Schindler Holding Ltd : After a good Q2 the group remains cautious on a number of markets
>Q2 adjusted EBIT came in 30% above forecasts - Like the majority of groups in the sector that have already published, Schindler has beaten expectations. Order intake was down 9.9% at constant currency and sales -5.8% (vs -12.8% and -10.9% forecast by the consensus). Adjusted EBIT was CHFÂ 286m vs CHFÂ 220m forecast by the consensus, taking the margin to 11.4%, a contraction of 30bp. The group notably benefited from a favourable mix (more maintenance). Feed...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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