holding Ltd : Slightly better-than-expected start to the year
>Q1 2024: revenue growth at cc of 1.1%, EBIT margin +80bp - This morning, Schindler reported Q1 2024 results, 5% above expectations:Orders at constant currency (cc) were up 2.5% in Q1 (consensus at 1.8% and ODDO BHF at +4.0%). Schindler indicated that in Q1, orders for new equipment were up 0-5% in volumes, including 5-10% in China, but on the other hand in value terms, orders were down -5-0% (overall as well as in China). The rollout of the new modular platform ...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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