Schindler Holding Ltd : Excellent Q1 results, but outlook undermined by new Top Speed 23 plan
>A transformation plan costing CHF 270m took the market by surprise - Q1 2021 results were excellent (adjusted EBIT close to 20% above expectations) and this should have driven sizeable consensus upgrades. But this seems to have misfired, after the announcement of the transformation plan dubbed Top Speed 23. This aims to accelerate the group's transformation in the digital sphere and in the modernisation segment. Schindler is looking to install Schindler Ahead on the ...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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