Schindler Holding Ltd : Solid Q3 results, guidance for 2024 confirmed
>Q3 2024: sales up 2.6% cc, EBIT margin +140bp - This morning, Schindler published Q3 results that were broadly ahead of estimates:order intake at constant currency (cc) was up 5.5% in Q3 (consensus at 1.5% and ODDO BHF at 2%), notably thanks to growth of 20% in the modernisation segment. Moreover, the group has raised its targets in this market in the Americas zone (now anticipating growth of between 5% and 10%). The rollout of the new modular platform is contin...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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