Schindler Holding Ltd : After a good Q2, EBIT margin likely to be under pressure in H2
>A good Q2 2021, 4% above forecasts at the adjusted EBIT level - Orders at constant currency (cc) rose by 17.7% in Q2 (consensus at 11.7% and ODDO BHF at 12%). Sales grew by 14.3% (consensus at 10.3%, ODDO BHF 7%). The group indicates that it very recently introduced price hikes in all segments and regions and it remains to be seen whether its competitors will broadly follow. Q2 adjusted EBIT was CHF 337m, 4% above consensus forecasts, and the margin improved by 30bp ...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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